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Tag Archives: ford europe results
EU Car Sales off 7% in January, Fifth Year of Declines?
EU car sales dropped yet again in January by 7.1% compared to a year ago, a troubling trend since car sales have declined for four straight years in the moribund European Union. The latest sales data from ACEA, the trade group of EU automakers, confirm what individual car company financial results have been indicating – the European economy continues to contract, and at rates greater than automakers anticipated as recently as last quarter or the quarter before that.
In total, 968,769 new registrations were recorded in the 26-nation EU region during January, which had on average one more working day than January 2011. Particularly hard hit were France (-20.7% for the second largest market) and Italy (-16.9% for the third largest market), with large negative consequences at PSA Group (-14.9%), Renault Group (-25.2%) and Fiat Group (-16.2 %.)
Germany (-0.4% for the largest EU market) and the United Kingdom (0% or flat for the fourth largest market) remained stable, with beneficial results for the biggest automaker in Europe, VW Group with its commanding 24% market share. Continue reading
Ford Europe Sales Fall in July as EU Economic Woes Continue
Ford’s market share in its traditional 19 European markets was 8.3% for the first seven months of the year, 0.3 percentage points lower in the same period 2010 as Ford continues to lose ground to competitors who are employing a combination of heavy incentives and new models to increase share. As a result Ford’s market share in July fell 0.2 percentage points to 8.1%. Continue reading
Posted in auto news, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, ford europe july results, ford europe results, Ken Zino, results, zino
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Ford Europe Sales Flat; Down Again in Western Europe
Ford now appears caught by two unforeseen macro-economic trends that are largely beyond its short term control – the collapse of Western European economies where Ford is a major player, and the growth of India and China, where Ford is a minor factor. Continue reading
