Tag Archives: q1 sales

Renault Group Q1 Sales, Revenues Drop from Eurozone Crisis

Posted on 25 April 2012 by Ken Zino

The problem was almost entirely in the home French market which shrunk by 19.4%. As a result, Renault Group’s European market share decreased to 9.1%. The EU is heading for its fifth straight year of auto sales declines as politicians and bankers continue to pursue policies that increase unemployment and decrease economic activity. The mix of sales outside Europe reached 46%, up 8 points compared to the first quarter 2011. Continue reading →

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Ford China Sales Drop Again in Q1 as March Continues Slump

Posted on 17 April 2012 by Ken Zino

This is the third straight monthly decline for Ford in China, and it comes at a time when Ford is aggressively expanding its capacity there, an unfortunate development for shareholders and the Ford balance sheet, which needs the cash flow from increasing sales to build new plants. All major automakers have announced ambitious expansion plans in China, the world’s largest auto market. However, in 2011 the Chinese auto market only grew by 5%, by far the lowest growth rate of the 21st century, as the communist central government deliberately slowed the economy in an attempt to fight inflation. Continue reading →

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March, Q1 EU Sales Drop Again. Eurozone Crisis Continues

Posted on 17 April 2012 by Ken Zino

If this trend keeps up, and given contractionist policies of the EU governments, there is no reason to predict any economic stimulus, 2012 might see an even greater drop in auto sales than those incurred during the Great Recession in 2008-2009. Continue reading →

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