Seeking Alpha

European car sales on the rise, but profits a concern

  • Automobile sales in Europe rose 7.6% in February, according to the European Automobile Manufacturers' Association.
  • France was the only major market to show a decline in sales during the month.
  • Though sales momentum was strong across brands, analysts warn that the level of discounting was high enough to cut into profits in the sector.
  • Sales growth by automaker: Volkswagen (VLKAY) +8%, Peugeot (PEUGY) +3.6%, Fiat (FIATY) +5.6%, General Motors (GM) +12.6%, Renault (RNSDF) +11.7%, Daimler (DDAIF) +3.9%, Toyota (TM) +6.2%.
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Comments (3)
  • Michael Bryant
    , contributor
    Comments (5823) | Send Message
     
    Volkswagen (OTCQX:VLKAY) and General Motors (GM) are the only car manufacturers I see worth investing. (TM) is too big and won't grow much.
    18 Mar 2014, 07:56 AM Reply Like
  • Budavar
    , contributor
    Comments (1393) | Send Message
     
    GM seems to be rising on puffs, including such trivia item that a GM car is being auctioned for some benefit (sic!)
    Really?
    This creates an irrational exuberance where even investors who know too much get hosed.
    IMO, the fundamentals will eventually came crashing down.
    18 Mar 2014, 09:57 AM Reply Like
  • lemm
    , contributor
    Comments (761) | Send Message
     
    Budavar,didn't understand one thing you wrote but glad you are still around,haven't heard much from you in awhile.
    26 Mar, 03:32 PM Reply Like
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