European car sales gain again


European car registrations rose 4.5% in May to 1.13M units to mark the 9th consecutive month of a year-over-year sales gain.

All the EU nations showed positive growth during the month with the exception of Italy which saw a 3.8% falloff.

Sales growth by automaker: Volkswagen (VLKAY) +9.6%, Peugeot (PEUGY) +4.3%, Fiat (FIATY) +5.6%, General Motors (GM) -6.8%, Renault (RNSDF) +18.8%, Daimler (DDAIF) +3.6%, Toyota (TM) +3.4%, Ford (F) -2.0%, BMW (BAMXY) -2.2%, Fiat (FIATY) -2.7%, Nissan (NSANY) +10.7%, Hyundai (HYMLF) -2.7%.

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Comments (10)
  • vireoman
    , contributor
    Comments (1254) | Send Message
     
    So FIATY is both up 5.6% and down 2.7%. I hate it when that happens with one of my investments.
    17 Jun 2014, 08:54 AM Reply Like
  • Tdot
    , contributor
    Comments (8910) | Send Message
     
    That's awesome.
    17 Jun 2014, 01:16 PM Reply Like
  • geekinasuit
    , contributor
    Comments (2807) | Send Message
     
    LOL so which is it, up or down, giving me a headache ????
    17 Jun 2014, 01:25 PM Reply Like
  • Tdot
    , contributor
    Comments (8910) | Send Message
     
    It was down. Check the document provided at the article link. it isn't clear where the +5.6% for Fiat came from in the spreadsheet there...
    17 Jun 2014, 01:28 PM Reply Like
  • funfundvierzig
    , contributor
    Comments (4647) | Send Message
     
    GM sales down in Europe? Down 7%…Maybe intelligent Europeans have read the dismal news of two score recalls, some 20 million defective and deficient GM cars and trucks in North America, and are having some reservations about this corrupt American car company. …funfun..
    17 Jun 2014, 09:41 AM Reply Like
  • Peskar
    , contributor
    Comments (39) | Send Message
     
    According to the document Opel is up 6.8% and Chevrolet is Down 80% !. This is probably because Chevrolet has been discontinued in Europe.
    17 Jun 2014, 12:06 PM Reply Like
  • J38765
    , contributor
    Comments (1531) | Send Message
     
    A 2% decline in a rising market is very bad news for Ford given the new products that Ford has in Europe. At this stage of its product cycle Ford should be kicking A.... And taking names. The combination of Ford's declining profitability in the US and its inability to make money anywhere else does not bode well for the stock. Could Ford be dead money for another 10 years?
    17 Jun 2014, 10:28 AM Reply Like
  • Tdot
    , contributor
    Comments (8910) | Send Message
     
    You may recall that Ford is restructuring in Europe, shutting down redundant plants, and reducing capacity to be in line with the market realities in Europe.

     

    They are no longer selling cars at huge losses just to try to maintain or grow market share - they are reducing production to meet nominal demand at (hopefully soon) profitable price levels. Other European automakers are overselling their products, and taking government-backed losses, out of national and political pride.

     

    Ford don't play dat game.
    17 Jun 2014, 12:45 PM Reply Like
  • crazty4tennis
    , contributor
    Comments (1226) | Send Message
     
    I'm happy to hear that F Euro car sales are inching up so ever slightly but any improvement in new car sales on the Euro end is good for F. That would mean that the Euros have begun to have confidence in the F product and they like the design being presented in their country. Perhaps on this good news the stock will rally up the ladder and make a huge improvement to shareholders. Great article and thanks for sharing.
    17 Jun 2014, 12:10 PM Reply Like
  • Budavar
    , contributor
    Comments (1410) | Send Message
     
    GM's relentless loss of market share continues.
    17 Jun 2014, 12:20 PM Reply Like
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