Car Sales in Europe Down Vs. Last Year
05-18-05, 09:22 PM
#1
Guest
Posts: n/a
Car Sales in Europe Down Vs. Last Year
http://www.forbes.com/feeds/ap/2005/...ap2026036.html
Update 1: Car Sales in Europe Down Vs. Last Year
05.13.2005, 10:05 AM
Western European car sales declined by 2.6 percent over the first four months of this year compared to the same period in 2004, with the Association of European Auto Manufacturers on Friday blaming a slowdown in the economy for the downturn.
Over the last month, the slump in sales had declined 0.8 percent, despite improvements in France, Spain and Germany.
Car registrations in April rose 12.2 percent in France, 6.6 percent in Spain and 4.1 percent in Germany. In the two other main European markets, sales sank 6.4 percent in Italy and 4 percent in Britain.
In others markets, Poland stood out, with sales sinking 57 percent.
Overall, passenger car registration in the EU and EFTA nations stood at 1,357,474 units in April.
The biggest manufacturer, Volkswagen AG, posted a 6 percent increase, driven by a 21.6 percent rise in Audi sales. Ford Motor Co. sank 7.4 percent and Fiat SpA slumped 15 percent, hurt by a decline in Alfa Romeo sales of 22 percent.
Sales of BMW AG's vehicles shot up 22.9 percent and South Korea's KIA Motors Corp. increased sales by 43. 1 percent.
Update 1: Car Sales in Europe Down Vs. Last Year
05.13.2005, 10:05 AM
Western European car sales declined by 2.6 percent over the first four months of this year compared to the same period in 2004, with the Association of European Auto Manufacturers on Friday blaming a slowdown in the economy for the downturn.
Over the last month, the slump in sales had declined 0.8 percent, despite improvements in France, Spain and Germany.
Car registrations in April rose 12.2 percent in France, 6.6 percent in Spain and 4.1 percent in Germany. In the two other main European markets, sales sank 6.4 percent in Italy and 4 percent in Britain.
In others markets, Poland stood out, with sales sinking 57 percent.
Overall, passenger car registration in the EU and EFTA nations stood at 1,357,474 units in April.
The biggest manufacturer, Volkswagen AG, posted a 6 percent increase, driven by a 21.6 percent rise in Audi sales. Ford Motor Co. sank 7.4 percent and Fiat SpA slumped 15 percent, hurt by a decline in Alfa Romeo sales of 22 percent.
Sales of BMW AG's vehicles shot up 22.9 percent and South Korea's KIA Motors Corp. increased sales by 43. 1 percent.
05-19-05, 09:02 AM
#2
Lexus Fanatic
Strange...no numbers from Renault. They are enormous in France and, and, I believe, second to VW throughout Europe as a whole. The only other European company even near its size is Fiat.
However..I could not not download the website completely and I may have just missed them.
However..I could not not download the website completely and I may have just missed them.
Last edited by mmarshall; 05-19-05 at 09:08 AM.
05-19-05, 12:20 PM
#4
Lexus Fanatic
iTrader: (20)
Originally Posted by Richie
I'm telling you guys, things are not going great over here.
1) The aging population are retiring in droves and starting to collect those big pensions and benefits promised for decades with little revenue going back to the government.
2) There are almost no new businesses being created in Europe because it's too difficult, too expensive, and not rewarding.
3) Globalization makes it so much more attractive to do business elsewhere and for many of Europe's best and brightest to MOVE elsewhere.
(One note on the numbers though - that's an INCREDIBLE result for BMW
)
05-22-05, 11:10 PM
#6
Lexus Test Driver
Join Date: Mar 2004
Location: MD
Posts: 1,509
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by bitkahuna
And unfortunately only going to get more challenging for 3 huge reasons (and probably many more):
1) The aging population are retiring in droves and starting to collect those big pensions and benefits promised for decades with little revenue going back to the government.
2) There are almost no new businesses being created in Europe because it's too difficult, too expensive, and not rewarding.
3) Globalization makes it so much more attractive to do business elsewhere and for many of Europe's best and brightest to MOVE elsewhere.
(One note on the numbers though - that's an INCREDIBLE result for BMW )
1) The aging population are retiring in droves and starting to collect those big pensions and benefits promised for decades with little revenue going back to the government.
2) There are almost no new businesses being created in Europe because it's too difficult, too expensive, and not rewarding.
3) Globalization makes it so much more attractive to do business elsewhere and for many of Europe's best and brightest to MOVE elsewhere.
(One note on the numbers though - that's an INCREDIBLE result for BMW
)
Thread
Thread Starter
Forum
Replies
Last Post
LexFather
Car Chat
63
11-08-05 05:09 AM