汽车季刊 - 2016 年第四季度

The Automotive Quarterly report for April 2017 shows that the global automotive market is continuing to grow, with the STOXX Global 3000 index up 11.8% compared to the end of 2016, and the STOXX Europe 600 Automobiles & Parts index down slightly (-0.8%). All indices indicate positive development, both in the overall economy and in the automotive industry. In comparison to the third quarter of 2016, the automotive indices have significantly increased: Europe Plus 12% and Global Plus 10%. These values reflect the good business results of automakers, while sales volumes are also increasing in many core markets. However, the overall economy indices also increased by +5.8% (Europe) and +8.1% (Global) for the end-of-year rally. Automaker sales are growing significantly, with an average increase of 3.7% since the previous year. GM leads with a 12.7% increase in sales, followed by Volkswagen with 8% growth over the crisis-stricken fourth quarter and Daimler with 6.6% more sales in the automotive sector. On the other hand, Ford (-1.8%) and especially BMW (-3.5%) are performing weakly. BMW is suffering from a decline in sales in the American market, and similar to VW and others, there is a possibility of a sales ban for some models in South Korea. Ford made the largest jump from the fourth quarter of Q3 with a 15.5% increase in sales, but positive numbers from Asia cannot fully offset the decline in domestic sales (-1.8%). Audi (+10.4%) and Volkswagen Group (+9.9%) also significantly increased from Q3 to Q4. Volkswagen is facing penalties, with EBIT margins in the pure automotive business of the examined companies decreasing.