汽车季刊 - 2014 年第一季度

The Automotive Quarterly – Q1/2014 report shows a positive trend in the European automotive market, with a year-on-year increase of over 20% in the overall indices. The European indices have slightly slowed down in the past quarter, but remain satisfactory for investors with gains of 3.4% for Europe and 1.6% worldwide. The performance of the automotive industry, measured by the respective indices "Automobiles & Parts," varies regionally. While European automotive values are currently rising strongly (+~60% since Q1/2013), the global auto index has fallen for the first time in six quarters. In terms of sales and profitability, German OEMs with strong growth compared to the previous year are leading the way. Toyota, the world's largest carmaker, is slightly positive, despite the weak yen. The Japanese made good profits of around 42.5 billion euros in the automotive segment, compared to 400 million euros in the previous quarter. Volkswagen's sales fell by more than 5% compared to the previous quarter, but remain above the previous year's level. BMW and Daimler also lost sales compared to the previous year's quarter, but this seems to be more of a first quarter phenomenon. Daimler has developed very well compared to the previous year with a plus of 19%. Audi recorded a plus of 10.6 percentage points compared to the previous year's quarter. GM suffered the strongest sales decline since over two years, which is also reflected in the results (see figure 3).