Yperion
Cornering Kingpin
Toyota, Fiat Continued To Gain In Europe In Oct
Fiat SpA (FIA) and Toyota Motor Corp. (TM) continued to enjoy strong European passenger car registrations in October, fueled by strong demand for revamped versions of models such as the Fiat Grande Punto, Toyota Yaris and Toyota Aygo, according to the European Automobile Manufacturers Association.
Japanese auto giant Toyota continues to make inroads on the European market as it saw new car registrations - a sign of underlying sales - rise 15% on the year in October on a group level to 69,231 vehicles. New car registrations for its Lexus premium brand almost doubled on the year compared to October last year to 2,835 cars.
Year-to-date, Lexus posted 34,539 new car registrations in Europe, almost twice as much as in the same period 2005, increasing the pressure on European premium automakers. On a group level, Toyota's new car registrations in the first ten months came in 9.9% above the level of 2005 at 764,451 vehicles.
ACEA said Wednesday that the overall market in Europe rose 3.6% on the year in October and 0.4% year-to-date to 1.21 million and 13.06 million vehicles, respectively.
"This year's result, although positively influenced by one extra working day with respect to October 2005 ... is a sign of recovery after four consecutive months of decline," the association said in a statement.
All major European markets increased in October except Italy, where the market was flat compared to October last year, it said.
On the back of strong demand for its revamped Grande Punto model, Fiat posted a 16% rise on the year for European new car registrations in October at 92,704 vehicles.
Volkswagen AG (VLKAY), Europe's biggest automaker by sales, saw new car registrations come in 4% higher in October and 5.3% higher in the first ten months.
In October, the company's Czech Skoda brand along with its ailing Spanish Seat division contributed to the rise. New Car registrations for Skoda rose 6.5% on the year to 34,506 vehicles as Seat saw registrations rise 7.3% to 32,243 cars.
VW's German premium Audi brand also contributed to the gain with a 5.3% rise on the year in October, while the core VW brand saw new car registrations come in at 137,042, up 2.1% compared with October 2005.
U.S.-automakers General Motors Corp. (GM) and Ford Motor Co. (F) saw their European divisions post solid results in October even as the parent companies face wide-ranging restructuring efforts amid painful losses and fierce price pressure on their North American home market.
GM's new car registrations in Europe were up 5.4% on the year in October, fueled by a 7.3% rise for its Opel/Vauxhall brands with 97,609 registrations, while registrations for its Swedish Saab brand fell 16% on the year.
French automaker Renault (13190.FR) continued to post the weakest result among major European automakers with a 2% decrease on the year in October to 111,949 new car registrations, leading to a fall of 9.6% on the year in the first ten months.
French rival PSA Peugeot-Citroen Group SA (12150.FR) posted above-average growth of 7.1% in October, but year-to-date new car registrations are still 2.4% below the same period last year at 1.73 million cars.
In October, German premium automakers BMW AG (BMW.XE) and DaimlerChrysler AG (DCX) saw new car registrations in Europe fall 3.9% and 8.2%, respectively, in line with data released by the companies earlier this month.
Source: http://www.easybourse.com/Website/d...=2&PHPSESSID=9d22d7df257a1976c6a692a35c18a304
Fiat SpA (FIA) and Toyota Motor Corp. (TM) continued to enjoy strong European passenger car registrations in October, fueled by strong demand for revamped versions of models such as the Fiat Grande Punto, Toyota Yaris and Toyota Aygo, according to the European Automobile Manufacturers Association.
Japanese auto giant Toyota continues to make inroads on the European market as it saw new car registrations - a sign of underlying sales - rise 15% on the year in October on a group level to 69,231 vehicles. New car registrations for its Lexus premium brand almost doubled on the year compared to October last year to 2,835 cars.
Year-to-date, Lexus posted 34,539 new car registrations in Europe, almost twice as much as in the same period 2005, increasing the pressure on European premium automakers. On a group level, Toyota's new car registrations in the first ten months came in 9.9% above the level of 2005 at 764,451 vehicles.
ACEA said Wednesday that the overall market in Europe rose 3.6% on the year in October and 0.4% year-to-date to 1.21 million and 13.06 million vehicles, respectively.
"This year's result, although positively influenced by one extra working day with respect to October 2005 ... is a sign of recovery after four consecutive months of decline," the association said in a statement.
All major European markets increased in October except Italy, where the market was flat compared to October last year, it said.
On the back of strong demand for its revamped Grande Punto model, Fiat posted a 16% rise on the year for European new car registrations in October at 92,704 vehicles.
Volkswagen AG (VLKAY), Europe's biggest automaker by sales, saw new car registrations come in 4% higher in October and 5.3% higher in the first ten months.
In October, the company's Czech Skoda brand along with its ailing Spanish Seat division contributed to the rise. New Car registrations for Skoda rose 6.5% on the year to 34,506 vehicles as Seat saw registrations rise 7.3% to 32,243 cars.
VW's German premium Audi brand also contributed to the gain with a 5.3% rise on the year in October, while the core VW brand saw new car registrations come in at 137,042, up 2.1% compared with October 2005.
U.S.-automakers General Motors Corp. (GM) and Ford Motor Co. (F) saw their European divisions post solid results in October even as the parent companies face wide-ranging restructuring efforts amid painful losses and fierce price pressure on their North American home market.
GM's new car registrations in Europe were up 5.4% on the year in October, fueled by a 7.3% rise for its Opel/Vauxhall brands with 97,609 registrations, while registrations for its Swedish Saab brand fell 16% on the year.
French automaker Renault (13190.FR) continued to post the weakest result among major European automakers with a 2% decrease on the year in October to 111,949 new car registrations, leading to a fall of 9.6% on the year in the first ten months.
French rival PSA Peugeot-Citroen Group SA (12150.FR) posted above-average growth of 7.1% in October, but year-to-date new car registrations are still 2.4% below the same period last year at 1.73 million cars.
In October, German premium automakers BMW AG (BMW.XE) and DaimlerChrysler AG (DCX) saw new car registrations in Europe fall 3.9% and 8.2%, respectively, in line with data released by the companies earlier this month.
Source: http://www.easybourse.com/Website/d...=2&PHPSESSID=9d22d7df257a1976c6a692a35c18a304
