Forecasts

GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET

General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said....
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Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET

Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015....
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GM delivers record 9.9 million vehicles globally in 2014

8:00 am U.S. ET | Jan. 14, 2015

General Motors posted its second straight year of record global vehicle sales, with deliveries growing 2 percent to 9.9 million units....
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2015 AUTOMOTIVE NEWS WORLD CONGRESS

Analyst forecasts 17 million U.S. sales in 2015, 20 million in 2018

5:27 pm U.S. ET | Jan. 14, 2015

The US auto industry will sell over 17 million vehicles in 2015 and could reach 20 million in 2018, but expect a sharp downturn after that. So predicted John Murphy, lead US auto analyst for Bank of America Merrill Lynch....
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Marchionne sees Fiat Chrysler breaking even in Europe this year

Jan. 13, 2015 17:53 CET

Fiat Chrysler is turning the corner in Europe and may break even in the region ahead of schedule as a focus on premium vehicles for export is starting to pay off, CEO Sergio Marchionne said....
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BMW cautious but still expects record 2015

Jan. 12, 2015 17:00 CET

BMW is targeting a fifth consecutive record in annual deliveries this year as it rolls out new models and demand continues to recover in Europe. But the company remains cautious following a cooling in demand for premium cars in China....
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KBB forecasts 16.9 million in U.S. sales, powered by retail demand

4:25 pm U.S. ET | Jan. 11, 2015

Auto sales will grow in 2015, but the US industry will have to work harder for smaller gains in the sixth year of recovery, analysts from Kelley Blue Book predicted on Sunday....
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GM CEO Barra stands by target to return to profit in Europe in 2016

Jan. 9, 2015 10:23 CET

General Motors stands by its target to return to profit in Europe in 2016, CEO Mary Barra said. Barra's stance contrasts with Ford, which last autumn cut its outlook for Europe due to steeper losses in Russia....
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015

Jan. 8, 2015 13:21 CET

New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but growth will slow this year, according to forecasters LMC Automotive. The region's car sales grew thanks to a strong UK market and rebounds in Germany, Italy and Spain....
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Porsche expects sales to reach 200,000 cars this year

Jan. 8, 2015 12:54 CET

Porsche expects to increase sales to 200,000 cars or more this year, hitting a long-planned target three years early, after posting record deliveries in 2014....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe sales growth forecast to continue, but at slower rate

Jan. 7, 2015 06:01 CET

Carmakers can look forward to another year of sales growth in Europe in 2015, but analysts expect the rate of increase to be 2 percent to 3 percent compared with last year's 5 percent rise....
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Opel CEO warns that 2016 profit target is under threat

Dec. 20, 2014 22:07 CET

Opel CEO Karl-Thomas Neumann has warned top managers that the General Motors unit's 2016 profit target is under threat from economic setbacks, according to a German daily paper....
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Europe car sales will rise up to 4% in 2015, Fitch says

Dec. 2, 2014 09:05 CET

European automakers' credit profiles will be helped by a modest global increase in vehicle sales, including growth in Europe of up to 4 percent next year, Fitch Ratings says....
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Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET

Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired....
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NADA sees 2015 U.S. sales nearing 17 million vehicles

12:45 pm U.S. ET | Nov. 17, 2014

Continued economic improvement, low interest rates and cheap gasoline will help new-vehicle sales rise more than 3 percent to nearly 17 million units next year, the most since 2005, according to forecasts from the National Automobile Dealers Association....
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Faurecia aims to nearly double sales in China by 2018

Nov. 12, 2014 11:07 CET

Faurecia is targeting sales of more than 4 billion euros ($4.97 billion) in China by 2018, up from the 2.3 billion euro estimated for this year. The supplier says it will invest 400 million euros in the country over the next five years....
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China's auto market growth may halve to 7% this year

Oct. 31, 2014 06:15 CET

Growth in China's auto market is forecast to halve to 7 percent this year, an industry body said, citing a slowing economy which weakened further in the third quarter....
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Fiat Chrysler's growth plans clouded by Brazilian outlook

Oct. 29, 2014 11:52 CET

Fiat Chrysler aims to boost sales in Latin America by 44 percent over five years but a recent big drop in volume and weakening outlook in Brazil, the region's biggest economy, threaten to spoil its ambitions....
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Car dealer Lookers to beat expectations

Oct. 29, 2014 10:55 CET

Britain's fourth-largest car dealer group, Lookers, forecast better-than-expected 2014 results on Wednesday after seeing strong new car sales. Lookers said retail new car sales rose 12 percent in the first nine months of the year....
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UK car production set for record in 2014

Oct. 24, 2014 10:47 CET

UK car production is still on track to reach its highest level in six years despite lower output in September. New Jaguar, Mini and Honda models will help boost production....
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GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET

UK supplier GKN said it was on track for growth in 2014 after posting third-quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit....
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Chinese auto market growth will slow to 5% this year, group says

Oct. 21, 2014 11:34 CET

China's vehicle sales will likely rise just 5 percent in 2014 to 23 million, according to the country's main auto association, which revised its growth forecast downward for the second time this year....
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Daimler lifted by jump in third-quarter earnings at Mercedes

Oct. 14, 2014 11:21 CET

Daimler reported a 29 percent jump in quarterly core earnings at Mercedes-Benz Cars, surprising investors wary of an economic slowdown....
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Bentley eyes record sales on Continental GT demand

Oct. 13, 2014 11:15 CET

Bentley expects another record year for vehicle sales in 2014 as demand for its Continental GT models helps to spur global growth....
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NADA economist doubts sales over 17 million will last

1:09 pm U.S. ET | Oct. 10, 2014

New light-vehicle sales will top 16 million units annually in the United States at least until 2018 but won't reach the heights some forecasters -- and automakers -- are anticipating, predicted Steven Szakaly, chief economist of the National Automobile Dealers Association....
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