Forecasts

Western European 2014 sales forecast revised upwards

March 11, 2014 06:01 CET
Six consecutive months of year-on-year growth in western European car sales has some market watchers revising their sales forecasts upwards.... Read More »

 

UK's GKN sees more growth this year, warns of dollar impact

Feb. 26, 2014 13:22 CET
UK supplier GKN says profits rose 17 percent last year on strong demand for car parts. The company now sees its auto business outpacing an anticipated 3 percent expansion in the market this year.... Read More »

 

Nissan expects better profitability in 2014, Ghosn says

10:19 am U.S. ET | Feb. 21, 2014
Nissan CEO Carlos Ghosn forecast profitability at Japan's second-largest carmaker will improve in 2014 after the company missed out on the yen-led earnings boon at the nation's exporters.... Read More »

 

Renault CEO Ghosn postpones profit goal again

Feb. 13, 2014 16:05 CET
Renault CEO Carlos Ghosn's latest revenue and profit targets for the automaker have sparked mixed reaction from analysts, some saying the company was playing it safe while others were more skeptical.... Read More »

 

Renault 2013 profit advances 59% on gains for Dacia brand

Feb. 13, 2014 08:04 CET
Renault said full-year earnings rose 59 percent as low-cost cars from the company's Dacia division pushed delivery growth and the automaker reduced costs.... Read More »

 

Porsche CEO sees sales exceeding 200,000 in 2015 on Macan demand

6:39 am U.S. ET | Feb. 11, 2014
Porsche expects annual global sales will exceed 200,000 in 2015 on demand for the Macan compact SUV, three years earlier than first planned.... Read More »

 

Porsche CEO sees sales exceeding 200,000 in 2015 on Macan demand

Feb. 11, 2014 12:39 CET
Porsche expects annual global sales will exceed 200,000 in 2015 on demand for the Macan compact SUV, three years earlier than first planned.... Read More »

 

Russian car sales fall 6% in January amid weak economy

Feb. 10, 2014 15:41 CET
Russian vehicle sales got off to a poor start in 2014, falling 6 percent in January. Full-year deliveries may decline 2 percent, delaying the country's bid to pass Germany as Europe's No. 1 market.... Read More »

 

Daimler profit gains 45% on higher CLA, S-class demand

Feb. 6, 2014 06:01 CET
Daimler posted a 45 percent surge in fourth-quarter profit as customers scooped up the new Mercedes CLA and revamped S-class sedan.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mercedes sales boss Kaellenius sees great years ahead

Feb. 5, 2014 06:15 CET
Mercedes is counting on Ola Kaellenius, its new sales boss and former CEO of its high-performance AMG subbrand, to help it become the No. 1 premium automaker by 2020.... Read More »

 

Daimler expected to post Q4 earnings surge on new product tailwind

Feb. 5, 2014 17:22 CET
Daimler is expected to post a surge in fourth-quarter profit on Thursday as its rejuvenated Mercedes-Benz model range helps CEO Dieter Zetsche to turn around a legacy of profit warnings.... Read More »

 

Honda quarterly profit more than doubles to $1.56 billion

Jan. 31, 2014 10:33 CET
Honda said its October-December net profit more than doubled to $1.56 billion, back to pre-Lehman crisis levels, helped by strong sales of the redesigned Fit subcompact.... Read More »

 

Johnson Matthey reports 16% quarterly profit, names new CEO

Jan. 30, 2014 13:17 CET
Johnson Matthey, a UK manufacturer of catalytic converters for cars, reported a 16 percent rise in third-quarter profit thanks to tighter vehicle emissions rules in Europe.... Read More »

 

Toyota supplier Tsubakimoto expects China sales to double in 4 years

6:13 am U.S. ET | Jan. 29, 2014
Tsubakimoto Chain, a Toyota supplier, forecasts China auto parts sales to more than double in four years as carmakers including GM and Volkswagen raise orders to diversify supply chains.... Read More »

 

DAVE VERSICAL

Despite rosy sales forecast, sharp dealers plan ahead

7:36 pm U.S. ET | Jan. 24, 2014
My colleagues who were here five years ago tell me it was grim. Nothing like the prospect of GM and Chrysler dying to suck the air out of a learn-fest like the NADA convention. So it struck me to read that the association's new chief economist, Steven Szakaly, is predicting three more years of rising U.S. sales - on top of the four we've seen since 2009.... Read More »

 

Why conquest sales will be tough this year

5:57 pm U.S. ET | Jan. 24, 2014
Conquesting customers will be a little tougher this year even though industry sales will rise, a senior industry analyst for JD Power and Associates predicted.... Read More »

 

Manheim: Used-car prices will stay healthy

12:01 am U.S. ET | Jan. 24, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, said. Webb said the market fundamentals that kept used-car prices relatively high last year -- such as employment growth, readily available retail financing and strong retail used-car demand -- are expected to remain mostly unchanged in 2014.... Read More »

 

NADA PREVIEW

NADA predicts 3 years above 16 million

12:01 am U.S. ET | Jan. 20, 2014
The economic signs indicate a strong sales year for the auto industry in 2014. And look for the recovery to continue for three years, says Steven Szakaly, the National Automobile Dealers Association's chief economist.... Read More »

 

Volvo CEO sees Europe demand 'leveling out' this year, report says

Jan. 20, 2014 16:20 CET
Volvo CEO Hakan Samuelsson forecasts flat demand in Europe's struggling automotive sector this year as sales in the region slowly rebound, the Financial Times reported.... Read More »

 

NADA PREVIEW

Make meeting forecast: Mostly sunny

12:01 am U.S. ET | Jan. 20, 2014
After yet another solid sales year, most make meetings at this year's National Automobile Dealers Association convention are expected to be the equivalent of a sunny day in Honolulu. But whenever two fronts collide -- in this case, dealers and the factories -- there's the potential for storm clouds to gather.... Read More »

 

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Akerson 'optimistic' about Opel's future

Jan. 16, 2014 13:44 CET
General Motors' departing CEO Dan Akerson said he is "optimistic" about the automaker's struggling European brand, Opel. The brand's market share rose in Europe for the first time in 14 years in 2013, Akerson told the Automotive News World Congress.... Read More »

 

Russian car sales seen falling for second year in row

Jan. 16, 2014 06:15 CET
Russia's car market is facing another weak year and is expected to fall nearly 2 percent in comparison with 2013, the Association of European Businesses said.... Read More »

 

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Pent-up demand just starting, expect 17 million sales in 2015, says Citi analyst

11:34 am U.S. ET | Jan. 15, 2014
DETROIT -- Auto sales will be stronger than expected this year and next because pent-up demand isn’t used up but just starting, says Itay Michaeli, head of auto research for Citi Investment.
He sees U.S. light-vehicle sales of 16.4 million this year, at the top end of the range of most forecasters. But his 2015 outlook for 17 million sales is significantly higher than the pack.... Read More »

 

Ford of Europe eyes higher 2014 sales on new models, market upturn

Jan. 15, 2014 14:52 CET
Ford is counting on new models and a stabilizing European car market to increase sales in the region this year, after shrinking demand inflicted a small drop in 2013 deliveries.... Read More »

 

Ford of Europe chief sees replacement demand driving car sales in 2014

Jan. 14, 2014 15:28 CET
Ford of Europe chief Stephen Odell said new-car sales in the automaker's 19 main European markets may rise almost 6 percent this year as customers replace aging vehicles.... Read More »

 


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