Neil Winton has covered the European Auto industry in general and electric cars in particular for Forbes for 11 years. He is based in the U.K. and publishes WintonsWorld.com. Winton was a reporter and editor at Reuters for 33 years. His Reuters assignments included New York and Brussels.
Auto sales growth in Europe is gradually expiring, pressurizing profits and forcing the manufacturers to look at bloated over-capacity with an eye on closures.
According to HSBC Global Research, that will expose Volkswagen and Renault, although BMW and Volvo shareholders can feel reassured. “Vehicle pricing is still elevated — despite the supply constraints that caused the sharp uptick in vehicle prices in recent years having faded — and does not show signs of a major downward revision in the near-term. Meanwhile, the EV market is also losing momentum. We now forecast the full-year result to only just eclipse 2023,” it said.BMI, a Fitch Solutions company, expects sales in the overall European market to slow to a growth of 4.6% in 2024 to 19.3 million. In 2023, sales rose 19.
Car Sales Over Capacity VW Renault BMW Volvo Globaldata BMI IFO Institute
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Nissan GT-R return likely in European sports car pushJapanese firm's go-faster arm will use electrification to offer cars in markets restricted by tight emissions rules
Les mer »
HSBC sees a buying opportunity in this European luxury car stockHSBC sees a buying opportunity in this European luxury car stock
Les mer »
Road rage car-to-car shooting on I-80 in Placer County leaves 2 hurtAuthorities say the car-to-car shooting along Interstate 80 near Auburn Friday night that left two people hurt is an isolated incident.
Les mer »
Cadillac’s V-Series goes electric with Opulent Velocity conceptCAR magazine UK reveals details of the Cadillac Opulent Velocity concept car
Les mer »
Why car insurance is still so expensive even as car prices are droppingShopping around for a car? You’re in luck. Shopping around for a new auto insurance policy? Better buckle up.
Les mer »
Car seat safety: How to make sure your car seat is correctly installedProperly using a car seat is the best way parents can prevent car-related injuries in their young children. Texas Children's Hospital joins KPRC 2 News Today at 10 to share how to properly install a car seat.
Les mer »