#October2012
Best Selling Cars Around The Globe: World Roundup October 2012
Yes it is that time of the month, the time for our acclaimed monthly rendezvous: the World Roundup, now in its 8th installment.
Last month the Ford Focus’ success in China made the headlines, and in October it does again…but the heat is also on in Japan and Austria…
Volkswagen Accelerates In October, But Won't Unseat GM
Despite a tough situation at home, the Volkswagen Group continues to power ahead in the global markets. Volkswagen increased its global sales by 14.6 percent in October. For the year, Volkswagen delivered 7.5 million units worldwide, up 10.2 percent. In China, Volkswagen is nipping at GM’s heels, but does not seem to be able to overtake the General.
Europe In October 2012: Down Some More
The battered European new car market continues its drive into the netherworld, but the speed of descent has lowered a little. According to data compiled and released by the European manufacturers association ACEA, 959,412 passenger vehicles were registered in October, 4.8% less than in October last year. It looks like the year will end with some 12 million cars sold, a level the EU 27 hasn’t seen since it existed.
China In October 2012: Getting Tired, Market Flat
End of October, China’s formerly white-hot auto industry basically is where it was last year. January through October, production of cars and commercial vehicles is down 0.42 percent, sales are up 0.19 percent, the China Association of Automobile Manufacturers CAAM says.
Mercedes Down In China, Audi Up
Here is one car company that didn’t profit from Japan’s losses in China: Mercedes sales in China were down 3.9 percent to about 15,900 units in October, Reuters says. Daimler blamed the “very strong” sales of October 2011.
GM's China Sales Up In October
GM shows new vigor in its largest market China. October sales across all of GM’s Chinese joint ventures were up 14.3 percent on an annual basis. The Chinese market is of increasing importance for GM. In the first 9 months of the year, 30 percent of GM’s global sales were in China, trailed by the U.S. with 28 percent of GM’s global business.
Germany In October 2012: Up Slightly, But Not Really
Germany’s new car market was up 0.5 percent in October. What looked like bucking the European downtrend was quickly discounted by market observers who noted that October had two more working days than October last year. Taking this into account, Germany is down with the rest of Europe. Meanwhile, sales in France dropped 7.8 percent, and those in Spain are down a gutwrenching 21.7 percent.
Grade The Analysts: Banker Blows Away Super-Sandy
Super-Sandy rained into the sales plans of automakers and destroyed the predictions of America’s best analysts. All, except one: Rod Lache, Deutsche Bank’s star automotive analyst.
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