Il Automotive sector has been in crisis for some time, the result of which is Structural problems and hasty choices made by the EU, which chose to focus on electrics over China. There The tariff war started in Brussels. It represents the most obvious example of some against Chinese producers and is not good for trade relations. And when they still arrive in Europe. Negative data from registration On cars, we are already watching with concern the quarterly results from the main European manufacturers. What to expect a week after the third quarter accounts are published?
Registration data confirms the crisis.
Registration of new cars In Europe they fell to 6.1 percent in September, following an 18.3 percent decline in August. The result is a negative sales trend in three major European markets: France (-11.1%), Italy (-10.7%) and Germany (-7%), While a positive figure was recorded. Spain (+6.3%).
The nine-month data is not convincing, as the market shows little change (+0.6%) despite only reaching the 8 million vehicle mark, the result of good market performance in Spain (+4.7%) and Italy (+2.1). %) which countered declines in France (-1.8%) and Germany (-1%).
Sales of electric cars i am A 9.8 percent increase to 139,702 units in September 2024. However, the market size Date of the year It still was 5.8% less Compared to the same period last year, the total market share fell from 14% to 13.1%, with a significant decrease recorded in Germany (-28.6%).+
Crisis of Stellantes
Negative moment of Stellar This is not a mystery. The Turin car maker has already figured it out. A negative forecastannouncing a cut in guidance for the current year and a drop in deliveries of nearly a fifth. Just over a week ago, the group announced that Steady deliveries in the quarter Closing was estimated on September 30, 2024. 1.148 million units, down 20% Compared to the same period in 2023. A figure that dwarfs the dire performance in North America, where deliveries fell by nearly 170,000 units, and in Europe, where deliveries fell by nearly 100,000 units compared to the same period last year. has occurred
The Stellantis crisis is complete, after CEO Carlos Tavares At a hearing he explained that without any incentive The electric car is not competitive. And airy possible dismissal, Because of which the unions rose. Firm in their positions Minister Bear Who, before the Assolombarda audience, made it clear that the company must play its part and called for a meeting. Specific table To get to the heart of the requests that the Italian system unanimously made to Stellantis.
Expectations on accounts
There is currently little hope for the quarterly results, which the group will publish on October 31. Predictions Third quarter results Hint for Stellantis a. Turnover fell to 35.5 billion euros.That compares with 45.1 billion in the same period in 2023.
Stellantis also cut its 2024 revenue guidance. Reflecting strong initiatives needed to address performance issues in North America and deterioration in global industry dynamics. Now look now The margin Adjusted operating between 5.5% and 7%Down from previous “double digits”, while free Cash Flow Industrial A range is expected. Between -5 and -10 billion Compared to the previous “positive”.
Number of competitors
As a major competitor, the situation is far from rosy, even since Volkswagen is in crisis in this sector. And at least plan 15 thousand layoffs and closure of some production sites. forecast for Quarterly Hint a EPS 4.44 euros That compares with the previous 7.76 euros. The revenue volume is 75.81 billion. 78.845 billion compared to last year. Volkswagen also cut its guidance for 2024 and expects a profit margin of around 5.6%, compared to previous estimates of 6.5-7%.
As RenaultI’m a French car manufacturer Third quarter dRevenue volumes should be reported in the order of 10.71 billion euros, Which I compare to last year’s 10.51 billion.
