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Discussion Starter #1 (Edited)
Bloomberg
William Wilkes 31 mins ago



(Bloomberg) -- Car sales in Europe slumped to a record low for January as coronavirus lockdowns again shook the continent’s biggest markets.

New-vehicle registrations plunged 26% to 842,835, the European Automobile Manufacturers’ Association said Wednesday, cutting short a reprieve of smaller declines toward the end of last year. Spain led the drops among major markets with a 52% fall, while sales in Germany fell by almost a third.

Shuttered showrooms and hesitant consumers are plaguing automakers which also are fighting production outages due to a worldwide shortage of semiconductors. Many manufacturers’ earnings are being rescued by resurgent demand from China, with Volkswagen AG and BMW AG among those posting better-than-expected preliminary earnings.

Carmaker stocks were mostly lower in early European trade. In Frankfurt, BMW fell as much as 0.8% and Volkswagen dropped as much as 1%. Stellantis NV, formed from the merger of Fiat Chrysler and PSA Group, fell 1.1% in Milan.

“In one line: Hit by one-off factors, but fundamentals don’t look good,” said Claus Vistesen, economist at Pantheon Macroeconomics Ltd. He expects more stringent credit standards, a worsening job market and uncertainty over the strength of the economic recovery to cap sales during the first half of this year.

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Very sad to see Stellantis Groups Opel/Vauxhall EU market share drop from 4.3% in January 2020 down to 3.8% in January in January 2021 with just 27,879 sales in Europe, when GM handed over the Opel Group keys to PSA they had 6.2% market share in Europe.

Opel Group when they had Chevy were always No3 or No 4 biggest Car Group in the Europe. In January 2021 Opel Group with just 27,879 sales in the EU are sitting just above Volvo & Jaguar/Land Rover Group low volume sellers, If Opel were a standalone Group today they are sitting the No 9 biggest car group they really are getting destroyed by Stellantis management in Europe.

Stellantis Group Sales January 2021.
Peugeot 56,641 ‐17.5% (Market Share 7.8% up +0.6%)
Fiat 32,627 ‐26.6% (Market Share 4.5% down -0.1%)
Citroen 30,039 ‐32.3% (Market Share 4.1% down -0.4% )
Opel/Vauxhall 27,879 ‐32.4% (Market Share 3.8% down -0.5%)
Jeep 8,907 ‐11.2% (Market Share 1.2% up 0.2% )
Lancia/Chrysler 4,051 ‐35.2% (Market Share 0.6% down - 0.1%)
Alfa Romeo1,626 ‐46.5 (Market Share 0.2% down -0.1%)

Covid lockdowns millions losing jobs no longer have an income will have to be supported on European benefit systems, some are saving a fortune in bank accounts on furlough no spending it, European Union "climate change no time to waste agenda" $34 billion taxes on EU C02 based fines on European automakers kicked in from January, and the electric car push begins to avoid escape EU CO2 based fine on the ICE all = Worst January Total on Record ever!
 
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Covid lockdowns millions losing jobs no longer have an income will have to be supported on European benefit systems, some are saving a fortune in bank accounts on furlough no spending it, European Union "climate change no time to waste agenda" $34 billion taxes on EU C02 based fines on European automakers kicked in from January, and the electric car push begins to avoid escape EU CO2 based fine on the ICE all = Worst January Total on Record ever!
 

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Discussion Starter #3
and.....

2021 CO2 targets would generate European Union €34 billion euros in penalty payments within Europe
From 2021, manufacturers selling cars in Europe would have to pay an excess emissions premium of €33.6 billion. This is the conclusion of a JATO study based on last year’s averages and the fines set by the European Commission from 2019. If nothing changes in the next three years, be it good or bad, the top auto makers will face trouble as none of them are currently on track to meet the target.


Volkswagen Group would have to pay the largest fine of almost €2,525 per car sold. That comes to almost €9.2 billion. Last year the company posted earnings, after tax, of €12.15 billion. In other words, the penalty would be equivalent to three quarters of its latest annual global earnings.



Just add these European Union C02 fines to your balance sheet at the end of the 2021 financial year.

 
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Good performance by GM on reducing CO2 emissions.

The numbers do explain why Europe is warming up to China. The days ahead look very promising.

 

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Good performance by GM on reducing CO2 emissions.
GM has low emissions in Europe by selling virtually no cars - Chevrolet withdrew in 2013 (apart from handfuls of Corvette), Opel/Vauxhall was sold to PSA in 2017 and Cadillac never manages to sell more than a few.
 

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Is Toyota selling a lot of hybrids in Europe, is that why their "Actual vs. Target" number is so much bette than the other major manufacturers? They're at 7.8 versus say 26.6 for VW. Are other manufacturers looking at increasing hybrids (as well as EV of course)?
 

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John Deere 111 is just one of the many tractor models made by this brand. John Deere 111 is one of the most preferred tractor models. You can read our article to find a John Deere 111 for you.

first way off topic and second one of the worst overpriced "tractor" you could purchase

I see we got a spammer swatted
 

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Or people just can no longer afford new cars
Younger people in the East of Europe could never really afford a new car. As far as the main EU markets are concerned I believe customers still can afford a new car but they are waiting for better times to make a purchase - if someone is afraid of public transport and wants somekind of basic transportation device for yesterday he/she is seeking for sth. used.
 

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Younger people in the East of Europe could never really afford a new car. As far as the main EU markets are concerned I believe customers still can afford a new car but they are waiting for better times to make a purchase - if someone is afraid of public transport and wants somekind of basic transportation device for yesterday he/she is seeking for sth. used.
It’s sad to hear that. Europe acts like a super power but they have lots of problems. It would seem Brussels is not working out for the small guy
 
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