Market Overview

Sterne Agee On European Auto Market


In a report published Sunday, Sterne Agee CRT analyst Michael Ward presented figures for vehicle registrations in Europe. Preliminary data, according to him, has vehicle registrations down 2 percent in the month of May.

This decline, however, is expected, given that last month had two fewer selling days than April. Total vehicle registration for the year is up 2 percent after five months of 2015.

An East-West Divide

Ward's data shows that vehicle registrations in western Europe actually increased by 1 percent in May, but this gain was more than offset by the 14 percent decline in eastern Europe, including a 38 percent drop in Russia.

Ward says that a 7 percent increase in vehicle registrations for the year in western Europe has also been balanced out by a 16 percent hole in the eastern portion of the continent.

Wards points out that western European registrations have increased year-over-year in each of the past 21 months. Meanwhile, he says that eastern European registrations have fallen in 16 of the past 17 months, with double-digit declines in each month this year.

Within western Europe, the most encouraging signs to the analyst came from the U.K., where registrations jumped by 4 percent despite fewer selling days and are up 8 percent for the year. The U.K. has the richest mix in the auto industry according to Ward, and the British market is particularly important for American manufacturers.

In another large western European market, Germany, vehicle registrations were down 7 percent in May, yet still up 4 percent for the year.

Ford Motor Company (NYSE: F), Fiat Chrysler Automobiles NV (NYSE: FCAU) and General Motors (NYSE: GM) have all been trading down today.

Latest Ratings for F

Nov 2020Morgan StanleyDowngradesOverweightEqual-Weight
Nov 2020UBSMaintainsNeutral
Nov 2020JefferiesMaintainsBuy

View More Analyst Ratings for F
View the Latest Analyst Ratings


Related Articles (F + FCAU)

View Comments and Join the Discussion!

Posted-In: Michael Ward Sterne Agee CRTAnalyst Color Economics Analyst Ratings

Latest Ratings

APENPiper SandlerUpgrades5.0
PTCTRBC CapitalDowngrades45.0
VRTXRBC CapitalUpgrades267.0
MGYMKM PartnersDowngrades7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at