Auto Industry Cyclicality: Difference between revisions

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==== Europe ====
==== Europe ====
* German luxury auto makers BMW and Daimler saw sales slip more than other car companies last year as government cash-for-clunkers programs helped overall sales slow by just 1.6 percent from 2008.<ref>https://www.nbcnews.com/id/wbna31917402</ref>
* It said fleet renewal programs in major markets, especially Germany, helped sales pick up in the final six months of the year following a sharp slump in the first half.
* However, the payments to car buyers encouraged sales of smaller, lighter and more fuel-efficient cars, helping Italy's Fiat Group SpA grow sales by 6.3 percent, France's Renault SA by 3.9 percent and Volkswagen AG — Europe's biggest car maker — by 0.7 percent. Heavier and more expensive models suffered. BMW's sales were down 13.6 percent and Daimler by 13 percent.
{| class="wikitable"
{| class="wikitable"
!Date<ref name=":0">https://www.acea.auto/figure/passenger-car-registrations-in-europe-since-1990-by-country/</ref>
!Date<ref name=":0">https://www.acea.auto/figure/passenger-car-registrations-in-europe-since-1990-by-country/</ref>
Line 568: Line 573:
{| class="wikitable"
{| class="wikitable"
!
!
! colspan="8" |Volkswagen
! colspan="20" |Volkswagen
!General Motors
!
!Ford
!Ford
!BMW
!Mercedes
|-
|-
!Date
!Date
!Revenue (M)
!Revenue (M)
!Y/Y
!Sales (Units)
!Sales (Units)
!Y/Y
!Profit After Tax (M)
!Profit After Tax (M)
!Y/Y
!EPS
!EPS
!Y/Y
!Gross Margin
!Y/Y
!Employees
!Employees
!Y/Y
!Production (Units)
!Production (Units)
!Y/Y
!Net Cash Flow
!Net Cash Flow
!Y/Y
!CAPEX
!CAPEX
!
!Y/Y
!
!Inventories
!Y/Y
!
!
!
!
Line 590: Line 603:
|2005
|2005
|93,996
|93,996
|
|5,192,576
|5,192,576
|
|1,120
|1,120
|2,90
|
|2.90
|
|13.0
|
|344,902
|344,902
|
|5,219,478
|5,219,478
|
|2,391
|2,391
|
|
|4,316
|
|
|12,643
|
|
|
|
Line 604: Line 627:
|2006
|2006
|104,875<ref>https://www.volkswagen-group.com/en/publications/corporate/annual-report-2006-2324/download?disposition=attachment</ref>
|104,875<ref>https://www.volkswagen-group.com/en/publications/corporate/annual-report-2006-2324/download?disposition=attachment</ref>
|11.6%
|5,720,096
|5,720,096
|10.2%
|2,750
|2,750
|145.5%
|7.07
|7.07
|143.8%
|13.2
|1.5%
|324,875
|324,875
| -5.8%
|5,659,578
|5,659,578
|8.4%
|5,631
|5,631
|
|135.5%
|
|3,644
|
| -15.6%
|12,463
| -1.4%
|
|
|
|
Line 618: Line 651:
|2007
|2007
|108,897<ref>https://www.volkswagen.co.uk/assets/common/pdf/annual-reports/annual-report-2007.pdf</ref>
|108,897<ref>https://www.volkswagen.co.uk/assets/common/pdf/annual-reports/annual-report-2007.pdf</ref>
|3.8%
|6,191,618
|6,191,618
|8.2%
|4,122
|4,122
|49.9%
|10.43
|10.43
|47.5%
|15
|13.6%
|329,305
|329,305
|1.4%
|6,213,332
|6,213,332
|9.8%
|7,109
|7,109
|
|26.2%
|
|3,644
|
|0.0%
|14,031
|12.6%
|
|
|
|
Line 632: Line 675:
|2008
|2008
|113,808<ref>https://www.volkswagen.co.uk/assets/common/pdf/annual-reports/annual-report-2008.pdf</ref>
|113,808<ref>https://www.volkswagen.co.uk/assets/common/pdf/annual-reports/annual-report-2008.pdf</ref>
|4.5%
|6,271,724
|6,271,724
|1.3%
|4,688
|4,688
|13.7%
|11.92
|11.92
|14.3%
|15.1
|0.7%
|369,928
|369,928
|12.3%
|6,346,515
|6,346,515
|2.1%
| -2,679
| -2,679
| -137.7%
|6,773
|6,773
|
|85.9%
|
|17,816
|27.0%
|
|
|
|
Line 646: Line 699:
|2009
|2009
|105,187<ref>https://www.annualreports.com/HostedData/AnnualReportArchive/v/OTC_VWAGY_2009.pdf</ref>
|105,187<ref>https://www.annualreports.com/HostedData/AnnualReportArchive/v/OTC_VWAGY_2009.pdf</ref>
|6,309,7433
| -7.6%
|6,309,743
|0.6%
|911
|911
| -80.6%
|2.38
|2.38
| -80.0%
|12.9
| -14.6%
|368,500
|368,500
| -0.4%
|6,054,829
|6,054,829
| -4.6%
|2,563
|2,563
| -195.7%
|5,783
|5,783
| -14.6%
|14,124
| -20.7%
|
|
|-
|2010
|126,875
|20.6%
|7,278,440
|15.4%
|7,226
|693.2%
|15.17
|537.4%
|16.9
|31.0%
|399,381
|8.4%
|7,357,505
|21.5%
|4,835
|88.6%
|5,656
| -2.2%
|17,631
|24.8%
|
|
|-
|2011
|159,337<ref>https://www.volkswagen-group.com/en/publications/corporate/annual-report-2011-2329</ref>
|25.6%
|8,361,294
|14.9%
|15,799
|118.6%
|33.1
|118.2%
|17.6
|4.1%
|501,956
|25.7%
|8,494,280
|15.5%
|1,112
| -77.0%
|7,929
|40.2%
|27,551
|56.3%
|
|
|-
! colspan="21" |BMW
|
|
|-
!Date
!Revenue (M)
!Y/Y
!Sales (Units)
!Y/Y
!Profit After Tax (M)
!Y/Y
!EPS
!Y/Y
!Gross Margin
!Y/Y
!Employees
!Y/Y
!Production (Units)
!Y/Y
!Operating Cash Flow
!Y/Y
!CAPEX
!Y/Y
!Inventories
!Y/Y
|
|
|-
|2005
|46,656
|
|1,327,992
|
|2,239
|
|3.33
|
|
|
|105,798
|
|1,323,119
|
|6,184
|
|3,993
|
|
|
|
|
|-
|2006
|48,999
|5.0%
|1,373,970
|3.5%
|2,874
|28.4%
|4.38
|31.5%
|23.1
|
|106,575
|0.7%
|1,366,838
|3.3%
|5,373
| -13.1%
|4,313
|8.0%
|
|
|
|
|-
|2007
|56,018<ref>https://www.annualreports.com/HostedData/AnnualReportArchive/b/OTC_BAMGF_2007.pdf</ref>
|14.3%
|1,500,678
|9.2%
|3,134
|9.0%
|4.78
|9.1%
|21.8
| -5.6%
|107,539
|0.9%
|1,541,503
|12.8%
|6,246
|16.2%
|4,267
| -1.1%
|
|
|
|
|-
|2008
|53,197
| -5.0%
|1,435,876
| -4.3%
|330
| -89.5%
|0.49
| -89.7%
|11.4
| -47.7%
|118,452
|10.1%
|1,439,918
| -6.6%
|4,471
| -28.4%
|4,204
| -1.5%
|
|
|
|
|-
|2009
|50,681<ref>https://www.annualreports.com/HostedData/AnnualReportArchive/b/OTC_BAMGF_2009.pdf</ref>
| -4.7%
|1,286,310
| -10.4%
|210
| -36.4%
|0.31
| -36.7%
|10.5
| -7.9%
|93,243
| -21.3%
|1,258,417
| -12.6%
|4,921
|10.1%
|3,471
| -17.4%
|
|
|
|
Line 659: Line 918:
|-
|-
|2010
|2010
|60,477
|19.3%
|1,461,166
|13.6%
|3,243
|1444.3%
|1.3
|319.4%
|18.1
|72.4%
|112,271
|20.4%
|1,481,253
|17.7%
|8,149
|65.6%
|3,263
| -6.0%
|
|
|
|
|
|
|
|
|-
|2011
|68,821<ref>https://www.bmwgroup.com/content/dam/grpw/websites/bmwgroup_com/ir/downloads/en/2012/hv/2011-BMW-Group-Annual-Report.pdf</ref>
|13.8%
|1,668,982
|14.2%
|4,907
|51.3%
|2.3
|76.9%
|21.1
|16.6%
|118,865
|5.9%
|1,738,160
|17.3%
|7,077
| -13.2%
|3,692
|13.1%
|
|
|
|
|
|
|
|
|-
! colspan="21" |Daimler AG
|
|
|
|
|-
!Date
!Revenue (M)
!Y/Y
!Sales (Units M)
!Y/Y
!Profit After Tax (M)
!Y/Y
!EPS
!Y/Y
!Operating Margin
!Y/Y
!Employees
!Y/Y
!Production (Units)
!Y/Y
!Operating Cash Flow
!Y/Y
!CAPEX
!Y/Y
!Inventories
!Y/Y
|
|
|
|
|-
|-
|2011
|2005
|95,209
|
|2,061,904
|
|4,215
|
|4.09
|
|3.0%
|
|293,839
|
|2,049,512
|
|11,032
|
|3,445
|
|
|
|
|
|-
|2006
|99,222
|4.2%
|2,072,884
|0.5%
|3,783
| -10.2%
|3.66
| -10.5%
|5.00%
|66.7%
|274,024
| -6.7%
|2,249,973
|9.8%
|14,337
|30.0%
|3,005
| -12.8%
|
|
|
|
|-
|2007
|99,399<ref>https://group.mercedes-benz.com/documents/investors/reports/annual-report/daimler/daimler-ir-annualreport-2007.pdf</ref>
|0.2%
|2,088,973
|0.8%
|3,985
|5.3%
|3.83
|4.6%
|8.80%
|76.0%
|272,382
| -0.6%
|2,238,023
| -0.5%
|7,146
| -50.2%
|2,927
| -2.6%
|
|
|
|
|-
|2008
|95,873<ref>https://group.mercedes-benz.com/documents/investors/reports/annual-report/daimler/daimler-ir-annualreport-2008.pdf</ref>
| -3.5%
|2,072,876
| -0.8%
|1,414
| -64.5%
|1.41
| -63.2%
|2.80%
| -68.2%
|273,216
|0.3%
|2,149,785
| -3.9%
| -786
| -111.0%
|3,559
|21.6%
|
|
|
|
|-
|2009
|78,924<ref>https://group.mercedes-benz.com/documents/investors/reports/annual-report/daimler/daimler-ir-annualreport-2009.pdf</ref>
| -17.7%
|1,385,715
| -33.2%
| -2,644
| -287.0%
| -2.63
| -286.5%
| -1.90%
| -167.9%
|256,407
| -6.2%
|1,456,369
| -32.3%
|10,961
| -1494.5%
|2,423
| -31.9%
|
|
|
|
|
|
|
|
|-
|2010
|97,761<ref>https://group.mercedes-benz.com/documents/investors/berichte/geschaeftsberichte/daimler/daimler-ir-annualreport-2010.pdf</ref>
|23.9%
|1,895,432
|36.8%
|4,674
| -276.8%
|4.28
| -262.7%
|7.40%
| -489.5%
|260,100
|1.4%
|1,940,732
|33.3%
|8,544
| -22.1%
|3,653
|50.8%
|
|
|
|
|
|
|
|
|-
|2011
|106,540<ref>https://group.mercedes-benz.com/documents/investors/berichte/geschaeftsberichte/daimler/daimler-ir-annualreport-2011.pdf</ref>
|9.0%
|2,111,106
|11.4%
|6,029
|29.0%
|5.32
|24.3%
|8.20%
|10.8%
|271,370
|4.3%
|2,137,243
|10.1%
| -696
| -108.1%
|4,158
|13.8%
|
|
|
|
Line 686: Line 1,161:
|
|
|}
|}
==== Volkwagen ====


== 2001 Recession ==
== 2001 Recession ==