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Volkswagen:Quarterly Results/2023 Q2: Difference between revisions
Volkswagen:Quarterly Results/2023 Q2 (view source)
Revision as of 07:58, 25 July 2023
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* According to IFO survey, '''the future expectations of Volkswagen, Mercedes-Benz and BMW declined for the fifth month to -56.9 points in June from -10.3 in May-not far from the 2008 lows of -67.8 points'''<ref>https://www.ifo.de/en/facts/2023-07-05/situation-much-better-german-automakers</ref>. | * According to IFO survey, '''the future expectations of Volkswagen, Mercedes-Benz and BMW declined for the fifth month to -56.9 points in June from -10.3 in May-not far from the 2008 lows of -67.8 points'''<ref>https://www.ifo.de/en/facts/2023-07-05/situation-much-better-german-automakers</ref>. | ||
* The deterioration in the future view is due to competition from Tesla and Chinese competitors, rising interest rates and subdued economic growth in Europe. | * The deterioration in the future view is due to competition from Tesla and Chinese competitors, rising interest rates and subdued economic growth in Europe. | ||
* However, the carmakers’ appraisal of their current situation improved to 37.5 points in June from 28.4 in May. | * However, the '''carmakers’ appraisal of their current situation improved to 37.5 points in June from 28.4 in May'''. | ||
* The indicator for price increases rose to 38.7 points from 25.6 points in May. “These price increases will mainly affect the premium segment and electric vehicles,” Director of the ifo Center for Industrial Organization and New Technologies, Oliver Falck noted. | * The indicator for price increases rose to 38.7 points from 25.6 points in May. “These price increases will mainly affect the premium segment and electric vehicles,” Director of the ifo Center for Industrial Organization and New Technologies, Oliver Falck noted. | ||
* Automotive suppliers rated their current business situation as poorer. The indicator dropped to 32.6 points, down from 41.3 points in May. “Suppliers are suffering from a lack of demand from abroad,” Falck said. Confidence regarding the months ahead is also in short supply. Business expectations slipped to -32.1 points, down from -20.3 points in May," Falk added. | * Automotive suppliers rated their current business situation as poorer. The indicator dropped to 32.6 points, down from 41.3 points in May. “Suppliers are suffering from a lack of demand from abroad,” Falck said. Confidence regarding the months ahead is also in short supply. Business expectations slipped to -32.1 points, down from -20.3 points in May," Falk added. | ||