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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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European new car sales fall by 17.6% year-on-year in August - ACEA

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09/17/2020 | 02:08am EDT
FILE PHOTO: Vauxhall cars are transported on a lorry in Luton, Britain

European car registrations dropped in July and August but not as steeply as in previous months, industry data showed on Thursday, pointing to a slow recovery in Europe's auto sector that was hit hard by the coronavirus crisis.

In July, new car registrations dropped by 3.7% year-on-year to 1,281,740 vehicles in the European Union, Britain and the European Free Trade Association (EFTA) countries, statistics from the European Automobile Manufacturers' Association (ACEA) showed.

Sales fell by 17.6% in August to 884,394 vehicles, when all countries in the region, except Cyprus, recorded losses compared to the previous year. Registrations in Germany and France fell sharply while they edged down in Italy, the data showed.

That came after bigger declines in sales of 24.1% in June and 56.8% in May.

Volkswagen Group's sales decreased by 24.2% in August, while Renault and PSA Group reported drops of 22.8% and 19%, respectively.

Luxury automaker BMW posted a 6.3% rise in registrations while rival Daimler's sales declined by 17.4%.

In the first eight months of the year, sales dropped by around a third as the coronavirus lockdown forced carmakers to close showrooms across Europe.

(Reporting by Riham Alkousaa; Editing by Michelle Adair)

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG -1.65% 63.74 Delayed Quote.-12.85%
PEUGEOT SA -4.35% 15.49 Real-time Quote.-27.28%
RENAULT -4.03% 22.635 Real-time Quote.-46.34%
VOLKSWAGEN AG -3.83% 141.98 Delayed Quote.-19.44%
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Financials
Sales 2020 95 568 M 113 B 113 B
Net income 2020 2 770 M 3 281 M 3 281 M
Net cash 2020 17 395 M 20 599 M 20 599 M
P/E ratio 2020 14,9x
Yield 2020 2,03%
Capitalization 41 190 M 48 866 M 48 777 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,24x
Nbr of Employees 133 778
Free-Float 57,3%
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 67,44 €
Last Close Price 63,74 €
Spread / Highest target 88,3%
Spread / Average Target 5,81%
Spread / Lowest Target -45,6%
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NameTitle
Oliver Zipse Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
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HONDA MOTOR CO., LTD.-15.68%43 227