Suppliers were the winners in the final quarter of 2009 thanks to Norway's Kongsberg Automotive Holding ASA and France's Valeo SA. The shareholder value for European partsmakers increased 7.30 percent in the fourth quarter, according to the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Index. The quarter was not as kind to automakers and dealers. Automakers declined 4.91 percent while dealers fell 23.47 percent. All three groups of automotive stocks were beaten in Q4 by the Dow Jones Industrial Index -- up 9.76 percent -- and the UK's FTSE 100, which rose 9.53 percent.
“Although 2009 was a bad year, industry volumes are expected to fall further in 2010,” said Jason Wakelam, leader of PwC UK's Automotive Transaction Services. “What is unclear is whether this is fully factored into current share prices.”