European automakers, suppliers and retailers experienced mixed fortunes in the second quarter of 2014, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices. Automakers remained in positive territory, up 2.3 percent for the quarter, although this was half the 5.2 percent growth achieved in the first three months. Suppliers, however, fell back into negative territory for the first time in eight quarters, down 0.7 percent, and retailers saw a decline in quarterly shareholder value for the first time in 10 quarters, down 6.3 percent.
Peugeot stays on top
For the fourth-consecutive quarter Peugeot was the top-performing European automaker, although with a much reduced growth rate of 8.0 percent this time. The French company revealed its new strategic plan in April, promising a return to profit by 2018. Models such as the new-generation Peugeot 308, have helped give it a boost in Europe, where the automaker expects overall new-vehicle sales to rise 3 percent this year.
Commenting on the trends for automakers revealed by the latest ANE/PwC Transaction Services Shareholder Value Indices, Jason Wakelam, PwC Automotive Transaction Services Partner, said “The European economy continues to improve, albeit slowly. While overall Q2 growth is lower than that seen in Q1, it is still significantly up on the prior year. The UK and Germany continue to lead the way.”