Europe's automakers, suppliers and retailers rebounded in the third quarter after a dismal six-month stretch for their shareholder values, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.
All of Europe's publicly traded vehicle manufacturers recorded gains in the third quarter, resulting in a 11.3 percent rise in shareholder value for the sector after declines of 12.4 percent in Q1 and 13.1 percent in Q2. The shareholder value of parts suppliers increased by 14.1 percent in Q3 while retailers were up 2.2 percent.
The gains in the auto sector reflect, in part, an overall improvement in European investor sentiment over the same period. Germany's DAX 30 was up 8.6 percent in the quarter, the French CAC 40 gained 5.2 percent and, despite the outcome of the Brexit vote, the UK's FTSE 100 was up 7.1 percent.