Shareholder value growth slowed considerably for automakers in the first three months of 2017 but improved for partsmakers and car retailers. The latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices show that automakers grew just 2.3 percent, compared with gains of 11 percent in Q3 and 15 percent in Q4 of last year. Meanwhile, suppliers gained 12.5 percent in Q1 compared with a 3.4 percent rise in the last quarter of 2016 and retailers were up 13 percent (5.2 percent in Q4).
PSA gains 22%
The star performer in the quarter was PSA Group, which had a 21.8 percent increase in shareholder value. The automaker's stock price benefited from news that it has struck a deal with General Motors to buy its Europe brands, Opel and Vauxhall, for $1.3 billion and GM Europe's financial operations for $900 million.
For the second consecutive quarter Fiat Chrysler delivered a strong performance, following up its Q4 2016 gain of 53.4 percent with an increase of 18.3 percent in Q1 this year. This comes in the wake of rising speculation – fueled largely by comments from Fiat Chrysler Automobiles CEO Sergio Marchionne – about a possible tie-up between FCA and Volkswagen Group.