Volkswagen Group, Norwegian parts supplier Kongsberg and British car retailer Vertu Motors were the best performers in terms of delivering value to their shareholders during the final quarter of 2017. The automotive sector as a whole, however, had mixed results.
The latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices shows a marked slowdown, and in some cases reversals, of the gains enjoyed by Europe's automakers, parts suppliers and car retailers in Q3, when all categories were up more than 11 percent.
VW stood out among automakers with a 17.9 percent gain. An upgraded 2017 earnings forecast in November lifted the shares for the first time above the level they had been before the company’s diesel-emissions cheating scandal broke in September 2015. Many analysts also said they anticipate further gains in share price, supported by an anticipated substantial dividend increase in Q1 2018.