Renault, Fiat and BMW show high double-digit gains in August

Article by Christian A., on August 26, 2010

Would it surprise you to know that Renault, Fiat and BMW made high double-digit gains in European car production last month? It appears that government incentives did make a tremendous improvement on sales. J.D. Power Automotive Forecasting reports that Renault raised production 78.1% to 49,145 units.

The Twingo was most in demand, for which output rose 82.3% to 9,906. As Fiat moved to satisfy demand for the Doblo and New Fiorino vans, its production went up 62.7% to 40,645 units.

BMW increased production 38.1% to 43,837 units largely due to rising orders for the 5 series. Meanwhile, the output of Citroen, Peugeot, Ford, Skoda and Toyota also increased by double digits in August while Volkswagen brand's production rose 4.4% to 128,744.

While these are significant gains, overall production could not be prevented from slipping 14.4% to 790,156 units in August. It's a bit of a comfort though that this was the second-smallest year-on-year loss in 2009.

It was in July when the smallest year-on-year loss was recorded when car output slipped 11.4% to 1,476,041 units. For western and eastern Europe including Russia and Turkey , the production during the first eight months of the year was down 27.0% to 9,547,895 units.

This year's production low point came in February when output slipped 39.7% to 1,070,474 units. Interestingly, the steep decline was observed right before the launch of scrapping incentives in the five major European markets. Since then, production numbers have been readily improving since governments started offering incentives of up to 5,000 euros to get people to trade in their old cars and replace them with new, more fuel-efficient models.

Topics: renault, fiat, bmw, sales

If you liked the article, share on:

Comments

Recommended

The next generation Volvo XC60 will be soon on its way to dealerships and customers as the Swedish carmaker has already commenced production of the mid-sized sports utility vehicle at...
by - April 30, 2017
In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries