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:

Pin It

Comments

Recommended

To the proud owners and owner-to-be of the Porsche 991 Carrera GTS, there's good news for you all. German automobile manufacturer Porsche recently confirmed to the public that the Porsche...
by - March 23, 2017
McLaren diehards, this is the moment that you're all waiting for. The British automaker recently publicized the teaser outline of its new automobile that will hit the streets soon, dubbed...
by - March 23, 2017
PSA seems very confident about conquering the world. The purchase of Opel/Vauxhall for €2.2 billion ($2.3B) from General Motors makes PSA the second largest car company, just behind the Volkswagen...
by - March 23, 2017
Reporting for duty. It’s been a year since the Victoria Police was loaned a new Mercedes-AMG GLE 63 S Coupe. In those 12 months, the coupe served as the law...
by - March 23, 2017
After making its debut at the Paris Motor Show last year as a concept car, the Trezor by Renault managed to bring home the 2016 Concept Car Design Of The...
by - March 23, 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