The prevailing lack of semiconductors continues to affect the daily business of the automotive industry. While Hyundai, Tesla and Toyota can increase their delivery numbers in the first three quarters over or even about the pre-Corona level of 2019, corporations such as Renault, Volkswagen, General Motors, Daimler and Ford are more struggling with the chip scarcity. Overall, the Group profits (EBIT) recover without exception significantly clearly from the previous year and achieve in the course of production relocation on marginal vehicles on unprecedented record values. These are the central results of the current automotive management study of the Center of Automotive Management (CAM), which regularly analyzes the market and sales trends of global car manufacturers.
The sales figures of the selected global automotive companies have developed very heterogeneogs within the first three calendar quarters of the year 2021 compared to the two previous years. Overall, the sample from ten manufacturers recorded a decline in sales of 12.7 percent compared to the pre-crisis level of 2019, which corresponds to general development on the global automotive markets. While Tesla (+97 percent), Toyota (+19 percent) and Hyundai (+19 percent) to increase their vehicle sales compared to the pandemeal year 2020 very significantly and to build on the figures of 2019, producers such as Volkswagen (+3 percent), General Motors (+2 percent) and Daimler (+1 percent) either almost stagnating or in the case of Ford (-4 percent) even declining paragraphs compared to 2020. It turns out that some car manufacturers come up with the semiconductor deficiency caused by the Corona crisis than others.
Toyota, thanks to strong quarterly numbers with almost 7.9 million vehicles (cars and light commercial vehicles) from January to September 2021 compared to Volkswagen with only 6.5 million units sold units, claim and almost the sales level of 2019. Hyundai can sell even more cars despite the chip crisis than in the same period of 2019. With a sales of now 5.4 million vehicles, the Hyundai Group overtakes the US competitor General Motors. GM can sell only around 4.8 million units by the end of September 2021, which is only slightly above the pandemeal year 2020.
The Grand Group Stellantis created from the merger of Fiat Chrysler and PSA achieves 4.3 million deliveries in the first three calendar quarters and is therefore 15 percent above the Corona’s crisis year 2020, but remains significantly below the level of 2019. Among the German premium manufacturers, BMW relies more vehicles with 1.9 million cars than before the Corona crisis 2019 and can therefore prevail over his core competitor Daimler (1.7 million units). The US manufacturer Tesla emerges as a sales winner from the two crisis years and builds on the previous growth with a doubling of the delivered vehicles at now around 630.000. For the full year 2021 Tesla could deliver its deliveries to 900.Increase 000 cars, so the cam.
The financial results of the global car manufacturers revealed after three calendar quarters that the crisis year 2021 is expected to be a new record win year in the history of the automotive industry. Thus, the Ten OEMs considered from January to September 2021, around 96 billion euros already as much gain (EBIT) as the 20 largest manufacturers in the entire calendar year 2019 (about 95 billion euros). The existing semiconductor crisis and the persistent risk of raw materials ensure high-volume vehicles in this context for a production shift. At the same time, most manufacturers have significantly improved their cost situation, especially because of the high customer demand hardly promotions (esp. Discounts).
“The automotive industry currently shows strikingly schizophrenic trains”
With a consolidated result of converted 18.7 billion euros, the Japanese Grand Group Toyota generates the highest profit, followed by the German manufacturers Daimler (14.5 billion euros, + 624 percent) and Volkswagen (14 billion euros, + 724 percent). Tesla achieved a negative EBIT from converted 62 million in 2019, but can prevail after three quarters in 2021 with a profit of around 3.3 billion euros compared to a traditional company such as Renault Group (2.8 billion euros). The sales of CO2 certificates have a share of approx. 14 percent in the 3. Quarter 2021 only marginal effects on the consolidated result of the US electric autobauer.
The record gains of the global car manufacturers also show themselves in very high profit margins. In the considered corporations, the average EBIT margin has increased from 0.2 percent to 9.0 percent in the current viewing period after three calendar quarters of 0.2 percent in 2020. Even in the pre-corona year 2019, the average profit margin of the ten OEMs was only 4.8 percent.
The highest gains before taxes and interest compared to Group sales generate BMW (12.5 percent), Stellantis (11.8 percent) and Tesla (11.5 percent). While Daimler (10.9 percent) and Toyota (10.4 percent) are still just above this year’s average, the US GROUPS FORD (8.9 percent) and General Motors (8 percent) easily and Volkswagen (6.7 Percent) significantly below. Hyundai is the only group in addition to Tesla, which could continuously increase its margin across all three periods, although the provisional business result is below average. Although the Renault Group can significantly improve its negative margin from the same period of the previous year, but with estimated 2.8 percent, but continues to be the low-performers.
For the full year 2021, the CAM expects record gain in the industry. The 19 most important car manufacturers came to an EBIT of 95 billion euros in 2019, while in 2017 the highest industry gain of 109.9 billion euros has been achieved in 2017. The current year, according to CAM, is highly probably the best year in the automotive history with well over 120 billion euros profit.
“The automotive industry currently shows strikingly schizophrenic trains: On the one hand, the vehicle production and the automotive deployment sector flows through chip crisis and raw material deficiency. In Germany alone, car production is 36 percent until the end of October 2021 under the pre-pandemea year 2019, “says Study Manager Stefan Bratzel. “On the other hand, manufacturers can enforce high prices for their new and used cars, which leads partly to double-digit returns. After winning, 2021 becomes the best year in the annals of the automotive industry.”
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2 thoughts on “Hyundai, Toyota & Tesla on pre-Corona level, auto industry on record course”
Vlt. If you look now, who really indicates the sound in the scene, instead of justifying? How strong is the well-tried greenwashing involved in these e-mobile?
Quietly become. Remember some people, how complex and extensive the problems are? I thought you just need to put as large batteries as big as possible to put cars as possible and driving cars for the purpose and already saved the earth? Apparently this was a mistake. Suddenly one realizes that these BEVs are only a fraction of the problem. Vlt. Should one think about it to save energy efficiently? https: // youtu.BE / BIIQ9RVVMYW