Automobile companies like General Motors Company (NYSE:GM)’ Opel, Ford Motor Company (NYSE:F), Fiat Chrysler Automobiles NV (NYSE:FCAU) and others have delivered growth in registrations in March. This was based on the European Automobile Manufacturers Association data. Following this, the stocks are trading in green in pre-market on Wednesday.
In all, passenger car registrations grew 11.2 percent to reach 1.89 million units in March. This is the biggest growth after May 2016 when registrations jumped 16.0 percent. In the current year, January and February witnessed 10.2 percent and 2.2 percent increase respectively in registrations.
The following companies’ recorded car registrations in Europe in March;
- General Motors’ Open saw 3.3 percent increase in registrations to 130,799 units. However, its share dipped to 6.8 percent from 7.3 percent in the year-ago month.
- Ford Motor witnessed 16.5 percent growth in registrations to 158,368 units. As a result, its share grew to 8.2 percent from 7.8 percent.
- Jaguar Land Rover’s registrations jumped 26.0 percent to 46,047 units. Its market share also advanced to 2.4 percent from 2.1 percent.
- Toyota Motor Corp (ADR) (NYSE:TM) recorded 19 percent increase in registrations to 89,750 units. Its market share also grew to 4.6 percent from 4.3 percent following this.
- Daimler AG (OTCMKTS:DDAIF) saw 12.7 percent growth in registrations to 115,519 units. As a result, its share also rose to 6.0 percent from 5.9 percent.
- BMW (BIT:BMW)’s registrations advanced 8 percent. Following this, its share slackened to 6.7 percent from 6.9 percent.
- Nissan Motor Co Ltd (ADR) (OCTMKTS:NSANY) achieved 18 percent increase in registrations to 92,584 units. Its share also grew to 4.8 percent from 4.5 percent in the prior year period.
- Hyundai Motor (OTCMKTS:HYMLF) recorded 9.3 percent growth in registrations to 60,129 units. Following this, its market share slackened to 3.1 percent from 3.2 percent.