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Europe Car Sales Surge 63% in March, Erasing Earlier Decline

Europe Car Sales Surge 63% in March, Erasing Earlier Decline
Bloomberg
1 day ago
(Bloomberg)
Europe’s auto sales soared last month from a depressed level a year ago, making up for a dismal start to the year even as virus-related restrictions persisted in key markets.
New car-registrations rose 63% in March, the European Automobile Manufacturers’ Association said Friday. The gains erased an early-year decline to leave sales up 0.9% for the quarter.
While automakers are benefiting from easy comparisons to a year ago, when countries were locking down to contain the spread of Covid-19, last month’s sales stack up well even relative to pre-pandemic. The 1.39 million vehicles registered was the highest since June 2019. ....

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Best and Worst Performing ETFs in March

Best and Worst Performing ETFs in March
morningstar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.co.uk Daily Mail and Mail on Sunday newspapers.

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Europe Car Sales Slump Drags On With Worst February Since 2013

Mar 18 2021, 1:45 AM
March 17 2021, 12:30 PM
March 18 2021, 1:45 AM
(Bloomberg) Europeâs automakers are shrugging off depressed sales at home as investors take a more bullish view of their electric-vehicle prospects.
(Bloomberg) Europeâs automakers are shrugging off depressed sales at home as investors take a more bullish view of their electric-vehicle prospects.
The Stoxx 600 Automobiles & Parts Index climbed Wednesday to an almost three-year high even after the industryâs trade group reported worst February for new-car registrations since 2013. Volkswagen AG and BMW AG led gains, with the latter joining the former in laying out more details about its EV ambitions. ....

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Market Rollercoaster Continues As Global Markets Rebound From Tuesday Rout

by Tyler Durden
Wednesday, Mar 03, 2021 - 08:01 AM
Once again market sentiment has reversed violently - or rather the opposite - overnight, with yesterday s late day spoo slump inspired by the short squeeze in Rocket Mortgage - which forced hedge funds to liquidate their best positions - being faded and on Wednesday Emini futures jumped 0.6%, global shares gained with European indexes echoed positive moves in Asia, as a recent retreat in Treasury yields fuelled demand for riskier assets. even though the 10Y has rebounded 5bps to 1.45% overnight as focus again turned back to the stimulus-fueled recovery from the pandemic. The MSCI world equity index gained 0.4% while oil halted its longest losing streak since December. ....

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10 Best Auto-Part Stocks To Buy For 2021

10 Best Auto-Part Stocks To Buy For 2021
In this article we will talk about the 10 best auto-parts stocks to buy for 2021. The automotive aftermarket industry is going through interesting times. People are fixing up their old cars to avoid public transport amid the coronavirus crisis, resulting in an increased demand for car parts. Even though the car parts industry wasn’t safe from uncertainty and losses in 2020, the new year could bring in huge opportunities for long-term investors. Click to skip ahead our discussion and see the
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Like every industry the automotive aftermarket sector has experienced a bumpy ride in 2020 amid the coronavirus crisis. In the beginning the industry got hammered after vehicle miles traveled (VMT) dropped across the country, resulting in a steep decline in auto parts demand. Restricted movement in all states also resulted in less usage of personal vehicles, fewer collisions and limited customer spending on new auto parts. Vehicle sale ....

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