The profit rankings of the four largest car companies in Europe are released! BMW overtakes Volkswagen as number one

Affected by the downturn of the global auto market last year, the production and sales of major global car companies have been affected to some extent, and the overall profitability has also been affected to some extent.

Recently, as the 2019 financial reports of several major European car companies have come out one after another, the true level of their performance last year has also revealed its true colors. And these four major auto companies have seen year-on-year growth in terms of revenue, which is limited by the overall environment of the auto market.

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In terms of net profit, it is surprising that the BMW Group, which has less than 1/2 of the Volkswagen Group's revenue, actually ranks first among Volkswagen with a net profit of 5.022 billion euros.

Specifically, the BMW Group's annual revenue was 104.2 billion euros, a year-on-year increase of 7.6%, ranking third among the four largest car companies. However, its net profit reached 5.022 billion euros, a year-on-year decline of 29.8%, ranking first. However, the BMW Group also exposed a number of hidden dangers. Last year's net profit fell by 29.8% year-on-year, far exceeding the industry average.

In terms of Volkswagen Group, although the number of new car deliveries and revenue last year ranked first among European car companies, the net profit of Volkswagen Group shrank a lot due to the impact of the diesel “emissions gate”. Moreover, the energy and financial costs that Volkswagen needs to pay for this event will further increase.

At present, PSA (Peugeot Citroen Group) market in China has gradually shrunk to the order of imported cars. However, in the European base camp, PSA still showed good competitiveness.

PSA achieved a net profit of 3.2 billion euros, an increase of 13% year-on-year, and is the largest year-on-year increase in net profit among the four major car companies. This also shows that PSA Group is erupting in good competitiveness in the emerging intelligent and electrified market.

The Daimler Group, although second only to the Volkswagen Group in terms of revenue, has luxury brands such as Mercedes-Benz, which are highly profitable. However, net profit was at the bottom of the four largest car companies, only 2.709 billion euros.

The main reasons for the poor net profit are the impact of the "diesel emission gate", the increase in litigation costs, and the excessive investment in research and development last year.

In addition, affected by the epidemic, all major car companies in Europe are facing forced shutdowns and production shutdowns, and no specific timetable for resuming work has been provided by individuals or institutions. This will also have a huge impact on the European automotive industry.

According to the latest data from market research institute IHS MARKIT, global auto deliveries this year may drop by more than 12% from last year to 78.8 million units. Among them, the European market will decrease by 1.9 million units, a decrease of nearly 14% year-on-year.

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