Monthly Update - Automotive Sales in August
According to Automotive Distributors’ Association (ODD) data, auto market contracted by 5% YoY to 58,454 units in August 2021 (August 2020: 61,533). Passenger cars were flattish by 1% YoY, and LCV sales declined by 20% YoY. TOASO’s sales declined by 23% YoY to 10,663 units. TOASO’s PC sales were down by 28% YoY, and its LCV sales were down by 14% YoY. TOASO’s market share were up to 18% in August, compared to 15% in July.
FROTO’s sales declined by 52% YoY to 4,132 units. FROTO’s PC sales were down by 41% YoY, and its LCV sales were down by 57% YoY. FROTO’s market share were down to 7% in August, compared to 10% in July.
DOAS’s sales declined by 32% YoY to 8,326 units. DOAS’s PC sales were down by 33% YoY, and its LCV sales were down by 24% YoY. DOAS’s market share were down to 14% in August, compared to 20% in July.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
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