/ News, Other / Shares of European Automakers Might Drop 29% This Year

Shares of European Automakers Might Drop 29% This Year

Linked In Share
Shares of European Automakers Might Drop 29% This Year

According to analysts at HSBC Holdings, European automotive shares might fall 29% this year, if a five-year trend line isn’t broken.

Murray Gunn, head of technical analysis at HSBC in London, said that since the beginning of the year the price chart for the Stoxx 600 Automobiles & Parts Index has created a pattern called a rising wedge, in which higher peaks and higher lows are converging. This pattern indicates that the gauge of automakers will not succeed in surpassing a trend line which connects its intraday peak at the end of 2007 with the highest level reached in 2011.

“There is a strong resistance zone between 370 and 386,” Gunn said. “A failure at this resistance zone, confirmed with a break below 352, would be bearish and target the June 2012 low of 261 in the first instance.”

Yesterday, January 22nd, the Stoxx 600 Automobiles & Parts dropped 0.4% to 365.1 in London. After the European Central Bank presented its plans to purchase the bonds of the most indebted member states in the euro area, the gauge increased 36% in 2012.

by Ana Cezara Savin (my Google+) - Wednesday, January 23rd, 2013 - filed under News, Other. Image credit: .
Linked In Share
Related Articles
automakers europe fall gauge shares


Discuss: Shares of European Automakers Might Drop 29% This Year

2 Responses to “Shares of European Automakers Might Drop 29% This Year”

  1. JJJoseph says:

    If the European car makers would make something that people want, something other than 600hp SUVs, $40,000 hybrid econoboxes, and e-cars that nobody wants, then maybe their sales might improve.

  2. Whogivesafuk666 says:

    Well the auto industry should follow the economy we get paid so make the cars cheaper but better quality that way it's worth it and people feel safe about driving it with their entire family inside.

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMAThe aftermarket specialists from Vorsteiner have officially announced the official introduction of the BMW M4 Special Edition ...
Another Ferrari LaFerrari is up for sale
Another Ferrari LaFerrari is up for saleAnother unit of the impressive Italian hybrid supercar Ferrari LaFerrari is up for grabs, this time in the United Arab ...
Takata debacle puts GM’s mishaps under the shade
Takata debacle puts GM’s mishaps under the shadeThe year started off incredibly hard for General Motors, after a February recall that led to lawsuits, a total rethink of the ...
2015 Ford Everest to be unveiled in November
2015 Ford Everest to be unveiled in NovemberThe North American based automaker Ford is planning to officially pull the wraps off the 2015 Everest in mid-November. The 2015 ...
Three new Scion Concept cars going to SEMA
Three new Scion Concept cars going to SEMAScion has announced its plans to introduce no less than three new concept cars at the upcoming 2014 SEMA Motor Show. First up ...
US: October sales expected to remain strong
US: October sales expected to remain strongThe news are gloomy again, with huge swings on global stocks and threatening headlines about a new economic crisis, but US auto ...
Meet the AeroMobil 3.0 – a functional flying car
Meet the AeroMobil 3.0 – a functional flying carThe Slovakian based company called AeroMobil has officially unveiled the third generation of its flying car, named suggestively ...
US: Dodge restarts production of the 2014 Viper SRT
US: Dodge restarts production of the 2014 Viper SRTThe Viper was resurrected in 2012, but the manually fabricated American take on the supercar had a slow start – the price ...
Kia Ultimate Karting Sedona going to SEMA
Kia Ultimate Karting Sedona going to SEMAKia has officially pulled the wraps off its newest creation, the Ultimate Karting Sedona, which will be officially presented to ...
Audi A4’s 20th anniversary celebrated – new model coming in 2015
Audi A4’s 20th anniversary celebrated – new model coming in 2015The German based automaker Audi is currently celebrating the 20th Anniversary of its “most successful Audi of all time”, the ...
Are you driving an “undead” car?
Are you driving an “undead” car?Today it’s Halloween. So, gear up with popcorn, go to a horror move marathon or send your kids on the usual trick-or treat run. ...
Five customized Ford Transits going to SEMA
Five customized Ford Transits going to SEMAFord has announced the introduction of five customized Transits at the upcoming 2014 SEMA Motor Show. No less than five ...
Toyota FCV Rally Car goes official
Toyota FCV Rally Car goes officialThe Japanese based automaker Toyota has officially pulled the wraps off the brand new FCV Rally Car, which will be competing in ...
[VIDEO] Honda Civic Type R – first official teaser released
[VIDEO] Honda Civic Type R – first official teaser releasedThe first official video teaser with the brand new Honda Civic Type R has been recently introduced. The development of a brand ...
The famous Nuerburgring goes to a Russian investor
The famous Nuerburgring goes to a Russian investorThey didn’t manage to impose their will after the Second World War, but maybe the global capitalism move aids them in securing ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA 1
ferrari laferrari for sale dubai 1
custom scion fr-s 2014 sema motor show 1
AeroMobil 3.0 flying car 1
audi a4 20th anniversary 1
Five customized Ford Transits going to SEMA 1
Toyota FCV Rally Car 1
2016 honda civic type-r 2
2015 ford expedition 2014 sema 1
2015 Skoda Octavia RS Combi Diesel tuning mcchip-dkr 1
dacia sandero rs 1
Porsche Panamera Exclusive Series 1

More automotive from inautonews
The aftermarket specialists from Vorsteiner have officially announced the official introduction of the BMW M4 Special Edition GTRS4 at the 2014 SEMA Motor Show. Vorsteiner is getting ready to conquer the 2014th edition of the SEMA Motor Show with the BMW M4 Special Edition GTRS4. The model in ...
read more
Inautonews Editors Section
Test Drive: Dacia Sandero Stepway 1.5 90 HP
Test Drive: Dacia Sandero Stepway 1.5 90 HPIf you live in Europe, you don’t need an introduction to Dacia anymore – this is the affordable Renault subsidiary that rocked the auto industry ...
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Takata debacle puts GM’s mishaps under the shadeThe year started off incredibly hard for General Motors, after a February recall that led to ... NHTSA increases scrutiny over Takata airbag issueThe US auto safety regulator has moved to order the Japanese auto safety parts supplier to provide ...
Safety Section