Automotive Industry Experiences Best Q3 on Record
In its survey of the automotive sector's 16 most significant players, EY found that July-September was the best third quarter yet recorded for the industry, both in terms of operating profit, and sales revenue, according to profitline.hu.
Despite the slowing economy and the complex geopolitical situation, demand is still strong, especially for premium autos, the supply of semiconductors and other raw materials and parts is improving, and cars can be sold at high prices, making this year's third quarter a "dream" for car manufacturers.
The operating result increased by an average of 28% compared to the previous year.
In terms of this indicator, German automakers performed exceptionally well, achieving growth of 58%, overtaking American and Japanese competitors, which had an average increase of 38% and 2%, respectively.
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