Automotive Update: Third Quarter 2010
Deloitte Corporate Finance LLC
This quarter’s Automotive Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights include:
- In the first three quarters of 2010, North American automotive production volumes have already exceeded production for all of 2009, with 8.9 million units produced, compared with 8.5 million vehicles in 2009. Production volumes in Q4 2010 are expected to be 2.8 million units, when compared to 2.7 million units in 2009, according to J.D. Power and Associates.
- Year-to-date, global automotive deal volumes have increased 7.7% to 405 announced deals, when compared to the 376 announced deals observed through first three quarters of 2009, with smaller, targeted deals likely to remain the majority of the activity in the near term.
- Cross-border activity remains prevalent, as companies in developed nations continue to target both advanced technologies and distressed companies, while emerging market acquirers are seeking production, sales and technologies to establish critical mass for competitive global platforms.
Download the Automotive Update below.