Auto execs surveyed say VW, BMW most likely to grow

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Filed under: BMW, Hyundai, Toyota, Volkswagen

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.

Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.

Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.

You can read the full press release below for more information, or click on the graph above (expandable) for the full list. Continue reading Auto execs surveyed say VW, BMW most likely to grow

Auto execs surveyed say VW, BMW most likely to grow originally appeared on Autoblog on Thu, 17 Jan 2013 08:30:00 EST. Please see our terms for use of feeds.



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