Tag Archives | auto sales

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Baby-Boomers cut spending, start saving

Consumer spending is 70% of US GDP. And because US GDP is so large, this means the US consumer is 17% of global GDP. This is the same as the combined GDP of China and Japan, who rank 2 and 3 after the USA. So a change in US consumer spending matters. And it particularly […]

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China’s auto and housing markets weaken

“There are 64.5 million empty apartments and houses in China’s urban areas“, according to Barrons, the US investment magazine. The figure comes from a survey of the country’s electricity meters, undertaken by China’s Academy of Social Sciences. To date, China’s homebuyers remain convinced that home prices cannot fall, as shown by their willingness last year […]

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European auto sales continue to slip

Chemical companies face a clear risk of a synchronised slowdown in demand in all 3 major Regions during H2. • The US is hitting a ‘soft patch’ at best, if not a full ‘double dip’ • China’s demand seems to have already slowed. • Europe, sadly, seems to be following the same path. Not only […]

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Fed, American Chemistry Council, worry about US economy

The US Federal Reserve and the American Chemistry Council (ACC) have joined the blog in expressing concern about the outlook for the US economy. And as the chart above of the US S&P 500 shows, financial markets have continued to weaken since the blog’s advice on 8 May to “sell in May and go away“. […]

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A Year of Two Halves

Two months ago, on 8 May, the blog suggested that ‘Sell in May and Go Away” was likely to prove good advice this year. Since then, most major stock markets have fallen dramatically, with the S&P 500 down by 9%. The proximate cause of the blog’s pessimism then was the onset of the Greek/eurozone crisis. […]

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The blog’s 3rd birthday

The blog continues to go from strength to strength. It is now read in 130 countries and 3680 cities, up from 111 countries and 2088 cities a year ago. Its readership is truly global, with the Top 10 countries including Benelux, China, France, Germany, India, Italy, Singapore, Turkey, UK and USA. It has also expanded […]

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US auto sales slip as employment growth weakens

Each US auto sale is worth $2973 to the chemical industry, according to American Chemistry Council research. And as the chart above shows, current sales remain well below the levels seen in the Boom years. In June 2007, for example, 1.5m autos were sold (black line), in line with 2006 and 2006 performance. They were […]

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EU auto sales fall further 9% in May

The blog has been out and about in recent days, visiting some of the major European chemical companies. Most continue to see strong order books. In normal circumstances, this would lead to considerable confidence about the outlook for the rest of the year. However, there are increasing fears, as Nigel Davis has noted in ICIS […]

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EU auto sales fall 7% in April

April 2009 wasn’t a great month for EU auto sales. Volumes (red line) were down 11.6% versus April 2008. But sales were starting to benefit from the introduction of government scrappage schemes. A year later, as the above chart from ACEA (the European auto manu-facturers association) shows, this support has begun to fade: • April […]

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India’s motor industry focuses on ‘Nano’ cars

India was the only major country to see auto production growing last year. With the Asian Petchem Industry meeting opening in Mumbai, it seems timely to look at the progress of the Indian motor industry in recent years. As the chart shows (data from the Society of Indian Auto Manufacturers) , the sector has been […]

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