Tag Archives | auto sales

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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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US auto market remains “very fragile”

US auto sales (black line) in April showed welcome improvement versus 2009, but were still a long way short of earlier demand levels. They were up 19% versus April 2009. But even with this improvement, they were down by 24% by comparison with 2 years ago. On an annualised basis, they were only 11.2m versus […]

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EU auto sales rise 9% in Q1

The impact of government scrappage schemes continues to dominate European auto sales. As the chart shows, sales were up 9.2% in Q1, and March was up 10.8%, versus 2009. On a national basis, Germany continued its decline after the end of its scheme, with sales down 26.6% in March. But this was offset by UK […]

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Toyota’s discounts drive US auto sales rise

The blog is always grateful for good news, no matter the reason. Thus it welcomes March’s rise in US auto sales to 850k from February’s 615k (black line). The driver for the rise was Toyota’s (red line) record level of price discounts, as it aimed to overcome its disastrous sales slump after the quality problems. […]

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Seasonal strength returns to chemicals demand

In December, the blog suggested that “2010 might see the industry return to its normal seasonal pattern, with a strong H1, followed by a slow Q3 holiday season, and then a final burst of activity in October/November before the Xmas break“. The chart above, from the excellent American Chemistry Council’s weekly report, provides welcome evidence […]

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European propylene, butadiene, prices rise above ethylene

A remarkable thing happened this week in European olefin markets. Contract prices for butadiene and propylene were finalised for April/Q2 at higher levels than for ethylene. This has never happened before, in Europe or other regions. The chart, based on ICIS pricing data, shows how ethylene (blue line) has normally been the highest priced olefin. […]

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German auto sales fall 30%

European auto sales continue to depend on the influence of government stimulus programmes. The main feature of February’s results was the sharp decline in Germany’s sales. They were down 30% versus February 2009. This supports the fears of those who saw stimulus programmes as simply bringing forward new sales, not creating new demand. Overall, European […]

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EU auto sales benefit from scrappage schemes

The European Union was the leading auto market in the world in 2009. It sold 14.4m, versus 13.6m in China and 10.4m in the USA. January has continued this promising trend, with volumes up 13% versus 2009. But it is likely to prove temporary, as government scrappage schemes end. This has already happened in the […]

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