US auto sales last year at 10.4 million were the worst since 1982. Even this figure was slightly artificial, due to the support provided by the $3bn ‘cash for clunkers’ programme in the summer. This impact can be seen in the chart, with total volumes (black line) picking up again in December under the impact […]
Tag Archives | auto sales
The blog is now 2.5 years old. Readership continues to grow, both within the chemical industry and its investment community. It is now read in 121 countries, and 2735 cities, versus 89 countries and 1244 cities a year ago. Readers are also very loyal, with 23% reading it twice a week. Its readership covers all […]
EU auto sales continued to improve in November versus 2008, with total volumes up 27%. But as the chart from ACEA (EU Automobile Manufacturers Assoc) shows, they were still lower than in 2007. The difference between sales in W Europe, and in the new EU Central European states (EU CE), was quite dramatic. Sales in […]
Back in May, the blog suggested that “Chrysler’s bankruptcy marks a ‘tipping point’, when the first major company is finally forced to adjust to a permanently lower level of demand.” Now comes news that Toyota is to follow Chrysler’s lead, and will cut production on a global basis Toyota produced 9.24m autos last year, but […]
The US housing crisis is still getting worse, causing the weekend collapse of Guaranty Bank, the 11th largest US bank failure. As the Wall Street Journal notes, this marks a “new stage” in the banking crisis. Guaranty Financial had bought low quality, “toxic” mortgage loans, and its woes illustrate the “boomerang effect” that is now […]
Last week, Nissan said its new Leaf model had achieved 367 mpg (156 kpl) in city driving. And this week, GM said its Volt could get an average 100 mpg rating. Pedro Spohr of Galp in Portugal was therefore clearly right last October, when he suggested to the blog that the new range of electric […]
Cerberus’ timing was clearly not very good with its Chrysler acquisition in Q3 2007. And Steve Feinberg, Cerberus co-founder, admitted this when he told the New York Times “we were too optimistic on timing. Maybe what we should have done was not bought it.” So far, they have lost $6bn of their original $7.4bn investment. […]
US auto sales have not yet followed the European lead, and shown an increase versus 2008 levels. And they certainly don’t match China’s 17% sales increase in H1. But they were down just 11% in July. And Ford did post its first annual sales gain since November 2007. As the chart shows, all the major […]
Sales of most chemicals are down due to the recession. But US sodium silicate volumes could see a massive boost, according to the Wall Street Journal. The reason is that the government has mandated its use to destroy the engines of the old cars that it buys under the subsidy scheme. Normally ‘liquid glass’, as […]
In 2007, Sweden was the largest private equity market in Europe, as a percentage of the country’s GDP. And the local banks lent freely, as elsewhere, to fund investments. Now they, and other Nordic banks, are struggling to minimise their losses. According to Bloomberg, Sweden’s second-biggest bank, Handelsbanken, “seized parts of Plastal Group and Plastal […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such as oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.