Tag Archives | auto sales

Price war looms in US auto market as incentives increase

The blog is awarding itself a pat on the back this morning, as its forecast last month for the US auto market seems to have proved more accurate than those of the experts. Under the heading ‘US automakers increase incentives as sales fail to boom’, it forecast: “The blog therefore suspects that March will be […]

Continue Reading

India’s car buyers remain cautious despite pre-election tax cut

Its pre-election time in India, as the world’s largest democracy prepares to go to the polls next month.  And so auto sales are receiving special attention from the politicians in advance of the vote. Thus the Finance Minister cut taxes last month on all models, to 8% from 12% for small cars, 2-wheelers and commercial vehicles; to […]

Continue Reading

US automakers increase incentives as sales fail to boom

This month is likely to be a very good time to buy a new car in the US.  The reason is that auto manufacturers had believed that a recovery in consumer spending and the economy had become inevitable.  Thus they had built inventories of new cars in anticipation of the sales rush. These are now […]

Continue Reading

Lanxess CEO departs as auto markets enter the New Normal

The blog, like most people, doesn’t like change.  Change creates uncertainty, and makes us all nervous.  Thus in recent years it has privately hoped that its forecasts about (a) the inevitability of the subprime crisis and (b) the transition to the New Normal, would prove wrong.  Life would be so much easier if nothing changed. Thus it is distressed to see developments at […]

Continue Reading

European ethylene production at 1996 low

Nobody was expecting very much from Q4 ethylene production in Europe, as several plants had been taken offline in December due to lack of demand.  And yet it is still possible to be disappointed by the actual outcome as reported by APPE.  As the chart above shows: Q4 production at 4.4MT was the lowest since the […]

Continue Reading

Global auto industry sales growth depends on China

Autos remain the world’s largest manufacturing industry, and the single biggest source of demand for chemicals and plastics.  According to detailed analysis by the American Chemistry Council, each new US auto is worth $3,539 in terms of sales – and involves a wide range of products including antifreeze, plastic dashboards, bumpers and windows, as well as upholstery […]

Continue Reading

EU auto sales slide for 4th year in a row

Final data for EU auto sales has now been published, and is summarised in the chart above: Sales fell for the 4th year in a row in 2013 (red square) to 11.8 million This was a 2% fall versus 2012 (green line) and a cumulative 18% fall versus 2007′s peak Only 2 countries, the UK and Spain, […]

Continue Reading

US new car sales at highest level since 2007

The good news about US auto sales is in the chart above.  It shows: 2013 volumes at 15.6 million were the highest since 2007 (red square) This was a 7% increase versus 2012 levels (green line) Q4 sales at 3.8m were particularly strong, and were the highest since 2005 Unsurprisingly this has led many to believe that […]

Continue Reading

China auto sales jump to meet pollution quota deadline

China’s auto sales moved past Europe’s in 2010, and are now close to US levels.  But even China is not expected to maintain this surge in 2014.  As the chart above shows, sales soared in the past few months (red line) versus 2012 (green).  But as the automotive association explains, this was mainly because: “Panic consumption over […]

Continue Reading

Brazil, Russia, India car sales fall for first time in 10 years

Since 2009, the 4 BRIC nations (Brazil, Russia, India and China) have been the focus of every car manufacturers’ dreams.  Whilst the West worried about ageing populations and its financial crisis, the BRICs seemed to have moved into a new dimension. Today, however, reality is beginning to set in: Auto sales in Brazil (the world’s […]

Continue Reading