India’s stock market has hit new records this week, as investors anticipate radical policy changes after election results are announced today. And the chart above highlights a key area behind the need for change, namely the problems of the important auto market: Indian auto sales dipped in April to just 183k (red square) This is […]
Tag Archives | auto sales
Q1 saw record global auto sales volumes, as the chart above shows: US and EU manufacturers cut prices and offered great financing deals to boost sales Chinese buyers raced to beat new quota restrictions on the main cities Japanese consumers brought forward purchases ahead of April’s sales tax increase Only India disappointed of the 5 major markets, […]
When is a car sale not a car sale? That’s the question that has been bothering the blog in the past few weeks. Of course, it wants to cheer the news that EU auto sales have seemingly recovered. But as the chart above shows, the recovery is still very limited: Q1 sales at 3.25m (red […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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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 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.