Tag Archives | auto sales

China’s new car market goes ex-growth as used car sales take off

My latest post for the Financial Times, published on the BeyondBrics blog is below |Jun 30 17:45 By Paul Hodges of International eChem Major structural change is under way in China’s passenger car market. New car sales grew just 1.2 per cent in May, as the country develops a used car market for the first time in its history. […]

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London follows Paris with city-wide electric vehicles and car sharing

Greek auto sales have been racing ahead in recent weeks.  They are up 16% so far this year, as people seek ways to protect their money in the event of Greece leaving the euro.  April saw the strongest rise, with sales up an astonishing 47% versus 2014.  As The Telegraph noted: “People living in a […]

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China auto Jun15

China auto sales rise just 1% as New Normal slowdown bites

The above chart was my Chart of the Year last December, under the title “China’s auto sales bubble begins to burst‘.  So it seems only sensible to update developments 6 months later. The key question, of course, is whether my headline was right?  Could it be that China was not going to deliver endless growth […]

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US housing Jun15b

Average US auto loan term hits record 68 months in May

May was “another fantastic month for US auto sales”.  Or, it took the industry “one month closer to an inevitable downturn”.  All depends on which analyst you talk to: Ward’s Autos called May’s sales the best since July 2005 LMC Automotive suggested growth rates were slowing, and could possibly even contract next year It also depends […]

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Brazilian, Russian, Japanese auto markets continue to struggle

Bill White’s important critique of the policies being followed by his former central bank colleagues echoes his warnings before the 2008 Crisis.  One of his key points is that they have focused on manipulating the value of financial assets, ratehr than on developments in the real economy: “The price of financial assets, just think of Bunds […]

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India’s auto market remains dominated by motorbikes

4 years ago, India could do no wrong.  The ‘Incredible India’ campaign had captured imaginations around the world, and almost everyone seemed to believe that it was destined to become a major player in any market that it chose. Analysts were particularly excited about the potential for the auto market, with one major company suggesting: […]

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US auto sales close to running on empty

We’ve all had that moment of jumping into the car, and turning on the ignition, only to realise we forgot to fill up the fuel tank on the last journey. US auto sales data for April is flashing that same familiar orange warning light. From the outside, everything looked fine with the data.  Although there […]

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US GDP Apr15

US GDP disappoints again as aging Boomers slow the economy

“Year after year we have had to explain from mid-year on why the global growth rate has been lower than predicted as little as two quarters back.” That was the comment, last August, from the new deputy chairman of the US Federal Reserve, Stanley Fischer.  This year, he won’t have to wait until mid-year to start the […]

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All autos Apr15

Q1 auto sales rise just 1.9% in world’s ‘Top 7′ markets

Its hard to be optimistic about the outlook for the global auto market.  The chart above of the Top 7 markets, which account for around 2/3rds of global sales, highlights the growing uncertainty.  It shows Q1 sales in 2015 (blue column) versus 2014 (blue).  Overall, these were up just 1.9% at 15.8m.  And although the […]

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BRIJ auto markets continue to struggle

Q1 showed little sign of improvement in the world’s second-tier auto markets – Brazil, Russia, India, Japan. In total, their sales used to equal those of the EU, the world’s 3rd largest market.  But Q1 volumes saw a 16% decline versus 2014 levels, as the chart shows: Japan’s sales were boosted in 2014 (blue column) by buying ahead […]

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