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 […]
Tag Archives | auto sales
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, […]
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 […]
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 […]
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 […]
There seems almost no need to publish a forecast for 2014. Policymakers have toured the TV studios to confirm that this is finally the year of recovery. They admit it may have taken nearly 5 years longer than first expected, and that there have been numerous ‘false dawns’ on the way. But now, they are certain that […]
Imagine for a moment that you had become president or premier of China following the leadership transition in March. You know that the country’s economic model has to change. But you also know that you have to carefully develop your powerbase, whilst also putting in place new policies. Probably you would take things cautiously at […]
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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.