You never meet a shy and retiring car salesman. They are always bursting with confidence, about to sell you a tremendous deal. So we have to expect that the companies are always going to be confident about the future – even when it looks unpromising to everyone else. 2008 is close enough, that we can […]
Chemicals and the Economy
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 […]
Discounts support EU auto sales as Paris plans diesel car ban
A mild winter, combined with 20% price discounts, has kept EU auto sales in growth mode. Latest data from ACEA shows January sales at 999k were the best for the month since 2011’s 1.042m. The chart above shows the 12-month trend line since 2005, to avoid seasonal fluctuations with the monthly data (blue line): Sales were […]
GM focuses on low-cost autos, as European sales remain weak
Low growth and low-cost have become the dominant features of Europe’s auto market. Europe’s modest rise in auto sales continued in June, with volumes up 4.5% versus 2013. But as the auto association reminds us, this “is the second lowest level in the month of June since reporting began in 2003“. And the detail of the […]
European auto markets head in a new direction
The European auto market continues at 20-year lows, with sales down 4% in January – September. Whilst September’s sales appeared stronger, up 5% versus 2012, this was only due to Spain and the UK. Spain boosted volume by 10k due to a €2.7k ($3.7k) government hand-out for people trading in an older vehicle. Whilst UK volumes were up 40k due to a credit […]
Greece’s problems lead to EU auto industry job cuts
Greece’s debt default saga seems never-ending. And it is tempting to hope that it only matters to those suffering in Greece and the PIIGS countries (Portugal, Italy, Ireland, Greece, Spain). But a look at auto sales trends since 2005 gives a different picture. As the chart shows, based on ACEA data, sales in the 5 […]
Auto companies face Japan supply chain problems
EU auto sales remained weak in February, and dependent on just 4 countries. As the chart shows (red line), they followed January in being at the bottom of historical monthly sales. Overall, January and February were down 0.3% versus 2010, with 2 million autos sold: • German sales were up 16% at 435K; France was […]
US, European, auto buyers focus on price
US auto sales disappointed again last month. As the chart shows, January (red square) came in well below the 1.1m level that was normal during the Boom years. And even this 819k sales level required major increases in incentives. GM, of course, was focused on stabilising its stock price after the IPO, so it needed […]
EU auto sales top USA and China in 2009
Almost unnoticed, the EU became the largest regional auto market last year. Thanks to the support of scrappage programmes (particularly Germany’s €5bn scheme) it sold 14.4 million autos, compared to just 10.4m in the USA and 13.6m in China. W Europe continued to see higher sales than Central Europe, due to greater government support. But […]
European auto sales slide continues
European auto sales fell 25% in January, according to JD Power. This equals an annualised rate of just 11m cars, the lowest since the early 1990’s. 13.6m were sold in 2008. And although the forecaster hopes for some improvement later in the year, it suggests that “a late 2010 recovery is the most likely timing”. […]