Tag Archives | Russia

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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US oil imports Apr15

OPEC hit as ‘peak oil demand’ arrives and US imports fall

Oil market traders have been having fun in recent weeks, as they have managed to create guaranteed price movements every week: US oil inventory data is published on Tuesday and Wednesday This gives traders the chance to push prices lower as the inventories continue to rise US oil rig data is published on Friday This creates the chance to […]

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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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BRIJ auto sales head in different directions

There has been a lot of wishful thinking over the past 15 years about the BRIC countries (Brazil, Russia, India and China).  The experts told us they were all going to become middle class overnight, and ensure that global growth continued to motor, even as the West slowed. Reality has proved rather different, of course.  This makes […]

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Russian downturn causes GM, Ford U-turn; EU slows despite discounts

August is a holiday month for Europe’s statisticians.  So we had to wait until yesterday for a combined summary of July and August’s EU auto sales.  As the chart shows, they indicate a new slowdown is underway after the more encouraging volumes at the start of the year: Sales were up only 5.6% in July and 2.1% in August (red square), […]

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Auto sales on roller-coaster ride in Japan, Russia, Brazil, India

Car sales in Japan, Russia, Brazil and India currently account for just under 1 in 5 of global sales.  Their market share peaked at 21% in 2008, but is today back at 2005′s level of 17%.  As the chart shows, it has been a roller-coaster ride for all of them: Japan’s 4.7m sales were 10% of the global total […]

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Europe unprepared for hard winter without Ukraine gas

There is an alarming naivety about Western policymakers’ response to events in the Ukraine.  They have simply chosen not to recognise that Russia’s strategic objectives are no longer about building links with Europe, but are instead about creating a Eurasian Economic Union (EEU). Thus they assume that Russia will always put its economic interests ahead of its political objectives.  And […]

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Europe faces Russian gas and oil supply risk over Ukraine

History shows that that governments usually lose arguments with energy suppliers.  UK premier Harold Macmillan summed up the position when talking about coal miners in the 1950s, warning: “There are three bodies no sensible man directly challenges: the Roman Catholic Church, the Brigade of Guards and the National Union of Mineworkers” Unfortunately, Europe now potentially faces an argument with its leading gas […]

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Crimea referendum highlights growing geo-political risks

Markets have been remarkably calm ahead of Crimea’s planned Sunday referendum to leave Ukraine and join Russia.  Yet as Associated Press has reported: “The Group of 7 world leaders say they won’t recognize results of a referendum for the Crimea region to split from Ukraine and join Russia.  A statement from the seven nations released from […]

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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 […]

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