February’s data on US auto sales contained good news, and not such good news, for the chemical industry. • The good news was that sales were relatively strong, as the chart shows (red line), although still below levels seen in the 2005-8 period (black line). • And higher oil prices are supporting sales of more […]
Tag Archives | Toyota
US auto sales have slowed again. We seem certain to end 2010 at the bottom end of last year’s forecasts for demand, which ranged between 11.5m – 12.5m. This seems the main conclusion from analysing November’s sales figures. The blog has developed the new presentation above, showing sales by month since 2005, to assist comparison […]
US auto sales (black line) in April showed welcome improvement versus 2009, but were still a long way short of earlier demand levels. They were up 19% versus April 2009. But even with this improvement, they were down by 24% by comparison with 2 years ago. On an annualised basis, they were only 11.2m versus […]
The blog is always grateful for good news, no matter the reason. Thus it welcomes March’s rise in US auto sales to 850k from February’s 615k (black line). The driver for the rise was Toyota’s (red line) record level of price discounts, as it aimed to overcome its disastrous sales slump after the quality problems. […]
The Toyota problems, with over 9 million autos being recalled around the world, has set the blog thinking about how to spot corporate disaster in the making. One excellent source of insight is Prof Jim Collins’ book, ‘How the Mighty Fall’, published last year. This suggests that doomed businesses pass through 5 key stages. Encouragingly, […]
In August, Toyota (red line) briefly replaced GM (blue) as the US industry leader. Last month, however, its recall problems meant its sales fell 16% versus last January, an even worse performance than Chrysler (purple). Toyota’s problems are generally bad news for the industry, as they will inevitably impact overall public perceptions. Some will suspect […]
US auto sales last year at 10.4 million were the worst since 1982. Even this figure was slightly artificial, due to the support provided by the $3bn ‘cash for clunkers’ programme in the summer. This impact can be seen in the chart, with total volumes (black line) picking up again in December under the impact […]
The blog is changing its US auto sales chart, now that a year has passed since volumes collapsed last October. Year-on-year % changes become meaningless as a result. Instead, it will now show monthly volumes, on a total US basis (blue line) and for the major producers (dotted lines). Key highlights this month are: • […]
Back in May, the blog suggested that “Chrysler’s bankruptcy marks a ‘tipping point’, when the first major company is finally forced to adjust to a permanently lower level of demand.” Now comes news that Toyota is to follow Chrysler’s lead, and will cut production on a global basis Toyota produced 9.24m autos last year, but […]
Last week, Nissan said its new Leaf model had achieved 367 mpg (156 kpl) in city driving. And this week, GM said its Volt could get an average 100 mpg rating. Pedro Spohr of Galp in Portugal was therefore clearly right last October, when he suggested to the blog that the new range of electric […]
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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.