Tag Archives | US auto sales

Subprime loans drive US auto sales growth

Major problems are developing in the US auto market.   The critical issue is that companies have been adding capacity since 2009 on the basis that demand would return to SuperCycle levels.  But it hasn’t. The result is that the mass market has become more and more competitive.  Only sales into the high margin luxury/pickup segments are actually […]

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US autos Sept13

US auto sales surge as leasing deals remain cheaper than used cars

US auto sales showed continued progress in August.  As the chart shows, August volume at 1.5m (red square) was a new record for the month, and 17% above 2012 levels (green line).  In turn, of course, this was excellent news for chemical manufacturers, as the American Chemistry Council calculate each new car is worth $3539 to the industry. […]

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US consumer demand growth stalls

The American Chemistry Council has recently updated its invaluable work on US polymer chain inventories. Last December this led the blog to conclude that we would see “a strong H1“, as inventories were low, whilst demand was likely to rise supported by seasonal and stimulus factors. But the ACC’s latest analysis (above) leads to a […]

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Buffett says US is in recession

‘If it walks like a duck, and quacks like a duck, then its a duck’. This simple logic probably best sums up Warren Buffett’s position on the current state of the US economy. ‘By any commonsense definition’, said Buffett yesterday, ‘the US is in recession’. Buffett is the world’s leading investor. And key evidence from […]

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Ford warns on auto sales

US autos are one of the major uses for chemicals. The ACC recently calculated that each auto contains $2441 worth of chemistry, with a wide range of companies supplying products such as antifreeze, sealants, coatings and plastics. In 2006, chemical sales to the industry were worth $32.6bn. A downturn in auto sales is therefore not […]

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