Entries from Chemicals & The Economy tagged with 'Ford'
US auto sales enter the "new normal"
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...
US auto sales continue rebound
US auto sales have not yet followed the European lead, and shown an increase versus 2008 levels. And they certainly don't match China's 17% sales increase in H1. But they were down just 11% in July. And Ford did post...
US demand bouncing along the bottom
The good news from the latest reports on US house prices and auto sales was simple - things have stopped getting worse. US house prices saw "some stabilisation in some regions" according to the S&P/Case Shiller Index for April. Whilst...
US auto sales start to bottom
The blog may be over-optimistic, but as with US house markets, it is hopeful that US auto market may have hit at least a temporary bottom. Spring should be a good period for sales, and March saw auto volumes down...
Obama gets tough on US auto industry
There had been speculation that President Obama's mid-West background might tempt him to take a soft line on the troubled automotive industry. But his comments on Thursday that there has been "a lot of mismanagement of the auto industry over...
US auto sales remain depressed
February brought no relief for the troubled US auto industry, so critical to chemical sales. Sales were down 41% versus 2008. Even more worryingly, sales over the past quarter, and last 6 months, averaged under 10 million/year. Chrysler's results also...
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...
GM, Chrysler's US sales collapse
January's US auto sales figures gave no hope that demand is yet bottoming out. Volumes were down 41% versus 2008. As the chart shows, the main pain was felt by GM and Chrysler, who saw sales down 49% and 55%...
European auto sales to fall 16% in 2009
European auto sales fell 8.4% in 2008, versus 2007. Sales of 13.56m autos were just ahead of the USA's 13.2m. European volumes continue on a worsening trend, with December down 19% versus last year: • Spanish sales were down...
US auto sales at 1992 levels
December was another bad month for US auto sales, with volumes down 36% versus 2007. Total 2008 sales of 13.2 million were the lowest since 1992, when the economy bottomed in the 1990-4 recession. As the chart shows, sales volumes...
November US auto sales down 37%
US auto makers today told Congress their "rescue plan" now needs $34bn in support, whilst GM and Chrysler said they need an $11bn loan "just to survive the year". US sales were down 37% in November, and are at their...
GM's October sales collapse
October's US auto sales were as bad as expected. But even so, GM still managed a surprise. Once the undisputed market leader, its sales were truly awful, falling 45% versus October last year, as shown in the chart above....
Kerkorian down $650m: Lahde up 1000%: Buffett buys
One of the oldest rules in investment is that 'When a good management finds itself running a bad business, its the reputation of the business that survives'. Legendary US investor Kirk Kerkorian has just proved he is no exception. Back...
GM, Ford, Chrysler may face bankruptcy - S&P
Ratings agency S&P warn today that a major recession might force the 3 top US carmakers to file for bankruptcy. Clearly they share JD Power's fears, noted yesterday, about the potential for an 'outright collapse' in global auto markets. S&P...
US car sales plummet, house prices fall again
September was another difficult month for the cornerstones of US chemical demand, autos and housing: • GM cut prices dramatically via its 'Employee discount for everyone' programme. But even so, sales fell 16% versus last year (blue column) • Toyota...
Auto sales fall around the world
August was a bad month for US auto sales. GM sales were down 20% versus 2007, Toyota down 9%, Ford down 26% and Chrysler fell 35%. This set the blog wondering about relative performance , and the chart shows...
1/3rd of US auto suppliers risk bankruptcy
US and European auto sales fell again last month. GM reported total US sales down 27% versus 2007, due to a 'challenging US economic environment' Toyota were down 19%, with Lexus sales badly hit, down 25% Ford were down 13%,...
US auto sales collapse in June
'Collapse' is not a word that should be used lightly in business. But there is no other way to describe June's US auto sales figures:...
$216.9bn and still rising
After a while, large numbers lose their power to shock. So Bloomberg and the FT have performed a service this week by reminding us of the scale of losses in the financial sector. They calculate that so far, US...
US auto sales fall again in Q1
Car sales are of major importance to the chemical industry. The ACC calculates each new car uses $2441 worth of chemistry. The declines reported below for March and Q1 do not, therefore, make pretty reading. March Q1 GM -13% -11%...
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