Europe sees 2-speed performance on auto sales

EU autos Feb11.pngThe blog is changing its chart for EU auto sales. The aim is to better show seasonal trends, and also enable easy comparison with US sales.

It now shows sales by month, since 2005. Performance in 2007 (green line) and 2010 (brown) is highlighted, as this represents the peaks and troughs.

January’s 1 million sales (red square) were in line with 2010’s performance. But this disguised a growing 2-speed performance across the region. As ACEA (European Association of Auto Manufacturers) note:

• France was up 8% and Germany 17% versus 2010, but
• UK, Italy, Spain (the other major markets) were down 12%, 21% and 24%
• And Greece, suffering from major austerity measures, saw sales fall 63%.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. 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.

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