Global auto sales remain slow as China boosts exports

Consumer demand

SHARE THIS STORY

All autos Dec12.pngAuto sales continue to struggle in 3 of the world’s main markets. The chart shows combined sales by month in China, US, EU, Japan and India. These were 76% of global demand in 2011. Overall, volume is up 6% versus last year:

• China’s sales are up 7% at 13.1m, as its economy remains slow
• US sales are up 14% to 13.1m, as consumers use cheap credit to replace ageing cars
• EU sales are now back at 1993 levels, with 2012 volumes down 8% to 11.2m
• Japan’s post-earthquake recovery is slowing, with sales 4.2m and November sales flat
• India is also slowing, with sales 2.3m and November volumes down 8%

This maintains the stop-start sequence of recent years, where overall 2008 volumes were down 7%, followed by 0% gain in 2009. Then 2010 saw a 10% gain, only to disappoint last year with sales up only 2%. And meantime, auto makers continue to invest in new capacity. The main expansion is in China, which is now focused on building export sales to utilise its new factories.

Its auto exports are expected to hit 1m for the first time this year, with volumes by the end of October already higher than 2011’s total. Its main markets are currently Algeria, Iraq, Iran, Russia and Chile. But whilst other automakers remain complacent, the competitive threat is growing as analysts JD Power say China is poised to match Western quality standards by 2018.

PREVIOUS POST

China's leaders aim for "greater political courage and wisdom"

18/12/2012

China’s new leaders have made a good start. Its too early to say whether t...

Learn more
NEXT POST

The Cycle of Deflation continues to develop

20/12/2012

In January, the blog suggested that political issues would continue to gain incr...

Learn more
More posts
Americans hunker down on spending as the pandemic’s impact continues
11/04/2021

US stock markets have been hitting new records recently, as investors swoon over the idea that the $...

Read
Circular economy set to replace today’s broken global supply chains
21/03/2021

The Great Freeze in Texas has confirmed once again the problems with today’s global supply cha...

Read
Smartphone sales highlight new trends in consumer markets
07/02/2021

Smartphone markets continue to provide early warning of the major changes taking place in consumer m...

Read
Buyers scramble for product as global supply chains breakdown
24/01/2021

Asian LNG prices reached $32.50/MMBTU this month, up from less than $2/MMBTU in June. The Shanghai C...

Read
5 key questions for success in the New Normal
17/01/2021

Sustainability rather than globalisation is becoming the key driver for business. And the paradigm s...

Read
US chemical companies face ‘wake-up call’ as Biden focuses on the Climate Change agenda
13/12/2020

I worked for many years at a world-leading chemical company, ICI. But sadly, it lost its way as seni...

Read
Plastics producers face a ‘wake-up call’ from both ends of the value chain
22/11/2020

Plastics producers have had a great run over the past 60 years, as demand took off for their product...

Read
Smartphone sales confirm mid-market of ‘affordable luxury’ is disappearing
15/11/2020

Another 3 months, another decline in global smartphone sales. And more pressure on mid-market player...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more