German auto market remained weak in August; sales down 20%, production 35% lower
Stefan Baumgarten
03-Sep-2020
LONDON (ICIS)–The German auto market remained weak in August, with new-car registrations down 20% year on year and domestic auto production down 35%, according to data from industry trade group VDA on Thursday.
Germany auto data:
| Aug 2020 | +/- from Aug 2019 | Jan-Aug 2020 | +/- from Jan-Aug 2019 | |
| New-car registrations | 251,100 | -20% | 1.78m | -29% |
| Production | 203,100 | -35% | 2.03m | -36% |
| Exports | 154,300 | -31% | 1.51m | -36% |
Source: VDA
The automotive industry is a major global consumer of petrochemicals, which make up more than one-third of the raw material cost of an average vehicle.
Several chemicals have a significant percentage of their demand tied to the global auto industry. These include nylon resins, styrene butadiene rubber (SBR), polypropylene (PP), acrylonitrile-butadiene-styrene (ABS), polymethyl methacrylate (PMMA), and polycarbonate (PC).
Please visit the ICIS coronavirus topic page for analysis of the impact on chemical markets and links to latest news, and click here for ICIS’ automotive topic page.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
