German auto market remained weak in August; sales down 20%, production 35% lower

Author: Stefan Baumgarten

2020/09/03

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).

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