Global new passenger car sales rise in Sept in key production regions

14 October 2016 16:26 Source:ICIS News

LONDON (ICIS)--Global new-passenger car sales rose in September across the key auto-producing markets of China, Japan, the US, Brazil, and the EU and EFTA, ICIS analysis showed on Friday.

Date

EU + EFTA

US

China

Japan

Brazil

Total

Sep-16

1,496,206

575,114

2,268,000

396,905

129,688

4,865,913

Sep-15

1,394,734

619,112

1,751,200

399,758

166,358

4,331,162

Jan-September 16

   11,607,266

5,429,943

16,752,000

3,157,096

1,299,543

38,245,848

Jan-September 15

   10,766,740

5,917,605

14,547,800

3,278,788

1,602,112

36,113,045

Rises in sales were predominantly the result of strong increases in the EU and in China, which overturned falls in the other regions.

Sales were also up in the first nine months of 2016, compared to the same period in 2015, which was again largely driven by China sales.

Nevertheless, stripping out China shows a fall in year-to-date auto sales. China sales figures are reported as deliveries to dealerships rather than end-users, skewering underlying demand.

Date

EU + EFTA

US

Japan

Brazil

Total

Sep-16

1,496,206

575,114

396,905

129,688

2,597,913

Sep-15

1,394,734

619,112

399,758

166,358

2,579,962

Jan-September 16

  11,607,266

5,429,943

3,157,096

1,299,543

21,493,848

Jan-September 15

  10,776,740

5,917,605

3,278,788

1,602,112

21,575,245

Sales in China have largely been driven by dealer discounts amid fierce competition and Government stimulus measures which are due to expire at the end of 2016.

The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

ICIS produces a monthly Global Automotive report covering the major automotive chemicals markets, the auto-industry, the IBAPs and macroeconomic trends. For more information on the report and details on how to subscribe, please click here

By Mark Victory