Thursday, November 10, 2011

Auto Sales Falling in 3 out of 4 BRIC Countries

Down 1.1% in China (month on month? Driven by an 18% decline in minivan sales, aka cargo moving vehicles)
Down 1.1% in India (year on year. Passenger vehicle sales down 24%)
Down 8.8% in Brazil (year on year for cars and light commercial, down 5.5% if averaged against business days)
Up 27% in Russia (year on year, car sales only)

China Auto Sales Fall, Cars Plunge in India as Loan Costs Rise
"In India, passenger-vehicle sales tumbled 24 percent to 138,521, the biggest drop since December 2000, according to the Society of Indian Automobile Manufacturers."
"Deliveries of passenger and commercial vehicles in the [China] fell 1.1 percent to 1.52 million in October . . . the China Association of Automobile Manufacturers said yesterday."

UPDATE: Brazil Auto Sales Slow, Still On Target For Year -Anfavea
"October sales including trucks and buses totaled 280,567, the lowest sales figure for the month since 2008."

Car sales drive Russian imports up
"Over the last 10 months approximately 2 million new cars have been sold in Russia."

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