Global car sales drive into ditch

Thursday, 13 July 2017

Via Macquarie:

Solid June and 1H for global car sales but market slowing

 Global car sales are important driver of commodity demand, especially PGMs. They continued to see YoY growth in June, and recorded a solid 1H, if not as strong as in 2016. We expect a further slowdown in 2H 2017 and 2018, a key reason why we remain sceptical palladium’s current strength can continue. Electric vehicles are taking market share globally, while diesel in Europe is still declining.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.