Reuters blog archive
from India Insight:
India's automobile sector may have been dented by negative sales for two straight years, but the Society of Indian Automobile Manufacturers (SIAM) is hoping to see an uptick in sales this fiscal year.
Spiralling inflation and expensive bank loans, which most Indians depend on to buy vehicles, weighed on customer sentiment as the country’s economic growth languished at 4.7 percent in the December-quarter -- about half the rate of India’s boom years.
However, a stable and business-friendly BJP government is expected to revive economic growth and kick-start the investment cycle, factors that may help the market for vehicles grow.
Here’s an India Insight video that takes a look at the automobile industry and what stakeholders may expect from this year’s budget:
Economists love motor analogies, and for good reason: they are very useful in illustrating the ebb and flow of economies. In coming months, maybe even years, the help from the auto sector could become a lot more literal, argues Paul Dales, senior U.S. economist at Capital Economics in London. In particular, he expects rising sales following years of depressed consumer spending on vehicles in the wake of the Great Recession could add as much as 0.25 percentage point to U.S. gross domestic product growth per year over the next four years. Here’s why:
The rise in new vehicles sales in September, to 14.9 million from 14.5 million in August, was significant as the number of new vehicles being purchased is now higher than the number being scrapped. This comes after four years in which the total number of vehicles in operation has been declining.
from Environment Forum:
A recent trip to bicyle-peppered cities Copenhagen and Amsterdam got me thinking about the pedal possibilities in U.S. cities. Alas, New York, the country's biggest city, has long way to go make biking easier, and that seems true in many other cities in the world's largest motor fuel consumer.