US September auto sales rise by 28% year over year

01 October 2010 22:33  [Source: ICIS news]

HOUSTON (ICIS)--US automobile sales in September rose 28% year over year, although they fell 7% from August, according to sales reports released on Friday.

Each of the six largest manufacturers – Chrysler, Ford, General Motors (GM), Honda, Nissan and Toyota – reported year-over-year increases of at least 10%. Chrysler reported the largest gain, at 61% and was the only manufacturer to record a gain in month-over-month sales, improving by 7%.

Chrysler reported sales of 100,077 automobiles for September, up from 62,197 in September 2009 and up from 93,313 in August 2010. September was the sixth consecutive month the company reported an increase in year-over-year sales.

General Motors saw the smallest increase in year-over-year sales and the biggest fall in month-over-month sales. The company reported September sales of 173,155 units, up from 156,673 units in September 2009 but down from 199,962 units in August 2010.

"We said our goal for this time of year was to achieve an orderly transition from past model to the new model year, and we've achieved that," said Don Johnson, vice president of US sales operations. "This helps us lower our overall selling costs and positions us to come out of the gates quickly during the new model year."

Automobiles are an important chemical end market, with $2,700 (€1,971) worth of chemical products or chemical-processing value used in every US-made vehicle, according to the American Chemistry Council (ACC).

The table below reflects September sales.

Company

       2010

          2009

      Change

Chrysler

100,077

62,197

61

Ford

160,873

109,939

46

GM

173,155

156,673

11

Honda

97,361

77,229

26

Nissan

74,205

55,393

34

Toyota

147,162

126,015

17

Total

752,833

587,446

28


($1 = €0.73)

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