US Nov auto sales jump 14% year on year, boosting chem demand

01 December 2010 20:53  [Source: ICIS news]

HOUSTON (ICIS)--US November auto sales rose 14% from the same selling period a year ago, according to sales reports released on Wednesday, giving a demand boost to chemicals used by the industry.

The big six producers - General Motors, Chrysler, Ford, Honda, Toyota and Nissan - reported sales of 680,529 units in November 2010, up from 597,514 units in November 2009.

Improved US auto sales typically increase chemical demand, with $2,700 (€2,079) worth of chemical products or chemical-processing value used in every US-made vehicle, according to the American Chemistry Council (ACC).

The biggest year-on-year increases came from Nissan, Ford and Honda. Each had an increase of at least 20%, with Nissan the leader at 27%.

Nissan’s sales jumped to 71,366 in 2010 from 56,288 in 2009.

"Nissan is maintaining momentum across the lineup, including the launch of the all-new Juke sport cross," said Al Castignetti, a Nissan vice president and general manager.

The only major manufacturer to report a year-on-year fall was Toyota, which saw sales go to 129,317 units in 2010 from 133,700 units, a dip of 3%. Toyota was also the only manufacturer to report a year-on-year decline in October.

Meanwhile, month-on-month sales data for the big six showed a drop of 9% in November from October. Nissan was the only one of the six manufacturers to report a gain, which was at 2%.

Each of the other five had decreases of between 7% and 18%. Chrylser saw the biggest decline, with 74,152 units sold in November compared with 90,137 in October.

Toyota had the second-biggest fall, dropping 11% month on month.

The table below reflects November sales data.


2010

2009

% Change

Chrysler

74,152

63,560

17

Ford

147,338

118,536

24

GM

168,739

151,427

11

Honda

89,617

74,003

21

Nissan

71,366

56,288

27

Toyota

129,317

133,700

-3

Total

680,529

597,514

14


($1 = €0.77)

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By: John Dietrich
713-525-2600



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