US April auto sales increase 17.9% year on year

03 May 2011 22:25  [Source: ICIS news]

HOUSTON (ICIS)--US light vehicle sales increased by 17.9% in April compared with the same month in 2010, according to a report on Tuesday by Autodata.

The US automobile industry is a major demand segment for chemicals such as acrylonitrile-butadiene-styrene (ABS), styrene butadiene rubber (SBR), nylon 6,6 and several other synthetic fibres and paints and coatings.

The American Chemistry Council (ACC) estimates that each automobile contains an average of $2,700 (€1,809) worth of chemicals.

Total light vehicle sales for April were at 1,157,794 units, Autodata said, up from 982,134 units in the same month a year ago.

General Motors had the biggest jump in sales last month among the six largest producers, which also include Ford, Chrysler, US Toyota, US Honda and US Nissan.

GM sales increased by 26.6% to 232,538 units in April from 183,614 units in April 2010.

"Because of the investments we've made in fuel-efficiency and global product architectures, [GM] is well positioned to meet these needs,” said General Motors vice president Don Johnson.

Among the other five major manufacturers, each posted an increase of between 9.8-22.5% year on year, except for US Toyota, which posted the smallest gain at just 1.3%.

"An excellent final weekend in April leads us into May with healthy inventory levels and a wide selection of popular models,” said US Toyota vice president and general manager Bob Carter.

Month on month, US light vehicle sales for April were down by 7.1%, from 1,246,623 units in March.

Of the big six auto producers, all but General Motors reported a decline in April from March levels. The biggest drop came from US Nissan, which reported sales figures 41% lower month on month.

Each of the other four to report a month on month drop saw declines between 4-11%.

GM reported an increase of 13% in April, up from 206,621 units in March.

The table below reflects April sales data.

 

2011 April

2010 April

% Change

Chrysler

117,225

95,703

22

Ford

189,284

162,737

16

GM

232,538

183,614

27

Honda

124,799

113,697

10

Nissan

71,526

63,769

12

Toyota

159,540

157,439

1

Total

894,912

776,959

15

($1 = €0.67)


By: John Dietrich
713-525-2600



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