US November auto sales increase by 14% year on year

01 December 2011 22:45  [Source: ICIS news]

HOUSTON (ICIS)--US November automobile sales increased by 14% year on year, according to data released by Autodata on Thursday.

Sales in November were 994,721 units, up from 873,323 units for November 2010, but short of the 1,021,313 units sold in October 2011. There were 950,165 units sold in October 2010.

Three of the six major US automakers – Chrysler, Nissan and Ford – reported double-digit gains in November.

Chrysler’s sales rose by 45% in November to 107,172 units year on year, while Nissan had a 19% year-on-year gain with 85,182 units sold. Ford posted a year-on-year increase of 13% with 166,441 units sold.

GM saw a 7% year-on-year gain with 180,402 units sold in November. Toyota’s November sales also increased by 7%, with 137,960 units sold.

Only Honda posted a decline with 83,925 units sold, a 6% drop from 89,617 units sold in November 2010. Sales also fell month on month from 98,333 units sold.

In total, US automakers have sold 6,117,455 units year to date in 2011, up by 7% from January through November 2010, when 5,731,248 units were sold.

There were 25 sales days in November this year, compared with 24 sales days in November 2010.

Additionally, there have been 280 sales days in 2011 through November, one more than in 2010. There are 27 sales days in December, the same as in December 2010.

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

The American Chemistry Council (ACC) estimates that each automobile contains an average of $2,700 (€1,998) worth of chemicals.

($1 = €0.74)

For more on ABS, SBR and nylon visit ICIS chemical intelligence

By: Wesley Busch
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