US February automobile sales rise 16% year on year

01 March 2012 21:36  [Source: ICIS news]

HOUSTON (ICIS)--US February sales of passenger cars and light trucks increased 15.7% year on year, according to data released by Autodata on Thursday.

Sales in February amounted to 1,149,398 units, up from 993,387 sold a year ago.

For the year, the industry is ahead of 2011 through February with 2,062,685 units sold, a 13.8% increase.

The six najor automakers in the US – General Motors (GM), Ford, Chrysler, Toyota, Honda and Nissan – each showed increases in units sold year on year as well as year to date.

Chrysler recorded the largest increase year on year, with 40.4%.

The US automobile industry comprises one of the major segments for chemicals such as acrylonitrile butadiene styrene (ABS), styrene butadiene rubber (SBR), nylon 6 and nylon 6,6, polycarbonate (PC) and several synthetic fibres and paints and coatings.

The American Chemistry Council (ACC) estimates that each automobile contains an average of $3,297 (€2,473) worth of chemicals.

($1 = €0.75)

By: Wesley Busch
+1 713 525 2653

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