03 April 2012 22:00 [Source: ICIS news]
HOUSTON (ICIS)--US March sales for passenger cars and light trucks increased 12.7% year on year, according to data released by Autodata on Tuesday.
Sales in March totalled 1.4m units, up from 1.2m sold in the same month a year ago.
Sales for the first three months of the year are up 13% year on year to 3.5m compared with 3.1m in the first three months of 2011.
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.
Of the six major auto manufacturers in the US, only Honda sold fewer cars in March than the company did in the same month a year ago.
Chrysler recorded the highest sales increase for the month, selling 34.2% more vehicles than in March 2011.
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections