US May automobile, light truck sales rise 25.7% year on year

01 June 2012 23:39  [Source: ICIS news]

HOUSTON (ICIS)--US May sales of passenger cars and light trucks increased by 25.7% year on year, according to data released by Autodata on Friday.

Sales of passenger cars and light trucks in May totalled 1,334,600 units, up from 1,061,719 sold in the same month a year ago.

The year-on-year increase is largely the result of changes in the weather this year from last year, when an earthquake and tsunami caused major upsets in Japan and the related automobile industry parts and supplies industries.

Autodata said sales for the first five months of the year were up by 13.4% year on year, to 5,986,605 units from 5,279,318 in the first five months of 2011.

The US automobile industry comprises one of the major purchasors of 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 (2,671) worth of chemicals.

All six major auto manufacturers in the US reported more cars and light trucks sold in May of this year than in May last year.

The largest number of units sold was reported by General Motors, which sold 245,256 cars and light trucks in the month, up by 10.9% from its May 2011 sales of 221,192 units.

The largest year-on-year increase was reported by Toyota Motor Sales USA., which sold 87.3% more cars and light trucks in May this year, with 202,973 units sold, putting Toyota in third place for units sold in the month.

Ford Motor Company sold 215,699 vehicles, an increase of 12.6% compared with 191,529 a year ago.

Chrysler sold 150,041 vehicles, a 30.1% increase over the same month last year.

American Honda Motor Co reported a 47.6% year-on-year increase in its sales number, with 133,997 units sold.

Nissan North America sold 91,794 vehicles, up by 20.5% from the 76,148 units it sold in May 2011.

($1 = 0.81)

By: Wesley Busch
+1 713 525 2653

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