US July automobile, light truck sales rise 8.9% year on year

01 August 2012 21:04  [Source: ICIS news]

HOUSTON (ICIS)--US July sales of passenger cars and light trucks increased 8.9% year on year, an industry publication said on Wednesday.

Autodata reported that sales of passenger cars and light trucks in July totalled 1,153,682 units, up from 1,059,601 sold in the same month a year ago.

Sales in the first seven months of the year are 14.0% ahead of the 2011 sales for the same period.

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 (€2,671) worth of chemicals.

Unlike June, in which all six major auto manufacturers in the US reported more cars and light trucks sold than the same month a year before, General Motors and Ford Motor Company had negative growth over July 2011.

Chrysler, Toyota Motor Sales USA, American Honda Motor and Nissan North America showed positive growth in July over July 2011.

Toyota sold 26.1% more units in July 2012, with 164,898 leaving car lots.

Chrysler sold 126,089 units, which is 12.6% more than it sold in July 2011.

Honda had sales of 116,944 units in July, which is up 45.3% over the same month last year.

Nissan sold 16.2% more cars and light trucks with 98,341 units sold in July, compared with 84,601 vehicles it sold last year at this time.

General Motors Corp sold 6.4% fewer cars in July than July 2011, but still led all US automakers in sales for the month, reporting 201,237 units sold compared with 214,915.

Ford Motor Company sold 173,482 cars and light trucks in July, down by 3.8% from the number it sold last year in July.

For the year, General Motors has sold 1,516,950 cars and light trucks in 2012, an increase of 2.7% over last year’s sales through July.

Ford has sold 1,306,890 units through July 2012, compared with 1,313,865, a 5.1% increase year to date.

Toyota is the third of three car manufacturers to have sold more than 1m cars in 2012 through July. It has sold 1,210,994 units, year to date, an increase of 28.3% over the level last year at this time.

Chrysler has sold 960,157 units through the end of last month, a 27.7% gain over sales last year through July.

Honda has sold 817,926 units through July, an increase of 18.9% for the year.

Nissan has sold 676,062 units through July, an increase of 14.7% over the units sold last year through July.

($1 = €0.81)

By: Wesley Busch
+1 713 525 2653

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