Big 3 report double-digit April US auto sales gains
01 May 2013 20:20 [Source: ICIS news]
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HOUSTON (ICIS)--General Motors, Ford and Chrysler all reported double-digit increases in April US auto sales on Wednesday, while import brands reported mixed results.
GM and Chrysler both reported that ?xml:namespace>US vehicle sales for April rose by 11% compared with a year ago, while Ford sales for the month were 18% higher. Pickup trucks primarily fueled the sales boom, with GM reporting that sales of its Chevy Silverado and GMC Sierra increased by 23%, sales of Ford's F-150 jumped by 24%, and Chrysler sold 49% more Dodge Rams than a year ago.
GM also forecast that total US vehicle sales this year will be in the 15m-15.5m unit annual range. April marks the sixth consecutive month that US auto sales have been above the 15m unit rate.
Among import brands, Toyota said its US sales dropped by 1.1% from a year ago, while Volkswagen said April US sales fell 10.3%. Nissan's US sales climbed 24% from a year ago, while Honda reported that its April sales were up by 7.4%.
Overall, automakers reported April sales of 1.29m, up 9.3% from 1.18m from the same time last year, according to Autodata.
The American Chemistry Council (ACC) estimates that each automobile contains an average of $3,297 (€2,506) worth of chemicals, such as acrylonitrile-butadiene-styrene (ABS), nylon, polycarbonate (PC) and others.
($1 = €0.76)
By: Mark Yost+1 713 525 2653
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