04 September 2013 21:04 [Source: ICIS news]
According to figures compiled by Autodata, Ford led the way among the former Big 3, reporting that August sales rose by 12.8% compared with a year ago. Chrysler and GM both reported year-on-year sales gains of more than 9%.
Other big gainers for the month included BMW, up 12%; Honda, up 11%; Nissan, up 10.3%; and Mercedes-Benz, up 11.6%.
Ford said in a press release that it reported the highest August sales since 2006, driven by a 30% increase in small-car sales and F-Series pickup truck sales that eclipsed the 70,000-unit mark for the second time this year. Ford also said it plans to produce 785,000 vehicles in the fourth quarter, a 7% increase from 735,000 cars and light trucks a year ago. Third quarter production remains unchanged, Ford said, at 740,000 vehicles.
GM said sales at its Cadillac division were up 38% from a year ago, while Buick sales rose 37%, GMC increased by 14%, and Chevrolet was up 10%. GM said August sales were the highest of 2013 and the best since September 2008.
GM estimated that industry-wide sales in August were at a 16.3m unit annual rate. Chrysler pegged the annual pace at 16.1m units.
That's good news for petrochemical makers who supply acrylonitrile, acrylonitrile-butadiene-styrene, polycarbonate, nylon and other materials to the
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