01 November 2013 19:25 [Source: ICIS news]
HOUSTON (ICIS)--US October auto sales increased by 11% year on year and are 8.4% higher year-to-date, according to a report released on Friday by AutoData.
US October auto sales of passenger cars and light trucks were more than 1.208m units, up from 1.092m units for the same month a year ago.
Among the major US producers, General Motors registered the largest increase, with sales up by 16% year on year.
Honda and Toyota were the only two of the six largest producers to see year-on-year increases of less than 10%.
Year-to-date US auto sales were at 12.99m units, up by 8% from 11.99m units through October 2012.
US auto sales are a key indicator of the strength of the US chemical industry, especially for polymers such as acrylonitrile-butadiene styrene (ABS), polycarbonate (PC) and nylon and for styrene butadiene rubber (SBR).
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