US February auto sales fall slightly in third month of decline

03 March 2014 20:54 Source:ICIS News

HOUSTON (ICIS)--US February auto sales fell by a slight 0.03% year over year, according to an AutoData report released on Monday, marking the third consecutive month of declining auto sales in the US.

US February auto sales of passenger cars and light trucks totalled 1.1939 units, down from 1.1942m units during the same month of last year, the US-based research firm said.

Among the major US producers, Ford posted a 6.1% year-on-year loss in sales in February, while General Motors sold 1.0% fewer passenger cars and trucks. However, Chrysler had an 11.4% year-on-year gain in February sales.

Year-to-date sales reached 2.2065m units, but the figure was 1.4% lower than the 2.2388m units sold in January and February of 2013.

US auto sales are a key indicator of the strength of the nation's 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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By Tracy Dang