US Sep auto sales down 0.5% year on year

03 October 2016 22:22 Source:ICIS News

HOUSTON (ICIS)--US sales of new vehicles in September decreased by 0.5% from the same month last year, according to a report on Monday from US-based research firm AutoData.

US Sales of New Autos

 

Sep 16

Sep 15

YTD 2016

YTD 2015

Passenger Cars

575,114

619,112

5,429,943

5,917,605

Light Trucks

860,575

823,355

7,685,366

7,134,790

Total

1,435,689

1,442,467

13,115,309

13,052,395

September sales of light trucks rose by 4.5% year on year. However, sales of passenger cars dropped again, this time down 7.1%

Among the three major US automakers, Fiat Chrysler Automobiles (FCA), General Motors and Ford all posted year on year losses of 0.1%, 0.6% and 8.1%, respectively.

Total US sales of new light vehicles year-to-date through September were up by 0.5% compared with the same period last year.

The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

ICIS produces a monthly Global Automotive report covering the major automotive chemicals markets, the auto-industry, the IBAPs and macroeconomic trends. For more information on the report and details on how to subscribe, please click here

By David Haydon