October U.S. Auto Sales: 7.5% global increase image

In October, the global U.S. auto sales increased 7.5% from a year earlier, with 1,021,313 cars and light trucks sold, according to the data supplied by Autodata Corp. This increase is attributed mainly to growing used car prices and the increased customer’s need to replace aging vehicles, combined with the generous discounts offered by Japanese automakers as a result of their inventory improvement after the short supply during the summer.

According to Auto Data researchers, the cumulative annual selling rate seasonally adjusted reached 13.26 million vehicles in October, compared to 13.1 million in September and being the the highest since February’s 13.29 million.

GM sales analyst Don Johnson stated: “No doubt we’re seeing a kick up. (…) In 2012, we see 13 million as the baseline.”

The most important sales increases ywar-on-year were registered by Volkswagen (+40%), Chrysler Group LLC (+27%) and Nissan Motor Co (+18%).

Regarding the generous discounts offered by Japanese automakers as a result of their inventory improvement after the short supply during the summer, it must be noticed that Toyota offered an average of $2,367 incentive for each car sold in Octoberi, a figure with 6.6% higher than in Spetember, according to auto-information website Truecar.com.

U.S. Auto Sales For October 2011, as reported on Tuesday by the most important automakers
AUTOMAKER         OCTOBER      LAST YR      PCT CHNG
1 General Motors        186,895         183,759           1.7%
2 Ford Motor               167,803         157,935           6.2%
3 Toyota Motor           134,046         145,474          -7.9%
4 Chrysler                  114,512           90,137         27.0%
5 Honda Motor Co       98,333           98,811          -0.5%
6 Nissan                      82,346           69,773         18.0%
7 Hyundai                    52,402           42,656         22.8%
8 Kia                            37,690          31,199         20.8%
9 Volkswagen              28,028          20,084         39.6%
10 BMW                      27,288          23,222         17.5%
11 Mercedes/Smart    24,449          19,076         28.2%
12 Subaru                   20,081          22,720        -11.6%
13 Mazda Motor Co    18,326          18,013           1.7%
14 Audi                        10,225            8,128         25.8%
15 Mitsubishi                 4,378            5,111       -14.3%
16 Porsche                   2,270            2,647       -14.2%
17 Suzuki                     1,947            2,043         -4.7%
TOTALS                   1,011,019     940,788          7.5%

AUTOMAKER           YTD 2011        YTD 2010         PCT CHNG
1 General Motors      2,089,067        1,822,303           14.6%
2 Ford Motor             1,771,803        1,597,148           10.9%
3 Toyota Motor         1,328,570        1,456,790            -8.8%
4 Chrysler                 1,123,923          910,357           23.5%
5 Honda Motor Co       958,130       1,011,247            -5.3%
6 Nissan                      856,425          743,474           15.2%
7 Hyundai                    545,316          452,703           20.5%
8 Kia                            405,095          299,223           35.4%
9 Volkswagen              263,487          212,774           23.8%
10 BMW                      246,602          215,274           14.6%
11 Subaru                   215,631          216,334           -0.3%
12 Mazda Motor Co    209,641          192,783             8.7%
13 Mercedes/Smart   206,632          184,431           12.0%
14 Audi                          95,206          81,718            16.5%
15 Mitsubishi                 70,253          46,503            51.1%
16 Porsche                   24,934          20,337            22.6%
17 Suzuki                      22,231          19,015            16.9%
TOTALS                  10 ,432,946       9,482,414           10.0%