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Sales in May U.S. auto industry has been clobbered
 

U.S. Eastern Time on June 1 (Beijing time on June 2) news, the U.S. auto industry in May sales report showed that car sales suffered the first 18 months fell, mainly due to the Japanese market supply shortage caused by the earthquake, higher car prices and economic uncertainty caused by market concerns.

    Wednesday, according to General Motors Corporation (GM), the latest statistics, in May U.S. auto sales to 1.09 million, down from 1.1 million last year. Seasonally adjusted, the United States car and truck sales in May decreased annual rate of less than 1,300 units, the lowest since the January sales. Decrease was mainly derived from new vehicle prices, the Japanese market supply shortage caused by the earthquake, and raised fears of economic recovery is weak, so that car manufacturers sales were suppressed.

    May, GM car sales fell 1%, down from 223,410 a year earlier to 221,192 vehicles; Ford Motor Company (Ford) 5 month sales fell less than 1% of the total sales of 192,102 units; The Big Three automakers Chrysler (Chrysler) sales increased 10% to 115,363 vehicles, mainly due to its Jeep brand sales rose 55%.

    GM Johnson, vice president of U.S. sales (DonJohnson) said that economic recovery is weak and uncertain prospects for auto sales caused by a decline. The U.S. unemployment rate is high, gasoline prices continued to rise, real estate depreciation, making a considerable number of consumers plan to purchase canceled or postponed. He believes that in the next few months, U.S. auto sales below 1,300 units per annum will continue.

    IHS Automotive analysts believe that the shortage of cars and spare parts is still the biggest reason for decline in car sales. According to the current sales pace, the U.S. shortfall of at least 400,000 existing stock of vehicles. May, Toyota Prius sold only enough stock for 10 days. And generally speaking, the 60-day supply sales will be considered healthy.

    As the Japanese market supply shortage caused by the earthquake, the Japanese cars in May in the U.S. market hit hard. Toyota Motor (ToyotaMotor) most of the vehicles produced in Japan, in May sales fell 33%; Honda Motor (HondaMotor) sales fell 23% to 90,773 vehicles. Honda said its North American vehicle production until August to return to normal; Nissan Motor Co. (NissanMotor) said that as parts shortages caused by production cuts, the May sales volume fell 9.1% to 76,148;

    This is the United States in more than eighteen months the second time since the marked decline in car sales, for the first time in August 2010 because the U.S. government implemented a trade-in of the stimulus boosted car sales in the policy to lead the automotive industry sales experience of the first collective decline.

    According to the well-known automotive information site Edmunds.com, predicted that car sales will continue to recover steadily, but at least before 2016 will not return to pre-recession levels. The site's chief economist LaceyPlache believe that the recent trend of car sales will be "a robust pace," forward, but sustained growth is still need for a comprehensive economic recovery environment.

The article above is transfered from glow plug, and spark plug



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