- Language: English
- 1493 Pages
- Published: March 2012
- Region: World
April U.S. Auto Sales Continue Steady Rise From 2010 Levels; April SAAR Close To S&P?s Full-Year Expectations
- Standard & Poors
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Research Type: Commentary
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April light-vehicle sales improved 17.7% over sales in April 2010, as the seasonally adjusted annualized rate (SAAR) of sales came in at 13.1 million units (according to Ward's AutoInfoBank), but only marginally above sales in March 2011 (see chart 1). In Standard & Poor's Ratings Services' opinion, the recent specter of higher gasoline prices, which were up over 30% since last April, could dampen the continued sales recovery. As expected, the SAAR for April reflected higher demand for smaller, more fuel-efficient cars. Still, we believe consumers are slightly less cautious about making big-ticket purchases than in early 2010, but gas prices will affect consumer purchasing patterns and, potentially, how fast sales rebound. April's SAAR showed the pace of auto sales...
Companies mentioned in this report are: Chrysler Corp.,Ford Motor Co.,Nissan Motor Co. Ltd.,Honda Motor Co. Ltd.,Toyota Motor Corp.,Hyundai Motor Co.,Kia Motors Corp.,Chrysler Group LLC,General Motors Co.
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Chrysler Corp.,Ford Motor Co.,Nissan Motor Co. Ltd.,Honda Motor Co. Ltd.,Toyota Motor Corp.,Hyundai Motor Co.,Kia Motors Corp.,Chrysler Group LLC,General Motors Co.
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