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May U.S. Auto Sales Slip Below 2010 Levels; SAAR Falls Below Standard & Poor's Full-Year Expectations Jun 11 Product Image

May U.S. Auto Sales Slip Below 2010 Levels; SAAR Falls Below Standard & Poor's Full-Year Expectations Jun 11

  • ID: 1835629
  • June 2011
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • BMW AG
  • Chrysler Group LLC
  • Fiat SpA
  • General Motors Co.
  • Hyundai Motor Co.
  • Mitsubishi Motors Corp.
  • MORE

Abstract
Light-vehicle sales declined 3.9% from sales in May 2010, as the seasonally adjusted annualized rate (SAAR) of sales came in at 11.8 million units (according to Ward's AutoInfoBank)--a significant 10.5% below the SAAR in April 2011 (see chart 1). In Standard & Poor's Ratings Services' opinion, lower production and inventories of vehicles following the March disaster in Japan, in combination with the recent experience of higher gasoline prices, which were up nearly 40% since last May, were the main reasons for the lower sales rate. As we expected, the SAAR for May reflected higher demand for smaller, more fuel-efficient cars. May's SAAR was well below our current expectation of 12.9 million units for the full year. We believe this could...

Companies mentioned in this report are:
- Chrysler Corp.
- Ford Motor Co.
- Renault S.A.
- Nissan Motor Co. Ltd.
- Daimler AG
- Honda Motor Co. Ltd.
- Toyota Motor Corp.
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- BMW AG
- Tata Motors Ltd.
- Hyundai Motor Co.
- Mitsubishi Motors Corp.
- Kia Motors Corp.
- Chrysler Group LLC
- General Motors Co.

Standard and Poors RatingsXpress READ MORE >

Note: Product cover images may vary from those shown

- Chrysler Corp.
- Ford Motor Co.
- Renault S.A.
- Nissan Motor Co. Ltd.
- Daimler AG
- Honda Motor Co. Ltd.
- Toyota Motor Corp.
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- BMW AG
- Tata Motors Ltd.
- Hyundai Motor Co.
- Mitsubishi Motors Corp.
- Kia Motors Corp.
- Chrysler Group LLC
- General Motors Co.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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