. Energy News .




.
CARBON WORLDS
US May auto sales rise 20% on sweeter incentives
by Staff Writers
Detroit, Michigan (AFP) June 1, 2012


With Toyota and Honda leading the way, US car sales rose by more than 20 percent in May from a year ago, juiced up by increased incentives amid a slow US economy, industry figures showed Friday.

In total, 1.33 million new cars and trucks were sold in the United States last month, according to market researcher Autodata.

But that was fewer than the 1.39 million vehicles forecast by specialist website Edmunds.com, which said that automakers increased their incentives in May, spending $2,135 per vehicle to close a deal.

"Even if sales are lower this month than so far this year, the overall pace is still the highest of the recovery to date," said Edmunds.com chief economist Lacey Plache said.

The Japanese recovery after the March 2011 earthquake-tsunami disaster that forced plant shutdowns and disrupted supply chains for months gained momentum in May.

Toyota sales in the United States soared 87 percent and Honda's sales jumped 46 percent from May 2011 levels.

Bob Carter, Toyota Motor Sales vice president, said the higher sales indicated Toyota not only had recovered from the shortages created by the tsunami but its new products were winning over customers.

Toyota said it was helped by several other factors among them rising consumer confidence, better credit availability, and a steady flow of traffic through its showrooms.

John Mendel, American Honda executive vice president of sales, echoed the sentiment.

"With our best May sales performance since before the financial crisis it's obvious Honda's return to strength is in full swing, and our May sales are impressive irrespective of last year's production supply problems," Mendel said.

Fiat-controlled Chrysler and Germany's Volkswagen posted increases of almost 30 percent from a year ago.

General Motors and Ford, the number one and two US automakers, respectively, and Nissan also reported double-digit increases.

Companies such as BMW, Nissan, Mercede-Benz, Subaru, Volkswagen and Fiat-controlled Chrysler also fared well in May.

"In spite of a tremendous amount of global economic uncertainty, the US new vehicle sales industry continues to power ahead," said Reid Bigland, Chrysler's US sales chief.

"Our May sales increased 30 percent and represented our 26th consecutive month of year-over-year sales growth. We are also in the process of adding production capacity as quickly as possible to meet strong demand for our products," he said.

GM, the leading US automaker, said sales increased 11 percent from May 2011, hitting 245,256 units, the highest monthly total since August 2009 when sales benefited from the government's "Cash for Clunkers" program.

GM brands Buick and GMC both had sales increases of 19 percent and Chevrolet was up 10 percent.

"GM's sales in May were the highest in almost three years and we are poised to keep delivering good news for the US economy with one of the most aggressive new product offenses in our history," said GM's US sales head Don Johnson.

Every GM brand but Cadillac, where the launch of two new models is pending as it sells down older ones, posted a year-over-year increase, action not seen in recent months, noted Edmunds.com senior analyst Michelle Krebs.

Toyota, which recovered its position as global number one recently after two dark years, sold 202,973 units, up 87.3 percent from a year earlier.

Ford sold 216,267 vehicles in May, a 13 percent increase.

"Fuel efficiency continues to be a top purchaser driver, and Ford's wide range of fuel-efficient products delivered again," said Ken Czubay, Ford's vice president of US Marketing, Sales and Service.

Nissan North America sold 91,794 units, up 20.5 percent from 2011. Infiniti sales jumped 65.8 percent, with 10,592 units sold.

The strong May performance had analysts expecting 2012 total US vehicle sales to hit 14.5 million, up from 12.8 million last year.

"Sales are continuing to rebound and consumers are feeling more comfortable buying highly contented vehicles," said Jesse Toprak, vice president of Industry Trends and Insights for TrueCar.com.

"Consumers are not just buying cars, but they're paying fuller prices."

Related Links
Carbon Worlds - where graphite, diamond, amorphous, fullerenes meet




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



CARBON WORLDS
New materials could slash energy costs for CO2 capture
Houston TX (SPX) Jun 01, 2012
A detailed analysis of more than 4 million absorbent minerals has determined that new materials could help electricity producers slash as much as 30 percent of the "parasitic energy" costs associated with removing carbon dioxide from power plant emissions. The research by scientists at Rice University, the University of California, Berkeley, Lawrence Berkeley National Laboratory (LBNL) and the E ... read more


CARBON WORLDS
CryoSat goes to sea

S Korea to develop geostationary satellite for environmental monitoring

LiDAR Technology Reveals Faults Near Lake Tahoe

Satellite maps ocean floor

CARBON WORLDS
Lockheed Martin Completes Navigation Payload Milestone For GPS III Prototype

TomTom eyes expanding S. American market

Spirent Launches New Entry-Level Multi-GNSS Simulator

Beidou navigation system installed on more Chinese fishing boats

CARBON WORLDS
Highway through Amazon worsens effects of climate change, provides mixed economic gains

Standing trees better than burning ones for carbon neutrality

'Missing' Borneo radio host says he is in hiding

New study reports rise in community land rights in tropical forests; most laws unenforced

CARBON WORLDS
Scientists identify mechanism for regulating plant oil production

UGA scientists map and sequence genome of switchgrass relative foxtail millet

Energy-dense biofuel from cellulose close to being economical

Nuisance seaweed found to produce compounds with biomedical potential

CARBON WORLDS
AREVA Solar's Kimberlina Power Plant awarded POWER Magazine's 'Top Plant'

Q.CELLS Finalizes Construction of 69MW Project in North America

Eco Environments delivers biggest solar PV project in the North of England

Trina Solar brings clean solar energy to Lotus F1 Team headquarters

CARBON WORLDS
Wind Powering An Island Economy

China Leads Growth in Global Wind Power Capacity

US slaps duties on Chinese wind towers

Obama pushes for wind power tax credit

CARBON WORLDS
Huge Australian coal mine wins conditional approval

Russia expands presence on Spitsbergen

Australia scraps coal port expansion

Trapped China miner found after 17 days: state media

CARBON WORLDS
Dalai Lama envoys resign: Tibet exile govt

China rounds up activists on Tiananmen anniversary

Hong Kong vigil as China rounds up Tiananmen activists

China cracks down on Tiananmen anniversary


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement