Steel Markets
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/ebf516b3655c3caa922e504fb0e978f0.jpg)
August Auto Sales Reach Pre-Recession Levels
Written by John Packard
September 5, 2013
North American auto sales appeared to be healthy in August. The big five auto makers reported the following sales totals for August:
GM reported a 22 percent increase in retail sales. GM specifically reported that Cadillac was up 38 percent, Buick up 37 percent, GMC up 14 percent, and Chevrolet up 10 percent. GM’s August sales were the highest of 2013 and the highest since September 2008.
Ford also saw its highest sales since 2006. Retail sales for Ford were up 20 percent. Ford Fusion set a new sales record in the western U.S. Ford also experienced a 30 percent jump in the sales of small model cars, led by the Fiesta and C-Max Hybrids.
August marked Chrysler’s 30th consecutive month of 100,000+ sales totals. All in all an 11.5 percent lead over last August. American Honda Motor reported a 26.7 percent gain over last August, thus setting a new record for the auto leader. The actual Honda division reported 149,381 units, an increase of 29.1 percent compared with August 2012, whereas the Acura division reported sales of 17,051, a 9 percent increase over last year.
Toyota saw its best month in five years (since May of 2008). The auto maker experienced a 22.8 percent increase over last year. Toyota claims the number one retail manufacturer and the number two overall brand. Toyota experienced strong growth across all of its models.
All in all, August proved to be a very strong (if not record breaking) month for U.S. auto manufacturers.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Markets
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/GrafTech.jpg)
GrafTech’s Q2 loss widens in ‘challenging’ business environment
GrafTech cited a “challenging” part of the business cycle as its net loss widened in the second quarter.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Poor steel margins continue to push down raw material prices
Both iron ore and coking coal prices fell this week because of resistance from buyers. Iron ore prices have continued to fall throughout the past week, following sharp declines in steel prices in China, given no new policy announcement from the ‘Third Plenum’ meeting.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/06/canacero-logo.png)
Op-Ed: The myth of the Mexican steel surge
We have heard ominous warnings about a flood of Mexican steel threatening the US market. It's the kind of rhetoric that gets thrown around often with little regard for the facts. The reality is that the Mexican steel surge is simply not happening, and the US steel industry has consistently maintained a significant trade surplus in finished products with Mexico. In 2023 alone, this surplus exceeded $3 billion.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/graph_up_arrow.png)
Influx of coated products fuels recent import surge
Steel imports fell back in May from April’s recent high but remained elevated compared to the levels seen over the past year. A deeper dive into the data confirms what SMU has been hearing from sources: Coated sheet is driving the recent rise in overall import levels.