After we’ve found out that almost each automaker has revealed sale decrease for July 2017, we had been thinking that probably specialists were right calling the car industry doomed, but now that w know that Subaru Corp.’ sales climbed 18%, we’re not so sure anymore
Operating income climbed 18 percent for the company’s fiscal first quarter ended June 30. Net income increased 4.4 percent to 82.33 billion yen ($732.9 million) in the period. Revenue advanced 11 percent to 854.77 billion yen ($8.90 billion) in the April-June period, driven by an 11 percent increase in worldwide sales to 271,300 vehicles. Subaru was able to keep sales growing in the U.S., the company’s biggest market, despite cooling overall demand by tailoring new products to better match American tastes. Improvements to the retail network also helped. As the automaker mainly focuses on SUVs, the growing popularity of SUVs is a good thing for it.
North America, which accounts for about 70 percent of Subaru’s global sales, underpinned the expansion in Subaru’s first-quarter profits. Regional in North America grew 11 percent to 189,000 vehicles. Canada sales grew by just 100 units to 15,500 vehicles in the quarter. Business in Japan backed the worldwide sales advance, with volume in the home market climbing 30 percent to 40,500 vehicles in the three months. European sales declined 4.2 percent to 10,000 vehicles, while Subaru volume in China posted a 16 percent tumble to 8,000 units.
