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Honda CEO Takahiro Hachigo expects his company's U.S. sales to grow next year even as the market flattens, putting more pressure on North American production capacity that already is stretched to the limit. As a remedy, he soon may fire up Honda's Japan export engine. In an interview Hachigo said a blitz of key redesigns, starting this fall with the redesigned CR-V and continuing with updates to the Odyssey and Accord, will intensify the capacity problem. Takahiro Hachigo said that if they reach 1.7 million U.S. sales this year, then they will probably add on top of that nex...
Nissan is very proud this September, since its Micra model was the most exported car from India, followed by Ford's Ecosport and General Motor's Beat. For the last few years, the Japanese automajor companies Nissan and Ford of US have been on the top slots. Month-over-month, one of the two companies will be number one and two. 7,412 units of Micra were exported in September. Ford's EcoSport sold 6,837 units while General Motors' Beat sold 6,643 units. Micra was launched by Nissan in 2010 and it was one of the successful products for the company both in domestic and ...
Japanese automakers Toyota Motor and Nissan Group posted U.S. sales increases in September, while Honda sales were flat, despite projections of an overall industry decline for the month. Toyota's sales rose 1.5% for the month to 197,260 vehicles, as the company's namesake Toyota brand rose 1.4% and its luxury Lexus brand increased 2%. American Honda sold 133,655 units in September, just 95 fewer than it sold a year earlier. The namesake Honda brand recorded a 1.5% increase, while the Acura luxury brand fell 12.9%. Nissan Group posted a surprisingly strong month for U.S. sale...
After a record-breaking 2015, luxury sales are expected to slow down, that's what analysts say. It is hard to compete with last year's sales results, and we knew it all along. One of the Analysts say that at the moment, the possibility of 2016 to be able to beat 2015's record, is close to 0. For the past 10 years, sales for premium brands have grown faster than non-premium carmakers and SUVs have sold faster than cars. Though that trend is expected to continue, the market for new luxury cars and SUVs is beginning to cool after showing signs of tapering toward the end of ...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
