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The Honda Civic broke a July sales record set in 2013, rising 5.8 percent on sales of 32,952 units Accord sales again topped 30,000 units, keeping sales of Honda's three core models on track to top 1,000,000 units for the fourth consecutive year. Increases for both Fit and HR-V topped 25 percent in July while Pilot gained 8 percent. Pilot and HR-V also were up as Honda trucks set a new all-time sales mark for the month. The new Civic continued its remarkable run with another record month in July. CR-V sales rose to an all-time monthly record of 36,017 sales in July, an increase of 13.3 per...
It's not a secret that the auto sales cycle may be turning stormy. Still, that doesn’t mean it is time to batten down the hatches. For those with a little faith in the future, Nissan Motor looks like a bargain. The U.S. auto sales appear to have downshifted for now. This spells tough times for Japan’s auto makers, which count the U.S. among their biggest markets. Toyota Motor Corporation is also feeling more profit-sapping pain from the strong yen. This is due to the fact that a large portion of the vehicles it sells in the U.S. are imports from Japan. Honda and Niss...
There are many signs already that U.S. new vehicle market has slowed down, at the end of July the reports have showed that the industry reached the strongest selling rate. Within July, sales were 1.1% ahead of last year's record pace. The selling rate has grown less than it was expected, that is why many automakers started to fight the stagnation with some powerful incentives. If all of these car brands are protecting their share, doesn't it mean the market is plateauing? The Ford's vice president said that the marketing is more competitive in the last six years. More th...
Toyota Motor corp. revealed that its car sales have suffered a powerful delay this month, by falling down to 15%. Its net income in the last three months has dropped to 552.47 yen. Though the yen has straightened about 11% against the dollar compared to the last year, and because of that the company has lost in exports, by becoming less competitive and cutting the value of repatriated earnings. Toyota's managing officer said that the things are changing every day, by these words he meant the big foreign exchange rate swings. The company has lost an output of about 80,000 cars du...
Ford Motor Co. said Thursday its second-quarter earnings fell 9 percent to $ 1.97 billion and warned of a “very weak third quarter,” as US demand softens and the automaker launched its redesigned versions of heavy trucks.Ford Motor Chief Financial Officer Bob Shanks said "all options are on the table" for cost cuts in Europe because of Britain's vote to leave the EU but said the company is not ready to announce any plant shutdowns in the UK. Shanks said the Brexit vote cost the company $60 million in the second quarter due to the falling value of the British pound. Fo...
