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Posts Tagged ‘toyota sales’

Hyundai – Kia Sales to Hit Record 8 Million

But profits under pressure.

by on Nov.25, 2014

A fuel-cell version of the popular Hyundai Tucson went on sale in the U.S. market last summer.

Hyundai Motor Co. and its sibling Kia Motors Corp. are collectively heading for an all-time sales record of 8 million this year.

On the downside, Hyundai is facing serious pressure on earnings as the Korean won gains strength. That creates a disadvantage when compared to Japanese rivals who have watched earnings soar on the weak yen.

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“The market still does not look rosy,” Chung Mong Koo, who serves as chairman of both Hyundai and Kia, said in the statement. “Let’s overcome the unfavorable market situation and show our automobile industry’s competence.”

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U-M Predicts US Auto Sales Topping 17 Million in 2016

Forecast shows “meaningful” growth for economy next year.

by on Nov.21, 2014

University of Michigan economists predict U.S. new vehicle sales will hit 17 million units in 2016. As the economy recovers, sales of trucks are going to grow.

The expansion U.S. economy next will boost sales of new vehicles and set the stage for industry-wide sales, reaching 17 million units in 2016, according to a new forecast the economists at the University of Michigan.

The economy will grow by more than 3% next year — its highest rate in 10 years, they added. The university auto sales numbers of 16.6 million in 2015 and 17 million the following year add to the chorus of predictions for a sustained stretch of prosperity for the industry.

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By and large, automakers appear comfortable with the predictions of strong, steady sales over the next couple of years. (more…)

Toyota Beats Earnings Estimates on Strong Sales

Maker ups forecast for the rest of the fiscal year.

by on Nov.05, 2014

Toyota reports quarterly profits of $4.2 billion: an increase of 12.6%.

With its sales on track to remain number one in the industry, Toyota Motor Co. saw its worldwide net income jump 12.6% for the first half of the fiscal year, to $10.9 billion, while income for the July to September quarter rose to $4.2 billion, exceeding industry analysts’ expectations.

The maker credited several factors, including strong demand for its vehicles in most markets, though it did see some declines in the home Japanese market and some other parts of Asia. The weak yen also contributed to the maker’s performance during the second quarter of the year – as it did for Japanese rivals Nissan and Honda.

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Toyota said it now anticipates net income for the full fiscal year ending next March 31 to reach $19.2 billion, though sales dip slightly. (more…)

Automakers Defy Expectations with August Sales

Chrysler, Nissan, Ford, Toyota all post gains.

by on Sep.03, 2014

Nissan Rogue sales were up 24% in August, helping the company to an 11.5% increase overall.

Easy credit, rising consumer confidence and strong demand for utility vehicles and trucks pushed new vehicle sales upward towards a seasonally adjusted average rate of 17 million units in August, helping the auto industry maintain the momentum it had built up throughout the summer.

Chrysler, Ford, Audi, Nissan, Hyundai, Toyota all posted sales gains during August while General Motors and Volkswagen reported their sales dropped last month despite the strong consumer demand for new cars and trucks.

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The strong results defied analyst expectations of a small overall increase of just .1%. In fact, multiple automakers reported they expected industry-wide August sales to rise 3% overall. The early reports support their assertions. (more…)

Toyota Expects to Sell 100,000 More Cars in 2014

Strong fundamentals, redesigned Camry make the difference.

by on Aug.15, 2014

Toyota Vice President Bob Carter told a crowd last night in New York that the maker will sell 100,000 more vehicles this year.

Toyota expects industry-wide vehicle sales to hit 16.3 million units, an increase of just over 5% and expects to sell 100,000 more units this year than it did in 2013, according to Bob Carter, Toyota Motor Sales senior vice president for automotive operations.

During a speech in New York, Carter noted the growth this year is slightly slower than the past few years, but is being driven by stronger economic and market conditions and a hangover pent-up demand from the recession.

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Moreover, 400,000 more customers than last year are expected to come off leases from all brands and most will turn around and buy or lease a new vehicle, helping push sales higher, Carter added. (more…)

Toyota Earnings Surge 5% on Sales Gains in U.S., Europe

But maker loses ground at home.

by on Aug.05, 2014

The new Toyota Corolla hit big in the U.S. and Europe.

Driven by strong demand in both North America and Europe, Toyota Motor Co. saw earnings surge 5% in the latest quarter.

Toyota earned 587.77 billion yen, or $5.7 billion, an all-time record, during the April-June quarter, up 4.6%, while global sales increased 2%, to 6.39 trillion yen, or $62.3 billion. Both numbers exceeded industry analysts’ forecasts. According to FactSet, the consensus called for a 12% decline in earnings compared to a year ago, with only a 1% gain in sales.

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The earnings announcement came just days after Toyota released its sales numbers for the first six months of 2013 showing it had remained the world’s largest automotive manufacturer, and apparently still on track to become the first in the industry to sell 10 million vehicles in a single calendar year – though the maker slightly reduced the sales forecast it announced in January.

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Detroit Automakers Lead July Sales Increases

Chrysler and Ford hit double-digit gains; GM just misses.

by on Aug.01, 2014

The new Jeep Wrangler posted a 14% increase last month for its best-ever July sales result.

With Detroit’s automakers leading the way, new car sales remained very strong during July thanks to an improving economy, ample financing and the appeal of new products that have given automakers a major lift.

Transaction prices also continued to exceed $32,000 per unit as consumers and automakers remained willing to take on more debt for a new vehicle and carmakers and banks remained more than willing to underwrite it. Analysts said.

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Chrysler Group continued to roll last month reporting a 20% increase compared with sales in July 2013. The Chrysler, Jeep, Dodge, Ram Truck and Fiat brands each posted year-over-year sales gains in July compared with the same month a year ago. (more…)

Toyota Maintains Global Sales Lead – Barely

VW closing gap as GM settles into third spot.

by on Jul.30, 2014

Strong demand for new models, such as the redesigned Corolla, helped Toyota retain the sales lead for the first half of 2014.

While its lead has been narrowing, Toyota Motor Co. retained its crown as the world’s best-selling automaker during the first half of 2014.

The maker edged out rivals Volkswagen AG and General Motors in the global sales sweepstakes as demand for its cars, trucks and crossovers surged to 5.097 million between January and June, a 4% increase fueled by growth in markets ranging from U.S. and Europe to China and the Japanese home islands.

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That was not only an all-time record but exceeded forecasts – while positioning Toyota to meet a goal of becoming the first automaker ever to sell 10 million vehicles in a single year. VW is also shooting for the 10 million mark, though preliminary data indicate it only tallied sales of 4.97 million vehicles during the first half, GM following at 4.92 million.

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GM Remains in Tight Race for Global Sales Leadership

VW holds tiny lead, but Toyota has yet to weigh in.

by on Jul.17, 2014

GM is hoping new product - such as the Chevy Colorado, shown here with product chief Mark Reuss - will help it regain global sales leadership.

Despite recalling millions of vehicles and watching billions of dollars in new legal claims pile up during the first half of the year, General Motors is still in a relatively close race for global sales leadership with rivals Volkswagen and Toyota.

GM has reported selling 2.5 million vehicles around the world during the second quarter of 2014, with year-over-year sales in the United States and China, the company’s two largest markets, growing by  7% and 8%, respectively. Globally, GM’s total sales were up 0.5% for the second quarter. In the first half, GM sold 4,921,928 vehicles, up 1.4%.

Stay in the Race!

Volkswagen AG, thanks to strong sales in China and a solid performance in Europe as well as gains by Audi and Porsche, held a whisker-thin lead with sales of 4.97 million vehicles worldwide during the first half of the year. VW is actively targeting global sales leadership – but the race likely won’t be determined until later this month when Toyota Motor Co. weighs in with its own figures.

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New Car Sales Soar in May

Ford defies expert predictions with small sales increase.

by on Jun.03, 2014

Jeep Wranger saw its best May sales ever last month. The Jeep brand overall was up 58% during the period.

Buoyed by fantastic weather and a fifth weekend for dealers to move metal, new vehicle sales during demonstrated renewed strength in May.

Those factors helped Jeep post its best monthly sales in history and led General Motors to predict it would gain marketshare this year.

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General Motors, Ford, Chrysler, Nissan, Toyota, Hyundai and Audi all reported increased sales during May. (more…)