Honda, Toyota and Vw were the strongest performers in the US last month

Article by Christian Andrei, on September 5, 2012

U.S. auto sales’ last month had been the country’s fastest pace in three years. The strongest performers last month were Honda and Volkswagen. Sales of American Honda surged by 60% while Toyota Motor Sales' volume rose by 46% last month. The Japan-based automakers continued to recover from last summer’s product shortage because of the massive earthquake.

Double-digit gains were recorded by the Detroit 3 and Hyundai-Kia while Nissan North America increased by 8%. In August, the U.S. sales increased by 20% to 1.28 million light vehicles. This led to a seasonally adjusted annual selling rate of 14.5 million, fractionally the highest SAAR this year.

This has been its best pace ever since the 14.6 million rate recorded in August 2009, which is when the U.S. auto industry was rescued by the cash-for-clunkers program.

Bill Fay, Toyota Division general manager, said that while they have observed plenty of “need” purchases this year, they hope to see more “want” buyers especially since they’ve had the best retail market in a year and a half.

According to Kurt McNeil, General Motors vice president of sales operations, the employment growth in July and the indications of recovery in the housing industry "helped overall sentiment" in August.

McNeil added that during the past year, the auto industry has been doing well and they expect this trend to continue. Volkswagen Group of America had won over the Big 7 automakers, with its sales going up by 48%. It has gained 24% or higher each month this year so far.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries