Thursday, July 6, 2000
Japanese
Automakers Post Strong Sales Gains In N America
TOKYO (Nikkei)--Japanese automobiles are
selling well in North America, with new car sales
up 15% year on year in June. This is in sharp
contrast to a combined 6% fall in sales at the
Big Three U.S. automakers -- General Motors
Corp., Ford Motor Co. and DaimlerChrysler AG.
Analysts believe that Americans are turning to
fuel-efficient Japanese cars in response to a
near doubling of gasoline price from a year ago.
Mitsubishi Motors Corp. had record monthly
sales of 32,300 units, up 88% from the previous
year. The company revised its North American
sales plan for 2000 to some 300,000 units, up
from 270,000. "We may even realize our
midterm sales target of 400,000 units before
2005," a company official said.
The popular Civic subcompact of Honda Motor
Co. had a 6% increase in sales in June, helped by
its fuel efficiency.
North American sales at Honda and Toyota Motor
Corp. were at record highs in June.
Hino Motors Ltd. and Mazda Motor Corp. also
saw a sharp rise in sales.
(The Nihon Keizai Shimbun Friday morning
edition)
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