US: Asian automakers show strong performance in June image

Just as the overall pace of the industry managed to stay ahead of predictions and post another positive month, so did the traditional Asian automakers, which managed a strong performance – a 2.1% rise to 632,027 units.

Most of the major automakers reported good to very good performances last month, even though analysts feared the overall sales could take a hit after the strong numbers in May. Toyota jumped in front of analysts’ predictions, which were polled by Reuters at an average gain of 2.7% and posted a 3.3% rise to 201,714 units.

“Sales in the first half of 2014 indicate a steadily recovering industry, and we expect this pace to increase as we move into the second part of the year,” said Bill Fay, group vice president for the Toyota Division. “In June, Camry and Corolla posted double-digit gains as passenger cars showed renewed strength industrywide.”

Nissan also posted strong numbers last month, beating average estimates compiled by Bloomberg of 3%, gaining instead 5.3% to a total of 109,643 vehicles. On the other hand, the only Asian automaker to match expectations was Honda, which had a decline of almost 6% to a total of 129,023 autos.

Hyundai and Kia’s combined deliveries grew by 2.2% to a total of 118,051 cars, with Hyundai saying on Twitter the brand managed a 3.7 growth, while Kia only reported a modest 0.2% increase.

Via Bloomberg, Reuters