US: December sales increase for Asian automakers image

Japanese and South Korean automakers followed suite in December and posted strong results on the US market, the second largest auto market in the world.

Five years after the economic downturn, the US auto industry seems to be in the best shape possible, with strong December sales – 1.51 million vehicles and a large yearly gain overall in 2014, with total sales surging to 16.5 million autos. Among Asian automakers, next to GM, Nissan was the only other automaker to surpass analyst previews, with combined sales for the Nissan and Infiniti brands rising 6.9 % to 117,318 models in December. The Japanese carmaker’s full year tally climbed 11% to 1.39 million autos, buoyed by the namesake brand that managed a 12% rise in deliveries.

Honda, the third largest Japanese automaker and a company deeply affected by the Takata airbag recall crisis, saw sales modestly rising by 1.5%, finishing the 2014 delivery rate 1% above the figures of 2013, with 1.54 million vehicles. The premium Acura brand rose 1.5% as the passenger car lineup suffered from a model replacement campaign and only the MDX SUV posted a strong, 24% jump in sales.

Toyota, the world’s largest automaker, managed to secure a 13% growth rate in December, very close to the analyst’ expectations of 14%. The automaker managed to post great results for its passenger cars, with Corolla deliveries jumping 34% last month and Camry sales rising 5.5%. The latter managed to hold on to its title of America’s best-selling car for the 13th year in a row, tallying 428,606 units, climbing 4.9% form 2013. Seoul-based affiliates Hyundai Motor and Kia Motors managed to post combined sales rise of 14%.

Via Bloomberg, Reuters