English | دری

Toyota and Honda US sales Surged in June

in International Business

Toyota and Honda US sales Surged in June

Sale of Japanese carmakers Toyota and Honda went up by 60% and 49% respectively in the US in the month of June, as Japan’s economy recovered from the disastrous earthquake and tsunami.

The decline in fuel process also boosted the sales growth.

Other motor companies like Nissan Motors (28%), Volkswagen (34%) and Ford Motors (15%) also reported a jump in their sales in the US.

These numbers indicate that economic recovery in the US is going in a good pace and that the growth momentum of the manufacturing sector may continue to rise.

“Despite a rising level of uncertainty with the economic recovery, consumers remain resilient in their willingness to purchase new vehicles,” said Jeff Schuster, senior vice president of forecasting at LMC Automotive.

Tags assigned to this article:
car sales in the USHondaJapanese carmakersToyota

Related Articles

Samsung Galaxy Tab 10.1 sales banned by US court

A court has banned sales of Samsung’s Galaxy Tab 10.1 tablet in the US while it decides on the firm’s

South Korea Announces Fresh Stimulus To Boost Growth

South  Korea has unveiled its second stimulus plan in four days, in an attempt to revive its economy. On Monday,

US economic growth slower than thought in first quarter

The US economy grew at an annualised 1.9% in the first three months of 2012, less than the 2.2% first

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*