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.
Related Articles
Ahmadinejad’s opponents criticize him for his actions in economic crisis
Mahmoud Ahmadinejad’s conservative opponents, who hold 290 seats in the parliaments, have severely criticized Ahmadinejad’s handling of the economic crisis.
Greece rejects bailout offer
Greece voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt
Spain’s Manufacturing Sector Deceleration Eased
Spain’s manufacturing sector continued to contract in August as a recession weighed on production, but the downturn did at least
