Connect with us

International

Subaru CEO Tomomi Nakamura expects first consecutive decline in U.S. sales since the 1990s

Published

on

 


Decline in 2021 would mark the first time since 1995 that Subaru has seen consecutive years of declining sales in the United States

Since 1996, the brand’s annual sales have declined only three times, in 2002, 2007 and 2020. But from 1987 to 1995, its sales declined every year.

Subaru’s lukewarm sales come even as rivals continue to forge ahead – automakers such as Toyota Motor Corp., Mazda Motor Corp. and Honda Motor Co all reported double-digit percentage gains for the first 10 months of the year.

Hyundai-Kia sales rose 29% through October.

Subaru’s slowdown is preventing it from resuming its once-scorching sales pace.

Before the pandemic, the all-wheel-drive niche player was targeting U.S. sales of up to 730,000 vehicles in 2020 – enough to total a 12th consecutive year of record sales in the United States.

But Nakamura predicted a return to growth as the microchip shortage gradually diminishes.

Subaru is still finalizing its U.S. sales outlook for 2022, but Nakamura said the company envisions a volume of around 650,000 vehicles.

This would represent a rebound from the decline expected in 2021, but would only bring Subura sales in the United States back to the level reached in 2017.

“There are still uncertainties about the semiconductor situation. So we don’t really have a firm target at this point,” Nakamura said. “But industry demand will be around 15.5 million or 16 million (in the US). Given that, we’re looking at a number in the region of around 650,000 units.”

Earlier this month, Subaru reported that its profits fell by nearly half in the July-September quarter as supply chain bottlenecks reduced production.

Subaru also lowered its global sales target to 830,000 vehicles for the full year ending March 31, 2022. It had originally forecast global shipments of 1.0 million vehicles.

Subaru also lowered its outlook for operating income, net income and sales.

Sources

1/ https://Google.com/

2/ https://www.autonews.com/retail/subaru-ceo-tomomi-nakamura-expects-first-back-back-us-sales-declines-1990s

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]