Al Castignetti News
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U.S. auto sales accelerated to the fastest pace in four years, led by Chrysler Group LLC and a surprise gain from General Motors Co., as demand strengthened throughout automakers’ lineups.
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Toyota Motor Corp., seeking record U.S. Prius sales in 2012, said increased supply of the hybrid helped the automaker beat analysts’ estimates for February sales and will buoy gains in March amid rising fuel prices.
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Honda Motor Co. ended eight months of shrinking U.S. sales with an unexpected January gain as recovering auto demand also buoyed growth for Toyota Motor Corp., Nissan Motor Co. and Hyundai Motor Co.
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Nissan Motor Co. , aiming to be the world’s largest seller of electric cars, expects to deliver as many as 12,000 battery-powered Leaf hatchbacks to U.S. customers this year as orders are confirmed and production quickens.
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Toyota Motor Corp., Nissan Motor Co., Hyundai Motor Co. and Kia Motors Corp. delivered more vehicles in the U.S. than analysts estimated as auto demand climbed to the highest of the year.
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Toyota Motor Corp.’s December sales gain beat analysts’ estimates and Kia Motors Corp. had the biggest increase among Asia-based brands, capping the U.S. auto industry’s best year since 2008.
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Toyota Motor Corp. posted its largest U.S. sales increase in five months and Hyundai Motor Co. led gains for Asia-based brands as September auto demand grew at the fastest rate since 2009’s “cash for clunkers” program.
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U.S. auto sales in September accelerated to the fastest pace since the federal government’s “cash for clunkers” incentive program last year as deliveries by the top 14 automakers all rose.
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General Motors Co., Ford Motor Co. and Toyota Motor Corp.’s April U.S. sales increases missed analysts estimates amid the “ebb and flow” of the economic recovery.
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Nissan Motor Co. , Japan’s second- largest automaker, said its March U.S. vehicle sales rose 27 percent to a monthly record.
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