General Motors Co. and Chrysler Group LLC gains led November U.S. auto sales that accelerated to the fastest pace in more than five years as dealers stepped up promotion of year-end offers to try to control rising inventory.
Honda Motor Co. said its U.S. sales are growing in October, defying analysts’ projections. That may drive industrywide deliveries to exceed the average outlook, already anticipated as the best in eight months.
Honda Motor Co. and Fuji Heavy Industries Ltd.’s Subaru led U.S. sales gains in August as auto demand beat projections and Asia-based carmakers, buoyed by Toyota Motor Corp., combined for their best month ever.
Toyota Motor Corp., maker of the Camry sedans and Prius hybrids, led sales of Asian automakers higher in the U.S. last month, gaining market share as deliveries at General Motors Co. and Ford Motor Co. fell.
Ford Motor Co., the second-largest U.S. automaker, said U.S. industrywide auto sales will rise in the second half on greater availability of models and increased demand after reaching a low point in May and June.
Nissan Motor Co.’s take-no-prisoners approach to gaining U.S. market share has the auto industry worried that a price war is brewing that will erode the profit progress made since the recession ravaged auto sales.
Honda Motor Co. and Toyota Motor Corp. led U.S. volume gains in July for Asia-based automakers as they battled for mid-size sedan sales leadership amid intense competition from Ford Motor Co. and Nissan Motor Co.
Toyota Motor Corp.’s promotion of Camry sedans and Prius hybrids with cheap loans and leases helped the carmaker top analysts’ estimates in June as Asian brands benefited from the fastest U.S. sales pace in 67 months.