Subaru Hits All-Time Sales Record In August, Outback Sales Up 56%
Fuji Heavy Industries Ltd (ADR) (OTC: FUJHY), the Japanese manufacturer of Subaru, is coming off its best August ever.
The company sales increased a remarkable 15 percent for the month, with unit sales surpassing 60,000. Even more impressive is that sales for Subaru came during a down month overall for U.S. auto sales.
Subaru is thriving off its reputation as one of the most reliable automakers in the industry. Subaru's Forester sales increased 12 percent to 19,658 units, while its Outback model sales experienced a solid 56 percent increase to 17,358 units.
Year-to-date sales for Subaru are up 4.4 percent to 391,969 units. The company has roughly the same market cap as electric-vehicle giant Tesla Motors Inc (NASDAQ: TSLA) at $30.79 billion versus $29.93 billion. Comparatively, Tesla sold roughly 5,000 units in August.
Fuji Heavy Industries stock is up 1.35 percent on the day.
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