Market Overview

Subaru Hits All-Time Sales Record In August, Outback Sales Up 56%

Share:
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.

Related Link: Honda Vehicle Sales Dipped 3.8% In August, But American Trucks Set An August Record

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.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: SubaruNews Technicals Travel Econ #s Movers Trading Ideas General Best of Benzinga

 

Related Articles (TSLA + FUJHY)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Pacific Crest Unimpressed With VMware's VMworld Conference

Box's Billings Bounce Back In Q2