Trade Resources Company News Mazda Motor Sells 775, 000 Vehicles in First Half of This Year

Mazda Motor Sells 775, 000 Vehicles in First Half of This Year

Mazda Motor said it sold a record 775,000 vehicles in the first half of its 2016-17 fiscal year, slightly more than the previous record set last year.

Europe contributed 123,000 units, up 12% year-on-year thanks above all to robust sales of the Mazda CX-3, a small SUV, and Mazda MX-5 roadster.

The company also reported solid growth in China (+22% to 133,000), the ASEAN region (+18% to 54,000) and Australia (+4% to 60,000).

First-half revenue of ¥1.55 trillion ($1.45bn) was down in yen terms because of the strengthening Japanese currency but up in both euros and dollars. Mazda reported an ¥88.3bn ($830m) operating profit between 1 April and 30 September and net income of ¥56.1bn ($527m).

The carmaker continues to make steady progress with new models and technology, having launched two new SUVs: the Mazda CX-4 in China and the Mazda CX-9 in North America, Australia and elsewhere.

Model updates now being rolled out in Europe include the 2017 Mazda6 and 2017 Mazda3, both of which feature the innovative new SKYACTIV-VEHICLE DYNAMICS control technology.

Production of the all-new Mazda MX-5 RF, the power retractable hardtop version of the legendary roadster, began in October, and the all-new generation of the Mazda CX-5, currently the brand’s top-selling model in Europe, will be unveiled later this month at the 2016 Los Angeles Auto Show.

Mazda is also developing zero-emission vehicles as well as autonomous driving systems, taking a human-oriented development approach to find the solutions best suited to the brand’s well-known driver focus.

The carmaker reaffirmed its global sales target of 1.55 million vehicles for the fiscal year ending on 31 March 2017. It revised other full-year forecasts to reflect the stronger yen, noting that negative currency effects would be at least partially offset by cost and efficiency improvements.

Mazda now projects revenue of ¥3.15 trillion ($30.19bn), expecting an operating profit of ¥150bn ($1.43bn)and net income of ¥100bn ($956m). The company’s annual dividend remains unchanged at ¥35 per share.

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Topics: Auto Parts