Automotive
New Car Demand Is Undeterred
Anybody can share an optimistic hunch at any time. Adjusting profit projections without really meaning it is called misleading shareholders, which means Subaru is placing its money (and reputation) firmly where its optimistic mouth is on this one.
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⏩🇺🇸Subaru says new car demand in the US is not slowing down, despite inflation.
💰📈Q2 saw about triple profits and a 3% sales increase in the US.
✂️🗓With rival Toyota cutting its US sales forecast and pent-up demand, Subaru increased its full-year operating profit projection by 50%.
🚗🚙A 25% year-over-year increase in US sales is included in the full-year projection.
