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TrueCar.com predicts sales of new cars in the U.S. will rise 17% in August Y/Y, which translates...

TrueCar.com predicts sales of new cars in the U.S. will rise 17% in August Y/Y, which translates into an annualized rate of 14.2M, up from 12.1M a year earlier and 14.1M in July. GM and Ford (F) will continue to lose market share as Japan's economy recovers, the report says, adding "Volkswagen is quietly becoming a serious player whose growth can’t be ignored.”
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Comments (2)
  • positivethoughts
    , contributor
    Comments (1928) | Send Message
     
    Last I read, Japan's economy is expected to retract 0.9%, approximately. I don't think Japan's economy will be turning positive anytime soon, so I wouldn't count on it. Unless the article is referring to Japan's car parts manufacturers getting capacity back up to pre-tsunami levels and how that will affect Toyota's ability to build and supply cars to the North American markets. The article doesn't specify the meaning of such a claim.
    29 Aug 2012, 02:45 PM Reply Like
  • Tdot
    , contributor
    Comments (4032) | Send Message
     
    Well, for one thing, Americans, who buy more Japanese brand cars than anyone in the galaxy, including the Japanese, largely held off on buying new cars while Fortress Japan's walls crumbled under the Tsunami/Nuke disaster. The walls are rebuilt, the factories are back at full steam, and the Americans are buying up those Toyota and Honda cars faster than they can be built. Billions upon Billions in raw profits for Japan's economic healing.
    30 Aug 2012, 07:32 AM Reply Like
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