Strong sales for Mazda

MAZDA CX-5: Sales up 15 per cent in Europe. Photo: Mazda

SPAIN led the way amongst European countries as Mazda showed strong sales growth in the first nine months of the 2018-2019 fiscal year.

Sales in Europe were 196,000 units, up 2.0 per cent year-on-year, with strong growth continuing in Spain with 16,000 vehicles sold (+10 per cent) and the UK with 25,000 units (+6 per cent). Sales in Europe were driven by the Mazda2 and the Mazda CX-5, up 8.0 per cent and 15 per cent year-on-year respectively.

Globaly the corporation sold a total of 1,170,000 units during this period.

Demand for the company’s crossover models remained strong and the introduction of several updated models – Mazda 6, CX-3 and MX-5 – drove sales momentum towards the end of the first nine months.

As in the first half of the fiscal year, the ASEAN region saw the highest year-on-year increase in vehicle sales in the nine months from 1 April to 31 December, with unit sales up 26 per cent to 104,000 and Japan contributed to the growth with a 7 per cent lift in sales to 150,000 units. North America sold 320,000 units.

Mazda’s sales performance during the first nine months brought in revenue of ¥2,622.6 billion (€20.3 billion), resulting in an operating profit of ¥59.6 billion (€462 million) and net income of ¥37 billion (€286.8 million).

Mazda’s full-year forecast has been revised to reflect the current status of sales volume and exchange rate assumptions. The full-year forecast of global sales volume is now 1,569,000 (previously 1,617,000) and operating profit of ¥80 billion (€625 million; previously ¥70 billion) and net income of ¥55 billion (€429.7 million; previously ¥50 billion).

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Written by

Dilip Kuner

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