Subaru, the automotive manufacturing arm of Japanese industrial company Fuji Heavy Industries Ltd. (Tokyo: 7270), reported June U.S. car sales rose 40 percent over the year before.
Sales for the first half of 2012 were also up 24 percent from 2011, according to Subaru. Strong June sales were fueled by massive sales gains for all of Subaru's models, particularly the Impreza, which increased sales by 147 percent. June marked the seventh consecutive month of sales gains for Subaru.
A seventh consecutive month of sales gains clearly indicates that our lineup of sedans and crossover vehicles -- and our new BRZ sports car -- are hitting the sweet spot for consumers, said Bill Cyphers, senior vice president of sales for Subaru of America.
Fuji Heavy Industries Ltd. (Tokyo: 7270) shares rose 2.05 percent to 647 yen ($8.10) Tuesday.