Subaru OutbackBased on initial reports, automakers appear to have had their best sales so far this year in October, despite consumer wariness about the lackluster economy.

South Korean automakers Hyundai Motor and Kia Motors, along with Japan's Subaru and Germany's Volkswagen, on Nov. 2 reported double-digit increases in sales in October. The Big Three domestic automakers along with Toyota Motor (TM), Honda Motor (HMC) and Nissan Motors (NSANY) will report sales later today.

Hyundai said it sold 42,656, cars and sports-utility vehicles last month, up 38% compared to year ago, setting an October record. Sales of the redesigned Sonata midsize sedan and Tucson small SUV were particularly strong, up 125% and 260%, respectively, the automaker said.

Kia, which moved 31,119 units, saw its sales rise 39% compared to last year, also setting a record for the month. Strong demand for Soul and Forte models, along with the U.S.-made Sorento midsize SUV helped propel the jump.

Volkswagen (VLKAY), which recently introduced a redesigned compact Jetta sedan to the U.S. market, said its sales rose 18% above last year's levels to 20,084 vehicles. VW said the new Jetta sold 5,464 units in its first full month of sales, giving the model its best sales month since 2005, excluding last year's "cash for clunkers" rebate period.

Subaru also set a new sales record for the month, as sales jumped 25% on strong demand for its Outback, Forester and Impreza models. In total, the carmaker sold 22,720 vehicles in the U.S. for October.


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thomasva6

ford blows, tried to buy a chevy or dodge in august but they didn't want to deal. kia wanted to deal so we bought a kia. all i can say is DUH.

November 03 2010 at 1:06 PM Report abuse rate up rate down Reply
2 replies to thomasva6's comment
woody72

Thats Un-American, are you a republitard ?

November 03 2010 at 4:11 PM Report abuse rate up rate down Reply
sfamilyent

So, where are these vehicles being assembled? Even the "domestic" automakers assemble vehicles outside of our border for sale in the US. Foreign countries have trade and economic policies to protect their domestic markets, while we allow our consumer base to be exploited with our "free trade" policy... Even Hamilton knew that our economy could not have strong and sustained growth unless we protected our domestic industries... and, we have been letting our domestic auto manufacturing and production sector decline for the past 5 decades...

November 03 2010 at 11:42 AM Report abuse rate up rate down Reply
legalcld

Nothing like supporting FOREIGN companies!! And people wonder why America is so screwed up??? Yep, just keep supporting those FOREIGN companies!!

November 03 2010 at 10:19 AM Report abuse rate up rate down Reply