Mazda Reports Record December Sales And FY23 Sales Results; Total December Sales Of 39,518 Vehicles, An Increase Of 44.8% YoY; Full-Year Sales Totaled 363,354 Vehicles; An Increase Of 23.2% YoY
Portfolio Pulse from Benzinga Newsdesk
Mazda North American Operations reported a record December with sales of 39,518 vehicles, a 44.8% increase YoY. FY23 sales also rose to 363,354 vehicles, up 23.2% YoY. The CX-50, CX-5, and CX-30 models achieved best-ever December sales. Mazda's CX-90 started U.S. sales in March and won the Good Housekeeping 2024 Family Travel Award. Tom Donnelly became President and CEO in April. Mazda Toyota Manufacturing celebrated its fifth anniversary. All tested Mazda vehicles earned the IIHS 2023 TOP SAFETY PICK, with the CX-90 receiving the TOP SAFETY PICK+ after the first U.S. crash test. Mazda Canada and Mazda Mexico also reported sales increases in December and FY23.
January 03, 2024 | 3:49 pm
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POSITIVE IMPACT
Mazda's record December sales and strong FY23 performance, along with safety accolades for its vehicles, indicate a positive trend in the company's operations in North America.
The reported increase in sales and the achievement of safety awards are likely to be viewed positively by investors, suggesting a potential increase in stock price in the short term. The company's strong performance in key markets and product accolades contribute to a favorable outlook.
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IMPORTANCE 90
RELEVANCE 100