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Honda, Audi among best-selling autos

Posted on Wednesday, November 4, 2015 at 9:33:58 AM

New sales figures following the announcement this week that October 2015 might be the best month for U.S. auto sales ever reveal the extent to which some manufacturers are beating expectations. According to data collected by the Los Angeles Times, Subaru sales leapt 20 percent, Mazda more than 35 percent, and Volvo nearly 87 percent. Audi, Volkswagen's luxury brand, shrugged off any of its parent company's residual controversy and saw sales jump about 17 percent last month, its best October ever. 

Other companies are doing equally as well. The New York Times reported that on Wednesday Honda Motor Co. lifted its full-year revenue forecasts modestly after net profits in the third-quarter increased 6.9 percent, largely because of record-setting vehicle sales in North America. The Japanese manufacturer raised its revenue predictions from 14.5 trillion yen to 14.6 trillion in expectation of high year-end sales. 

The success of the auto industry continues to thrive under low fuel prices, higher employment and affordable auto financing, like the kind available at Home Loan Investment Bank. If you're interested in owning a new vehicle, now is the time to get things rolling.