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USA -
Big Japanese comeback in the US |
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Have stocks will trade - May’s superficial
happy car sales tale is certainly not what it
seems – Sales bounce greatly distorted by
remarkably effective comeback efforts from
chiefly Toyota and Honda who, thanks to last
year’s crippling supply handicaps, ranked
among last year’s biggest victims of the
crunch. Judged from May’s sales surge, both
Japanese giants have doubly underlined their
dogged determination to not only claw back
the market share lost last year to Detroit’s
rivals, but also the ground lost to anyone else
May’s outwardly impressive electrifying rate of US Light-vehicle sales expansion isn’t quite what it seems. 5.7%
Instead of the implied sharp acceleration in the market’s
underlying sales rate, May’s bullish looking 25.7 per
cent jump in sales is due foremost
to the expected big rebound from
some of Japan’s earlier supply strapped carmakers,
which couldn’t fail but catapult May sales into extra
high orbit.
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