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January 2, 2008 |
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MAZDA MOTOR: Domestic Sales for November 2007 Up 2.3% Mazda Motor Corporation reports that its domestic sales for November 2007 climbed 2.3% with 18,799 units as compared to the same month last year. Domestic sales went up due to the sales boost coming from new models such as the Mazda2, known as Demio overseas, and Mazda5 (Premacy), and steady sales of micro-mini models. Demio's sales, from the previous year, surged 29.3% to 5,160 units, while Premacy sales for November 2007 increased to 2,017 units or an equivalent of 15.7%. Micro-mini models totaled 4,415 units, a 33.1% increase. Passenger cars domestic sales went up 3.4% to 15,607 units and commercial vehicles went down 2.9% to 3,192 units. Mazda's registered vehicle market share was 4.8%, down 0.5 points over the same period last year, with a 2.9% share of the micro-mini segment (down 0.9 points) and a 4.2% total market share (down 0.1 points). Total export for November 2007 gained 9.8% to 73,519 units due to an increase in exports of the steady-selling Mazda2 and increased shipement of Mazda CX-7 models bound for regions other than North America. Mazda's export to Europe totaled 27,129 units, followed by North America totaling 23,364 units while exports to Oceania and other regions (the Middle Ease, Central and South America_ were steady. About Mazda Motor Headquartered in Hiroshima Prefecture, in Japan, Mazda Motor Corporation -- http://www.mazda.co.jp/ -- together with its subsidiaries and associates, is primarily involved in the manufacture and distribution of automobiles. The company manufactures passenger cars and commercial vehicles. Mazda Motor distributes its products in both domestic and overseas markets. The company has 58 subsidiaries. It has overseas operations in the United States, Canada, Mexico, Germany, Belgium, France, the United Kingdom, Switzerland, Portugal, Italy, Spain, Austria, Russia, Columbia, New Zealand, Thailand, Indonesia and China. The Company has a global network. * * * As reported in the TCR-AP on April 27, 2007, Standard & Poor's Ratings Services raised Mazda Motor Corp.'s long-term corporate credit rating and the company's long-term senior unsecured debt to: * Corporate Credit Rating: BB /Stable/; and * Company's Long-term Senior Unsecured Debt: BB+ S&P's rating actions reflect Mazda's improved operational and financial performance, and financial risk profile. Mazda's operating and financial performance has been improving over the past several years due to the success of new products following a shift in strategy. The company continued to improve operating and financial performance in the nine months ended Dec. 31, 2006, owing to an improved sales mix and favorable foreign exchange rates. Although the EBITDA margin of about 6% remains lower than most of its Japanese peers, profitability is steadily improving. Mazda is now focusing on certain segments instead of attempting to compete as a full-line producer. The company also has excellent product engineering capabilities. |
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