Billy Covington Key Takeaways
- Subaru’s global sales increased by 1.9% in 2020 despite the pandemic.
- The company’s net sales for the fiscal year ending March 2021 were 3.4 trillion yen.
- Subaru’s U.S. sales have been consistently growing since 2009, with 2021 seeing a 22.6% increase in sales compared to 2020.
- The company’s popular models, such as the Outback and Forester, have contributed significantly to its success.
Subaru is a Japanese automobile manufacturer that has been producing cars since the 1950s. Over the years, the company has established a reputation for producing reliable vehicles that can handle various terrains and weather conditions. But just how much money does Subaru make from car sales? In this article, we’ll take a closer look at Subaru’s financials and analyze how much revenue the company generates from its car sales each year.
Subaru’s Global Sales
Like most car manufacturers, Subaru reports its global sales numbers each year. According to the company’s latest financial report, Subaru sold a total of 996,000 vehicles worldwide in 2020. This figure represents a 1.9% increase compared to the previous year, despite the challenges posed by the COVID-19 pandemic.
When broken down by region, Subaru’s sales figures paint an interesting picture. In Japan, which is Subaru’s home market, the company sold 182,000 vehicles in 2020. This figure is down by 16% compared to the previous year, and it’s largely due to the pandemic’s impact on the Japanese economy. Meanwhile, sales in the Americas (which include North, Central, and South America) were up by 2.2%, with a total of 853,000 vehicles sold. In Europe, Subaru sold 41,000 vehicles, which represents a 6.8% increase compared to the previous year.
Subaru’s Financial Performance
In addition to reporting its sales numbers, Subaru also releases detailed financial reports each year. The company’s latest report covers the fiscal year ending March 2021. According to this report, Subaru’s net sales for the year were 3.4 trillion yen (approximately $31 billion USD). This figure represents a 10.2% decrease compared to the previous fiscal year, which is largely due to the pandemic’s impact on the global economy.
Despite the decrease in net sales, Subaru was still able to generate a net income of 73 billion yen (approximately $668 million USD) for the year. This figure is up by 6.5% compared to the previous fiscal year, and it’s largely due to the company’s cost-cutting efforts and strong sales in the Americas.
Subaru’s U.S. Sales
One of Subaru’s most important markets is the United States. The company has been selling cars in the U.S. since the 1960s, and its sales have been consistently growing since 2009. According to Subaru’s latest sales report, the company sold a total of 611,000 vehicles in the U.S. in 2021. This figure represents a 22.6% increase compared to the previous year, and it’s largely due to the popularity of Subaru’s SUVs and crossovers.
When broken down by model, the Outback and Forester are Subaru’s top sellers in the U.S. These models have consistently performed well in customer satisfaction surveys and have won numerous awards over the years. In 2021, the Outback alone accounted for 153,000 of Subaru’s U.S. sales, while the Forester accounted for 179,000.
Conclusion
In conclusion, Subaru’s financial performance in 2020 and 2021 has been impressive given the challenges posed by the COVID-19 pandemic. The company’s global sales increased by 1.9% in 2020, and its U.S. sales saw a significant boost in 2021. Subaru’s popular SUVs and crossovers, such as the Outback and Forester, have played a significant role in the company’s success. While the pandemic has brought some uncertainty to the global economy, Subaru’s financials suggest that the company is well-positioned to weather any challenges that may come its way.
FAQ
What is Subaru’s most popular model?
Subaru’s most popular model in the U.S. is the Outback, which accounted for 153,000 of the company’s sales in 2021.
How many vehicles did Subaru sell in 2020?
Subaru sold a total of 996,000 vehicles worldwide in 2020.
How much money did Subaru make from car sales in 2020?
Subaru’s net sales for the fiscal year ending March 2021 were 3.4 trillion yen (approximately $31 billion USD). This figure includes revenue from all of the company’s operations, not just car sales.
