Sales of new vehicles declined by nearly 4 percent in the United States in August 2016, a year-over-year drop which followed flatlining sales over the previous three months. Bucking the trend to no small degree in August was capacity-constrained Subaru, which earned 4 percent of the market by selling more than 60,000 new vehicles for the first time in the company’s history.
Media reports citing Subaru of Indiana Automotive Inc. executive vice president, Tom Easterday say that Toyota will stop having Subaru build Camrys for sale in North America at SIA’s Lafayette, Indiana assembly plant when the current five year contract expires in 2017. “Based on changes in Toyota’s production plans, they have decided that the award-winning Camry production contract will not be renewed,” the Louisville Journal & Courier quoted Easterday as saying. Toyota declined comment. Subaru’s parent company Fuji said no decisions have been made and that it had nothing official to announce. Subaru has been building Camrys for Toyota in Indiana since 2005. (Read More…)