Saturday, August 4, 2007, posted by Auto Rider at 12:36 AM

Mazda, 33.4 percent owned by the Ford Motor Co., said that its quarterly increased by 11 percent on-year to 814.29 billion yen. The Hiroshima-based automaker predicts fiscal year sales to edge up two percent to 3.320 trillion yen. Demand was strong for the CX-7 sport utility vehicle, BT-50 truck and the Mazda3 compact in other global markets, according to Mazda. Adjusted to reflect one fewer selling day in 2007, sales increased 3.7 percent.

Mazda’s car sales fell 7.9 percent to 18,036 in July, compared with 19,585 cars sold in the year-ago period. The Mazda3’s sales rose by 27.2 percent to 11,567 vehicles sold during the month, compared with 9,096 vehicles in July 2006. The CX-7’s sales rose by 81.7 percent in July to 3,868 vehicles, up from 2,129 sold in July of the previous year.

Car sales rose 1.3 percent so far this year, and truck sales are up 22.6 percent in the same period.

"Inventory adjustment (in North America) is progressing and we will be able to complete the programme by the end of the first half," Mazda Chief Financial Officer David Friedman said in a press conference.

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