MAZDA

Mazda recorded strong sales growth

Mazda Motor Corporation announced financial and sales results for the first quarter, reporting global sales of 309,000 vehicles in the April 1-June 30, 2023 period, up 32% year-over-year.

In Europe, sales in the first quarter increased by 46 percent compared to the previous year, i.e. to 44,000 vehicles, which represents a market share of 1.1 percent, i.e. an increase of 0.3 percent compared to the first quarter of the previous year. Mazda’s North American sales volume rose 58 percent to 95,000 units. In Mazda’s home market of Japan, sales reached 42,000 units, a 70 percent increase over the previous year.

For the first quarter of this fiscal year, Mazda reported net sales of ¥1,091 billion (€7.3 billion*), an increase of 77 percent over the previous year, and operating profit of ¥30 billion (€200 million *). Net income was ¥37.2 billion (€248 million*).

The positive impact of large models, including the Mazda CX-60 in Europe and the Mazda CX-90 in North America, resulted in Mazda forecasting global sales for the full fiscal year of 1.3 million units, with sales of 189,000 units in Europe. Mazda also forecasts net sales of ¥4,500 billion (€32.4 billion*), operating income of ¥180 billion (€1.3 billion) and net income of ¥130 billion (€935 million*) for this fiscal year.

Mazda will continue to develop its electrification strategy to comply with rapidly changing environmental regulations and steadily move towards carbon neutrality. These include the new MX-30 R-EV model, which will be launched later this year in European markets as one of Mazda’s multi-purpose electrification solutions, as well as Mazda’s recent engagement with Panasonic Energy regarding a medium to long-term partnership to supply cylindrical lithium- of ion batteries in accordance with Mazda’s management policy until 2030.

Photo: Archive / Mazda