A recently published report shows that three major car manufacturers are expected to announce a rise in their quarterly profits. Toyota, Honda and Nissan have posted a remarkable market sales output from July to September after the three companies saw a significant boost in sales in the United States.
According to The Wall Street Journal, the three Japanese companies have also posted a sales boost in the United States market. The report added that sales output is at its fastest pace in the last 15 years.
On the other hand, investors are positive that sales in the Chinese region will recuperate following the recovery from the massive economic slowdown that the country has faced recently.
In China, Toyota and Honda have both outperformed the still deteriorating auto market. Nissan on the other hand, is still facing an overall decline in its sales performance within the region.
Nissan recently released its first-half earnings and it shows that the company's profit went up by 37 percent to $2.7 billion.
Nissan president and CEO Carlos Ghosn released a statement saying, "Nissan has delivered solid revenue growth and improved profitability in the first-half of the fiscal year, driven by encouraging demand for our vehicles in North America and a rebound in Western Europe, which compensated for market volatility elsewhere."
According to the International Business Times, Nissan raised its revenue forecast from $4.02 billion to $4.44 billion. The upgrade was interpreted by many analysts as a sign that Nissan is experiencing a boost in its sales.
On the other hand, Toyota and Honda are expected to reveal their quarterly profit before the end of the week.