Jan 16, 2015 06:30 PM EST
Subaru Could Hit 1.1 Million-Vehicle Goal Five Years Early

Subaru has high hopes for 2015--the rapidly growing automaker expects to post its seventh straight year of record sales in the United States this year.

The brand's sales forecast predicts that U.S. sales will rise to 540,000 vehicles in 2015, growing from 514,000 the previous year. If Subaru succeeds, it will have nearly hit its 2020 target five years early.

Subaru grew 21 percent last year in vehicle sales in the U.S., which constitutes around 62 percent of the carmaker's sales worldwide.

Fuji Heavy, Subaru's parent company, outlined sales targets in a statement today, as reported by Automotive News.

Subaru's Indiana assembly plant will be expanded to keep up with demand for the Legacy sedan, which saw sales grow 24 percent last year. The factory will produce more Outbacks as well since the crossover's sales increased 18 percent in 2014.

In November, Fuji Heavy President Yasuyuki Yoshinaga said the Indiana plant's yearly capacity could be expanded to 400,000 vehicles.

"That would be enough to support regional sales of 600,000 vehicles," according to Automotive News. "But bets are off for volume beyond that."

Fuji Heavy predicts that Subaru sales will rise 3 percent worldwide this year, which would mean 940,000 vehicles sold. The carmaker's goal for 2020 is to hit 1.1 million vehicles.

Subaru expects to grow quickly in the world's biggest auto market, predicting that sales in China will grow 10 percent to 60,000.  

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