Tuesday, October 03, 2006

Sept Auto Sales Look Solid...Here's A Summary

Toyota trounces U.S. automakers GM and Chrysler in September sales
Oct 03 3:45 PM US/Eastern

Toyota trounces U.S. automakers GM and Chrysler in September sales TOM KRISHER DETROIT (AP) - Toyota Motor Corp. (NYSE:TM) trounced the domestic automakers in the U.S. marketplace last month, posting a 25 per cent year-over-year sales increase. General Motors Corp. (NYSE:GM) and DaimlerChrysler AG (NYSE:DCX) each saw their sales slip by a few percentage points, while Ford Motor Co.'s (NYSE:F) sales gained 4.7 per cent. GM's sales fell 3.1 per cent last month, but the largest North American automaker put a positive spin on the decline, attributing it to a reduction in low-margin sales to rental companies. The company's car sales fell 6.4 per cent, while trucks, including pickups and sport utility vehicles, were down 0.7 per cent. The numbers include the European Saab brand. DaimlerChrysler said its overall decrease of 2.3 per cent stemmed mostly from its U.S. subsidiary, Chrysler Group, where sales fell 3.8 per cent. Sales of Mercedes-Benz vehicles rose 13.2 per cent. The automaker was to release more detailed numbers later in the afternoon. Ford's increase over the same month last year was fuelled largely by car sales, which rose 26.2 per cent, while its truck sales fell 5.5 per cent. The figures are for all Ford brands, including Jaguar, Volvo and Land Rover.
Toyota's car sales rose 18.4 per cent, while truck sales soared 34.9 per cent, the Japanese automaker reported Tuesday. "While crossovers, hybrids and small cars continue to show strength, our SUVs and full-size trucks also posted solid gains," Jim Lentz, executive vice-president of Toyota Motor Sales, said in a statement. "It's the breadth of our lineup that enables us to satisfy today's buyers."
Honda Motor Co. reported a sales decrease of 4.1 per cent, with cars falling 13 per cent. But, like Toyota, it had good news in the truck segment, with sales rising 11.6 per cent....READ MORE: HERE

10/03/2006 11:33:00 PM

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