04-01-2005, 04:27 PM
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Site Founder
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Real Name: Jason Siegel
Hybrids: 2004 Toyota Prius
Posts: 4,604
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Ford, GM, Report Lower U.S. Sales for March
Quote:
General Motors Corp. reported lower U.S. sales in March despite hopes for a recovery, while Ford Motor Co. saw its sales of trucks and sport utility vehicles plummet. Meanwhile, some Japanese automakers posted record sales...
Toyota Motor Corp. and Nissan Motor Co. both reported record sales in March. Toyota sales were up 10.33 percent in March and 8.6 percent for the year, largely due to increased car sales. Toyota's new Avalon sedan went on sale in February, and the company said its Prius hybrid had its best-ever sales of 10,236 vehicles.
The contrast highlighted a long-standing trend in the U.S. auto industry where Ford and General Motors -- which are both losing market share to foreign rivals -- have been struggling to revive profits in their automotive operations.
"Spurred by escalating oil prices, the demand for fuel-efficient vehicles has definitely stepped up," said Jim Press, executive vice president of Toyota Motor Sales USA Inc.
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- http://www.foxnews.com/story/0,2933,152215,00.html
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