2.3M Toyota is expected to post a sharp drop in its own sales for January after it shut down sales of its most popular vehicles amid a recall of 2.3 million vehicles tied to faulty accelerator pedals.
Published 21:21, February the 2nd, 2010
Ford stands tough while Toyota sinks
Ford officials said yesterday its U.S. sales rose 24 percent in January, a month when the industry was rocked by Toyota Motor Corp.’s massive recall of some of its top-selling vehicles.
Ford, the first of the major automakers to report U.S. sales, said its sales of cars and light trucks to fleet customers including rental car companies had more than doubled from a year earlier.
Along with General Motors Co. and Hyundai Motor Co., Ford took aim at Toyota customers with new incentive offers at the end of January when the Japanese automaker’s sales went into a steep decline.
Analysts expect Toyota’s woes to result in sales and market share increases by its largest competitors in the U.S. market.