Toyota #2 auto seller in US
Toyota #2 auto seller in US
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Toyota Tops Ford for No.2 Spot in U.S. Auto Sales; Ford Held the No.2 Spot for 75 Yea
DEARBORN, Mich. -- Toyota Motor Corp
Toyota Motor Corp. (TM: 106.67, +0.21, +0.19%) overtook Ford Motor Co. to become the No. 2 automaker by U.S. sales in 2007, using new products and relentless strategy to break Ford's 75-year lock on the position.
Toyota sold 48,226 more cars and trucks than Ford, according to sales figures released Thursday. Toyota's sales were up 3% for the year, buoyed by new products like the Toyota Tundra pickup, which saw sales jump 57%.
Ford's sales fell 12%, ending with a whimper a year that is expected to be the worst for the auto industry since 1998 as consumers fretted over high gas prices and the economy.
Ford corporate historian Bob Kreipke said it was the first time since 1931 that Ford wasn't second behind General Motors Corp.
Ford Motor Co
Ford Motor Co. (F: 6.46, -0.14, -2.12%) said Thursday its December U.S. sales fell on lower demand for both cars and light trucks.
Ford sold a total of 211,194 vehicles in December, down 8.9% from 231,900 in the same month of 2006.
The Dearborn, Mich.-based company also was expected to lose the No. 2 U.S. sales position for 2007 to Toyota Motor Corp. when the Japanese automaker released its figures later Thursday.
It would be the first time since 1931 that Ford wasn't second behind General Motors Corp., according to Ford corporate historian Bob Kreipke.
The December drop included a 13% decrease in retail sales and a 1% drop in fleet sales, Ford said.
Sales of passenger cars fell 8.4% to 64,651 from 70,618 in December 2006 and included a 26.1% decrease in sales of the iconic Ford Mustang to 8,315 units and 16.4% drop in demand for the Lincoln MKZ to 3,173.
Ford Focus sales rose 3.5% to 14,023 and Ford Fusion sales jumped 7% to 13,545.
Sales of light trucks dropped 10.2% to 126,014 from 140,380, as demand for the company's top-selling F-Series pickups plunged 22% to 55,069.
Ford Expedition sales tumbled 30.2% to 7,516 and Ford Explorer sales dropped 18.7% to 10,887.
Sales of the Ford Edge crossover vehicle jumped more than 500% to 13,722.
For the full year 2007, Ford sales fell 11.8% to 2.6 million from 2.9 million the year before.
Adjusted for one additional selling day in 2007 compared with 2006, Ford sales fell 12.1%.
Ford also said it expects its light vehicle sales rate to be in the range of 15.2 million to 15.7 million for the first half of 2008, citing expectations of continued challenging economic conditions.
Ford shares fell 11 cents to $6.49 in afternoon trading after setting a 52-week low of $6.45 earlier in the session
http://www.foxbusiness.com/markets/i..._423071_8.html
Toyota Motor Corp. (TM: 106.67, +0.21, +0.19%) overtook Ford Motor Co. to become the No. 2 automaker by U.S. sales in 2007, using new products and relentless strategy to break Ford's 75-year lock on the position.
Toyota sold 48,226 more cars and trucks than Ford, according to sales figures released Thursday. Toyota's sales were up 3% for the year, buoyed by new products like the Toyota Tundra pickup, which saw sales jump 57%.
Ford's sales fell 12%, ending with a whimper a year that is expected to be the worst for the auto industry since 1998 as consumers fretted over high gas prices and the economy.
Ford corporate historian Bob Kreipke said it was the first time since 1931 that Ford wasn't second behind General Motors Corp.
Ford Motor Co
Ford Motor Co. (F: 6.46, -0.14, -2.12%) said Thursday its December U.S. sales fell on lower demand for both cars and light trucks.
Ford sold a total of 211,194 vehicles in December, down 8.9% from 231,900 in the same month of 2006.
The Dearborn, Mich.-based company also was expected to lose the No. 2 U.S. sales position for 2007 to Toyota Motor Corp. when the Japanese automaker released its figures later Thursday.
It would be the first time since 1931 that Ford wasn't second behind General Motors Corp., according to Ford corporate historian Bob Kreipke.
The December drop included a 13% decrease in retail sales and a 1% drop in fleet sales, Ford said.
Sales of passenger cars fell 8.4% to 64,651 from 70,618 in December 2006 and included a 26.1% decrease in sales of the iconic Ford Mustang to 8,315 units and 16.4% drop in demand for the Lincoln MKZ to 3,173.
Ford Focus sales rose 3.5% to 14,023 and Ford Fusion sales jumped 7% to 13,545.
Sales of light trucks dropped 10.2% to 126,014 from 140,380, as demand for the company's top-selling F-Series pickups plunged 22% to 55,069.
Ford Expedition sales tumbled 30.2% to 7,516 and Ford Explorer sales dropped 18.7% to 10,887.
Sales of the Ford Edge crossover vehicle jumped more than 500% to 13,722.
For the full year 2007, Ford sales fell 11.8% to 2.6 million from 2.9 million the year before.
Adjusted for one additional selling day in 2007 compared with 2006, Ford sales fell 12.1%.
Ford also said it expects its light vehicle sales rate to be in the range of 15.2 million to 15.7 million for the first half of 2008, citing expectations of continued challenging economic conditions.
Ford shares fell 11 cents to $6.49 in afternoon trading after setting a 52-week low of $6.45 earlier in the session
http://www.foxbusiness.com/markets/i..._423071_8.html
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