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Cars and Drivers

Game. Set. Match To Toyota (F)(DCX)(GM)(TM)(HMC)

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By Douglas A. McIntyre Published
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The large car companies can stop putting out monthly figures and just make photo copies of the reports from the previous month. The US car sales fall and Toyota picks up more share.

December auto sales show that Toyota had a 12.3% rise in units to 228,322. Honda’s sales were essentially flat at 131,778.

By contrast, Ford’s sales fell 12.8% to 233,621. Truck sales fell 14% at Ford to 163,003. The flagship F-series pick-up sales were off over 21% to 70,580.

GM may have had the most disappointing month of all. Vehicles sales fell 13% to 334,501. Truck sales fell 21%.

DaimlerChrysler sales fell by a much smaller margin, down 1% to 218,530. Mercedes sales were off but an improvement at Chrysler helped the German car company come close to breakeven compared to December of last year.

At the US car companies, which may have to make further cuts in costs and employees, the beatings will continue until morale improves.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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