Cars and Drivers
Tie For No.1 Among GM, F, And Toyota While Hyundai Falters
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Hyundai has been the star of the domestic car industry for over a year, as it picked up market share with its slick new cars and relatively low prices. Its status was knocked down a few wrungs today, perhaps because it did not offer the aggressive incentives in March that its competitors did.
Hyundai’s sales rose 15% to 47,002. By way of contrast, Toyota (TM) March sales were up 41% to 186,873, a remarkable accomplishment as the company has been battered in public after an 8.8 million vehicle recall done mostly because of brake and accelerator problems.
Ford’s (F) sales were up 40% to 183,783. and GM’s sales rose to 188,546 from 156,380 in March of last year.
Sales a Honda (HMC) were up a more modest 23% to 108,262, and Chrysler sales collapsed by 8% to 92,923.
The new Big Three–GM, Ford, and Toyota.
Douglas A. McIntyre
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