Tie For No.1 Among GM, F, And Toyota While Hyundai Falters

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