Toyota (NYSE: TM), its U.S. sales damaged by recalls and an earthquake which hampered its production roared by in sales last month. Sales of the company, which was once No.2 in American market share behind GM (NYSE: GM) rose 42% to 171,910 cars and light trucks. Sales were down 8.8% from August. Toyota continues to lead many car quality surveys like those from JD.Power and Consumer Reports, despite large recalls three years ago.
GM posted poor results. Sales of cars and light trucks were up only 1.5% to 210,245 units.
The Free Press reported
Although car sales were solid, several larger vehicles struggled. GM said its truck sales fell 20%, which it blamed on a “reduction in fleet sales due to the timing of customer deliveries.” Sales of the Chevrolet Silverado, which is awaiting a redesign in 2013, fell 16.6% to 36,425 units.
GM’s Chevrolet brand rose 1.5%, Buick rose 7.9%, Cadillac fell 1.3% and GMC was flat.
GM continues to struggle in Europe and sales growth has slowed in China, the world’s largest market
Douglas A. McIntyre
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
