Toyota sells more while General Motors and Ford struggle

Toyota sells more while General Motors and Ford struggle

Japanese automaker Toyota Motor Corp. continues to perform well in the US market. The company posted a rise in January U.S. auto sales and they managed to claim the No. 2 spot in the world’s largest market for cars and trucks.

Ford sales were down massively while General Motors too posted a sales decline at the low end of analysts’ expectations.

GM as a result has now trimmed its first-quarter production plans. Both Ford and GM are undergoing massive restructuring to cut costs while Toyota has some impressive products available for the customers in the market.

Sales for Toyota in the month of January 2007 were up 9.5 percent before adjusting for the number of selling days in the month. Ford sales in comparison were down a massive 19 percent.

Global Insight analyst George Magliano spoke about these latest sales figures: “We’ve hit a point where the consumer is strained and I think we’re in a position where the industry is going to downshift and stay there.”