Toyota’s troubles a windfall for others
Writing by admin on Friday, 26 of February , 2010 at 4:59 pm
Toyota’s troubles appear to have helped its rivals, with the exception of Honda Canada. Just three months ago, Toyota claimed first place in the Canadian market for the first time in its history, with about 14 per cent of the market. It has lost ground since then and now holds 11 per cent. General Motors is the leader with 18 per cent.
Toyota reported its Canadian sales fell 10.4 per cent in January. (Associated Press)
Hyundai Auto Canada reported its best January ever, selling more than 6,000 vehicles and beating last January’s sales numbers by more than 32 per cent. Ford Motor Canada said its sales rose six per cent in January, to 11,553, compared with 10,933 in the same period a year earlier. Car sales were up 0.8 per cent to 2,281 and truck sales rose seven per cent to 9,272.
Kia Canada’s sales grew to 2,416 vehicles, a 32.4 per cent increase. Nissan Canada Inc. said it sold 4,975 vehicles, up nearly 17 per cent from January 2009, and Mercedes-Benz Canada sold 1,693, an increase of 33.5 per cent.
On Tuesday, Honda Canada reported combined January sales of 6,393 vehicles by the Honda and Acura divisions. This was a 15 per cent decline over last year.
Read more: http://www.cbc.ca/money/story/2010/02/02/toyota-january-sales.html#ixzz0gcvImJwN
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