Friday, January 4, 2008

2007: Toyota beats Ford in the US

Toyota overtook Ford to become the No. 2 automaker by US sales in 2007, breaking Ford's 76-year lock on the position.

Toyota sold 2.62 million cars and trucks in 2007, 48,226 more than Ford, according to sales figures released Thursday. Toyota's sales were up 3 percent for the year, buoyed by new products like the Tundra pickup, which saw sales jump 57 percent. Ford's sales fell 12 percent to 2.572 million vehicles.

General Motors remained the US sales leader, selling 3.82 million vehicles in 2007. That was down 6 percent from the previous year as customers turned away from some large sedans and sport utility vehicles and GM cut low-profit sales to employees and rental car agencies. GM's car sales fell 8 percent for the year while truck sales were down 4 percent.

Ford's car sales plummeted 24 percent for all of 2007 as some models like the Ford Mustang aged and a new Ford Taurus sedan was unable to match the volumes of the older version. Ford also cut rental-car sales by 32 percent over the year. Truck sales were down 5 percent.

Ford corporate historian Bob Kreipke said it was the first time since 1931 that Ford wasn't second behind GM in US sales. (info from The Associated Press)

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