Ford led the way in 2010 U.S. auto sales growth and bumped Toyota from the No. 2 spot behind General Motors. Each automaker selling cars within the United States enjoyed a 2010 boost. Toyota, however, experienced a drop in U.S sales. Safety recalls involving Toyota automobiles affected its 2010 sales totals while new models released by Ford and Toyota were well received by United States car buyers. If the recalls continue with Toyota the automaker might just need payday loans to stay afloat. Source for this article - U.S. auto sales increase for every major brand except Toyota by MoneyBlogNewz.
A snapshot of United States auto sales
U.S. auto sales rose 11 percent in 2010 over 2009 and every major automaker except Toyota reported a sales increase. When the bailout for automakers happened Ford was the only one in the United States who didn’t take the bailout money. This is how the business led automakers in a 19 percent boost this year. Since 1993, there hasn’t been a boost in sales 2 yrs in a row with Ford which was recorded now. Industry-wide, United States auto sales totaled 11.6 million units -- a boost from 10.4 million in 2009, the first recorded increase since 2005 and also the largest bump since 1984. There were gains for numerous autos. Large ones involved Chrysler’s Jeep Grand Cherokee, GM's Chevrolet Cruze and also the Ford Fiesta.
The reason Ford is doing better than Toyota
Toyota sold 1.76 million units in 2010 when Ford sold 1.97. This meant that Ford passed Toyota to become the number 2 automaker within the U.S. for auto sales. For the year, Toyota’s sales went down 0.4 %. Something called the “unintended acceleration” is why Toyota had to recall over 8 million cars and trucks in the world in 2010. The Japanese automaker temporarily suspended production and sales of eight models within the U.S., including its best-selling Camry and Corolla. While Toyota worked to fix flaws in existing models, GM, Ford, Nissan and Hyundai were busy churning out new and better models.
Auto industry in legitimate recovery
Many say that the United States auto industry is actually recovering as shown by the impressive performance. Numerous also say that Toyota may not be the dominant automaker in the U.S. anymore considering all of the newest models and higher quality for cars that has been expected recently. As Ford and GM demonstrated in 2010, new, well-made products are what matters most as U.S. car buyers return to dealer showrooms.
Citations
Bloomberg
bloomberg.com/news/2011-01-04/gm-december-total-u-s-sales-up-7-5-est-up-4-3-.html
New York Times
nytimes.com/2011/01/05/business/05auto.html?src=busln
CNN
money.cnn.com/2011/01/04/news/companies/december_auto_sales/
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