Toyota September Sales Down 32%; Honda Drops 24%

As clear proof that today's recession is an equal-opportunity unemployer, Toyota has posted a September sales decline of 32% from a year earlier — one of the worst results in the company's 50 years of US sales — while Honda sank 24% in the face of the consumer credit crisis. The declines at Toyota and Honda reinforce… » 10/01/08 3:25pm 10/01/08 3:25pm

Toyota August Sales Down 9.4%, Lexus Off 9.1%

Toyota is reporting total US sales were down 9.4% for August 2008 as compared to the same period a year earlier. Trucks led the decline with a drop of 17.6%, though Toyota cars also declined 3.4%. Bright spots for Toyota included the Yaris subcompact, which was up 20.5%, and, inexplicably, the huge Sequoia SUV, which… » 9/03/08 2:18pm 9/03/08 2:18pm

Ford Reports 26% Sales Decline In August, SUVs Down 53%

Ford is reporting August US sales of its Ford, Lincoln and Mercury brands are down 26% over the same period a year earlier, mainly due to continuing weakness in truck and SUV sales. While trucks are off 39%, the really breathtaking number is the 53% decline in SUV sales — despite the fact that Ford is touting a 17%… » 9/03/08 1:15pm 9/03/08 1:15pm

Toyota Lays Off 800 Contract Workers In Japan

Toyota is laying off 800 contract workers at its Fukuoka plant in southern Japan, the first time it has canceled work contracts before they're complete. The plant currently builds the Lexus RX330 and the Toyota Highlander, which are feeling the effects of the American SUV sales slump. After Toyota's announcement of an » 8/05/08 3:30pm 8/05/08 3:30pm

Report: Fewer Web Shoppers Researching Chrysler Products

Chrysler July sales dropped below the 100,000 unit mark as consumers began to show signs that they've lost confidence in the company, reports Automotive News. While Chrysler's announcement that it would suspend leasing August 1 caused a last-minute flurry of shoppers, more ominous was a report by Complete.com that… » 8/04/08 1:00pm 8/04/08 1:00pm

Ford Issues Most Pathetic Press Release Of All Time, Offers Employee…

Seriously, this is an actual press release out of Dearborn today. Yes, the same day Ford revealed the Ford F-150 lost the crown of America's best-selling vehicle to the Honda Civic as well as a 16% decline in vehicular sales, the company has issued a release claiming boldly "Ford delivers customers trucks they want… » 6/03/08 7:40pm 6/03/08 7:40pm

Civic Selling Like Flapjacks, Could Outsell Accord For First Time

Holy gas prices, Batman! Automotive News is reporting this morning strong sales of the Honda's gas-sipping Civic were up 14.8% to 111,695 units through the first four months of the year, and appeared to be looking good for May. Although we'll find out what the fifth month had to say when sales numbers are released… » 6/02/08 8:30am 6/02/08 8:30am

Japanese Domestic Sales Slump to 35 Year Low

Good thing the automakers from the land of the rising sun don't rely on the hometown crowd for much of their profits. The BBC is reporting recent figures indicate the continuing decline in Japanese auto sales has reached a 35 year sales low. The trend has been blamed on everything from wage stagnation to high price of… » 1/17/08 2:45pm 1/17/08 2:45pm