US consumers buying cars in January -- apart from one brand
Thursday 04 February 2010
Following the lead in Western Europe, US auto sales showed a year-on-year jump in January -- apart from one beleaguered manufacturer.
Following the lead in Western Europe, US auto sales showed a year-on-year jump in January - apart from one beleaguered manufacturer.
Across the industry, sales rose by 6 percent from January 2009, a decline in trucks dragging down the impressive 15.4 percent growth for passenger cars. General Motors, Ford, Nissan, Hyundai and Volkswagen all reported healthy gains; Volkswagen in particular experienced a sales jump of 41.4 percent.
The news from Toyota, however, was less positive. Sales for the first month of 2010 fell 8.7 percent from January 2009 as the Japanese automaker tried desperately to halt the torrent of bad publicity surrounding its safety record. A study by Kelley Blue Book suggested that more than 20 percent of those who said they were considering a Toyota prior to the recall now say they no longer are considering the brand for their next vehicle purchase.
However, there was some good news from Kelley's study, which surveyed 400 people shopping for new cars. Shoppers seemed confident that Toyota would eventually rebound from the recall crisis, as more than 30 percent of those surveyed said that Toyota "is currently experiencing a challenge, but will offer better products in the future." A further 28 percent said that Toyota has had fewer recalls than other manufacturers, and this recall does not change the fact that they produce great products.
GM, which sold the most vehicles in January, believes that its future is bright as the world emerges from recession.
"Global economic recovery is picking up pace," said Mike DiGiovanni, GM's executive director for global market and industry analysis. "In the U.S., we are seeing a strong rebound in manufacturing and stabilization of consumer confidence, which will support a slow but steady improvement in the vehicle market."
Life & Style blogs
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
£25000 - £35000 per annum: Recruitment Genius: This firm are focussed on assis...
£7 per hour: Recruitment Genius: A vacancy has arisen for a General Processor ...
£18000 - £22000 per annum: Recruitment Genius: A great opportunity has arisen ...
£14000 - £16000 per annum: Recruitment Genius: Full time and Part time positio...