Tag Archive for ‘new car sales’

Toyota Sales up 24% in April 2010

2010 Toyota Camry

Toyota Motor Company reported sales increased by 24% in April 2010 compared to one year ago.  However, sales were down by 16% compared to March 2010 and were much lower than forecasts as high as a 39% increase.

Overall US sales were up about 20% compared to 2009, but again were down 8% compared to March.

General Motors loses $3.4 Billion in 4th Quarter of 2009

General Motors Loses $3.4 Billion in Q4 2009

General Motors posted a $3.4 Billion loss in the 4th Quarter of 2009, however the company's CFO believes it is still possible for GM to post a profit in 2010.

Approximately $2.5 Billion of the quarter's loss was due to a one time payment of $2.6 Billion settlement payment to the UAW's retiree medical plan.  Without that payment, the loss would have only been $900 million.

The loss was a big improvement compared to the $9.8 Billion loss in the 4th quarter of 2008.  The loss was narrowed to due a combination of a 15% increase in vehicle sales and 10% cut in the number of worldwide employees.

Ford and Toyota Sales Soar as Incentives Fuel 24% Industry Gain

2010 Chevrolet Silverado - GM's top seller in March 2010

Toyota Motor Corp. and Ford Motor Co. Posted U.S. sales gains in the month of March as the industry incentives are improving consumer confidence bringing buyers back into showrooms.

General Motors Co. deliveries rose 21 percent, enough to over take Ford, which had the top spot in the U.S. in February for the first time since 1998. Ford's sales rose 40 percent, Toyota's sales jumped 41 percent.

Total U.S. sales advanced 24 percent from levels in March 2009, the automaker's weakest demand in almost three decades.

BMW Sees a “Definite” Upturn in Most Markets – sales up 14% in February

2010 BMW 328i Convertible

German luxury car maker BMW AG sees a "definite" uptuirn in almost all car markets after it's automobile and motorcycle sales increased 14 percent in February, and it sold 16 percent more Mini Cooper's compared to the same month last year.

"In key sales markets such as the United States, the automobile sector is showing encouraging signs of gradual recovery" the company said on Tuesday.

BMW's rival Audi said on Tuesday it delivered the bulk of earnings to parent company Volkswagen AG's group results in 2009.  Audi also predicts better earnings in 2010.