Ford and Toyota Down, Honda and Mazda Up
GM and Chrysler weren't the only ones singing the blues when February's sales numbers plunked onto the e-mat. Automotive News [sub] reports Ford and Toyota also showed declines in February– although not quite as precipitous as The General and Mopar. Ford's sales fell 6.3 percent compared to last February, while Toyota's (including Scion and Lexus) dropped a jaw-dropping 6.6 percent (when adjusted for the extra selling day this year). Toyota's atypical performance is attributed to poor truck sales. Group vice president of marketing admitted that ToMoCo's full-size truck and SUV sales "could get tougher before it gets better." With a 37 percent decline in the U.S. construction industry, Randy Pflughaupt ain't just whistling Dixie. Honda, Mazda and Nissan, on the other hand, bucked the trend and actually posted gains. Honda was up 4.9 percent, Mazda increased 6.7 percent and Nissan rose 1.2 percent. Hmmm… the two companies with no V8 engines and no full-sized pickups or huge SUVs showed the largest gains. What does that tell you?
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