Gm, Ford Sales Crash in '06, Toyota, Honda Climb

Brand new year calls for an analysis of the previousFord also reported sales of 2.9 million vehicles, 7.9
year's performance for the benefit of improvement.percent down compared to 2005 sales. For the
In the automotive industry, Toyota and Honda standmonth of December, Ford vehicle sales was down by
on the bright side of 2006. Said automakers12.8 percent - 9.9 percent for cars and 14.0 for
experienced a rewarding increase in sales. On thetrucks.
contrary, GM and Ford stand on the bleak abyss ofOn the bright side of 2006, Toyota and Honda enjoy
the industry because of sales doldrums.a gratifying increase in sales. Toyota's sales were up
GM reported US sales of 4.1 million vehicles in 2006,by over 12 percent in December and for the entire
down by 8.7 percent from 2005. The decrease isyear. Consumers purchased 2.54 million cars and
attributed to the shift of market demand in favor oftrucks with the Toyota, Scion or Lexus brand name.
small cars. GM is famed for its sophisticated sportLeading Toyota sales is its Camry that retains its title
utility vehicles and pickups. Enthusiasts believe thatas the best-selling car in America. There are 448,445
2005 GMC truck accessories are manufactured withCamrys sold in 2006, about 3.9 percent up from 2005
excellence just like other auto parts from thesales. 05 Toyota Camry accessories are playing
automaker.significant part in making the vehicle a top-seller.
Paul Ballew, chief sales analyst of GM said, "It was aJim Lentz, executive vice president for Toyota Motor
challenging one. It's a year that came in belowSales USA said, "2006 was a respectable year for
expectations and deviated from our plans at thethe industry if you consider the strain of erratic fuel
start of the year." In December, GM reported a 13prices and a housing bubble on an industry weaning
percent drop in sales. According to the automakeritself from incentives."
the decline was due in part to sticking with GM'sWith regards to Honda, its December sales fell by 0.8
decision to lower rental fleet vehicles sales and otherpercent but its 2005 sales were up by 3.2 percent.
marginally profitable sales. Ford parts accessories didAccording to Dick Colliver, executive vice president
not show any luring effect. According to someof American Honda, the automaker has benefited
enthusiasts, Ford's 2006 reports aren't likely to helpfrom having a line-up of fuel-efficient vehicles.
the ailing automaker.