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Last Updated: Thursday, 4 September, 2003, 05:39 GMT 06:39 UK
Toyota wins on US car sales
Toyota car being made
Japanese carmaker Toyota has overtaken Chrysler as the third biggest selling car marque in the US.

The figures for vehicle sales in August - totalling 1.63 million units - show more cars left the showrooms than during any month this year.

But that was small comfort to the US manufacturers, who are coming under pressure not only from Japan but from Korean and European vendors too.

General Motors kept its top spot on just a 0.7% fall in sales from last August, but sales of Ford, the second most popular make, slumped 13% over the year.

AUGUST US VEHICLE SALES
GM: 464,774 (-0.8%)
Ford: 288,515 (-13.1%)
Toyota: 200,482 (+11.4%)
Chrysler: 190,388 (-6.4%)
Honda: 147,253 (+11.2%)
Nissan: 80,820 (+14.2%)
Hyundai: 41,073 (+5.9%)
VW: 32,376 (-3.5%)
BMW: 23,068 (+7.2%)
(Change since August 2002)
Next in line is Toyota, up 11.4% on August 2002, with Chrysler limping in fourth on a fall of 6.4%.

Honda and Nissan also posted double-digit percentage gains, while BMW, Volvo and Korea's Hyundai turning in a strong showing too.

But the news was less good for Mazda and Mitsubishi, both of whom lost even more ground than Chrysler - although the US vendor had its second-best August in history despite the fall in sales.

The automobile market in the US has been a key driver in the continued strength of the US economy.

Heavy discounting, no-interest finance deals and big packages of extras such as insurance and servicing have kept Americans coming back to the showrooms for the past two years, although the cost of the incentives has hit the carmakers' bottom line.




SEE ALSO:
Weak dollar hits Toyota profits
05 Aug 03  |  Business
Japan shifts car production abroad
23 Jun 03  |  Business
Chrysler warns of 1bn euro loss
04 Jun 03  |  Business
Bleak outlook for Chrysler
24 Apr 03  |  Business
Toyota eyes North America expansion
09 Sep 02  |  Business
Chrysler endures slow turnaround
08 Jan 03  |  Business


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