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01-05-2009, 10:40 AM
Filed under: Car Buying (http://www.autoblog.com/category/carbuying/), Toyota (http://www.autoblog.com/category/toyota/), Canada (http://www.autoblog.com/category/canada/)
file:///C:/DOCUME~1/ALEXNU~1/LOCALS~1/Temp/moz-screenshot-1.jpghttp://www.blogcdn.com/www.autoblog.com/media/2009/01/tmmc_cars_580op.jpg (http:// http//www.financialpost.com/news/story.html?id=1141210)
The streets will run red with ink today as automakers announce their December and year-end U.S. sales numbers. Projections for the Detroit 3, two-thirds of which are presently on taxpayer-funded life support, are pretty much a horror show (http://www.bloomberg.com/apps/news?pid=20601087&sid=aqQJQm6uyCFM&refer=home), and it's not exactly a trip to Disneyland for the import automakers, either. They're exiting the ring battered and bloodied as well, with Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=aqQJQm6uyCFM&refer=home) analysts projecting a 36% drop for Honda and a 40% slide for Toyota. As has been previously reported (http://www.autoblog.com/2008/12/19/toyota-poised-for-first-annual-loss-in-71-years/), mighty Toyota expects to post its first operating loss in 71 years once FY 2008 comes to a close at the end of March.
Still, while Toyota licks its wounds alongside its rivals following a brutal 2008 sales year, it's ready to grab a consolation prize in Canada. Up there, early numbers indicate that Toyota sales were up 11% versus 2007 (http://www.financialpost.com/news/story.html?id=1141210). That's expected to give Toyota the #2 sales spot for the year in Canada for the first time. General Motors will retain the top position, and either Ford or Chrysler (last year's #2) will get pushed off the medal stand in the battle for third place.
[Source: Financial Post (http:// http//www.financialpost.com/news/story.html?id=1141210)]Toyota set to become Canada's #2 automaker (http://www.autoblog.com/2009/01/05/toyota-set-to-become-canadas-2-automaker/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 05 Jan 2009 08:24:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
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The streets will run red with ink today as automakers announce their December and year-end U.S. sales numbers. Projections for the Detroit 3, two-thirds of which are presently on taxpayer-funded life support, are pretty much a horror show (http://www.bloomberg.com/apps/news?pid=20601087&sid=aqQJQm6uyCFM&refer=home), and it's not exactly a trip to Disneyland for the import automakers, either. They're exiting the ring battered and bloodied as well, with Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=aqQJQm6uyCFM&refer=home) analysts projecting a 36% drop for Honda and a 40% slide for Toyota. As has been previously reported (http://www.autoblog.com/2008/12/19/toyota-poised-for-first-annual-loss-in-71-years/), mighty Toyota expects to post its first operating loss in 71 years once FY 2008 comes to a close at the end of March.
Still, while Toyota licks its wounds alongside its rivals following a brutal 2008 sales year, it's ready to grab a consolation prize in Canada. Up there, early numbers indicate that Toyota sales were up 11% versus 2007 (http://www.financialpost.com/news/story.html?id=1141210). That's expected to give Toyota the #2 sales spot for the year in Canada for the first time. General Motors will retain the top position, and either Ford or Chrysler (last year's #2) will get pushed off the medal stand in the battle for third place.
[Source: Financial Post (http:// http//www.financialpost.com/news/story.html?id=1141210)]Toyota set to become Canada's #2 automaker (http://www.autoblog.com/2009/01/05/toyota-set-to-become-canadas-2-automaker/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 05 Jan 2009 08:24:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
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