June was woworst month for motor industry in 17 years
All major automakers but Honda Motor Co. reported steep sales declines for June as buyers continued to flee from trucks and sport utility vehicles to more fuel-efficient models. High gas prices and a sluggish economy helped keep sales low.
Toyota sales for June shrank 21% from a year earlier, GM had a still-dramatic drop of about 18 %
Overall market fell 18.3%
Toyota:
turck sales down 39%
GM down 16%
Toprak said many automakers simply did not react quickly enough to the staggering rise of gas prices.
Toyota didn't have enough of its fuel-efficient Prius, Corolla or Yaris cars at dealerships to keep up with demand.
Prius sales were hurt by a battery shortage, while sales of the Corolla and Yaris suffered because of plant capacity.
Ford couldn't meet demand for the Focus this month.
Only Honda, reported a sales increase for June= 1%
Ford, which still relies on trucks and SUVs, plunged almost 28%
Ford sold 41 percent fewer of its perennial best-seller, the F-series pickup truck, and it sold fewer than half the number of Explorer SUVs as it did in June 2007.
George Pipas, Ford's top sales analyst, said SUV sales are probably down for good: " many consumers have moved on: the segment has merit for certain consumers but is not likely to rebound at any point."
Tags: