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N. American Sales of Cars Falling Except For Some Imports

Posted in auto industry, Gas Prices by Jon | July 3rd, 2008 | 1 Response |

Honda Fit
It’s no surprise that higher gas prices have affected the U.S. auto industry in many ways. However, depending on whom you believe, auto sales are either at the worst they’ve been in fifteen years or in ten years [NY Times; free registration req’d].

Canadian auto sales are also down, but some import brands are up. Toyota Canada set a June sales record with a near-9% gain. Likewise, Honda grew in the U.S. thanks to top fuel efficiency in the small vehicle market (such as the Honda Fit, pictured above). On the other hand, Toyota USA suffered a greater than 10% drop in sales in June.

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One Response

  1. patrick says:

    Toyota is one of the leading company in the automobile industry…