After wearing the crown as the U.S.'s top-selling vehicle for 26 years, Ford's F-Series pick-up truck was deposed by Honda's Civic salon last month. The F-Series was also outsold by Toyota's Corolla
and Camry salons, and by the Honda Accord, highlighting a stampede by Americans to less fuel-thirsty cars.
"The dramatic increase in car sales appears to be one of the most profound
shifts in automotive buying patterns in more than a decade," says Dick Colliver, evp of Honda's US subsidiary. Tumbling SUV and pick-up sales resulted in sharp overall sales declines at the three
Detroit-based carmakers, General Motors, Ford and Chrysler, which depend more heavily on these vehicles than foreign rivals.
GM's sales fell 27.5% compared with May 2008, due partly to an
11-week strike at a key supplier. Ford reported a 16% sale decline, Toyota was down 4.3%, and Chrysler's sales plummeted by a quarter. Honda bucked the trend, with a 15.6% surge.
advertisement
advertisement
Read the whole story at Financial Times »