Bad Year For Local Carmakers

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Toyota and Honda's US car sales are down for 2008 and December. Let's hope 2009 brings better days.

Toyota Highlights:

- Torrance-based Toyota Motor Sales USA (TMS) today reported year-end sales of 2,217,662 vehicles, a decrease of 15.7% from the same period in 2007.

- Toyota Division recorded year-end sales of 1,957,575 vehicles, down 14.9% from the prior year.

- Lexus reported sales of 260,087 units in 2008, down 21.2% from 2007.

- Toyota reported December sales results of 141,949, a decrease of 36.7% from the same period last year.

"Our New Year's resolution is to shift the focus back to where it belongs, to the consumer," said TMS President Jim Lentz. "The sooner stimulus efforts find their way to where they'll do the most good - into the hands of consumers - the sooner we'll see a turnaround in confidence levels and a return of buyers to the marketplace."


Honda highlights:

- Torrance-based American Honda Motor Co. today reported 2008 annual vehicle sales of 1,428,765, a decrease of 8.2% compared to 2007 results.

- American Honda December sales totaled 86,085, an annual decrease of 34.7%.

- The Honda Division's 2008 annual sales were 1,284,261, a drop of 6.7%
compared to 2007.

- The Acura Division's total year-end sales of 144,504 vehicles represented a decline of 20%.

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This page contains a single entry by Muhammed El-Hasan published on January 5, 2009 11:45 AM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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