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May 1, 2008
Ford's US sales down, Toyota up in April as gas prices riseDETROIT -- Ford's U.S. sales dropped 12 percent but Toyota's sales edged up 3 percent in April as high gas prices accelerated consumers' rush away from trucks and sport utility vehicles, according to the Associated Press. A downward pattern was expected throughout the industry as gas prices rose to record highs. Other automakers were scheduled to report their monthly sales later today. Ford said its SUV sales were down 36 percent in April compared with the same month last year. Car sales were down only 1 percent, buoyed by sales of the Ford Focus small car, which saw a 44 percent jump in sales. Toyota said its car sales rose 12 percent, largely on the strength of the subcompact Yaris, which saw sales rise 46 percent and the hybrid Prius, which was up 54 percent. Toyota's truck and SUV sales dropped 8 percent.
Posted by Peter C. T. Elsworth |
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