Toyota set to become Canada's #2 automaker

Filed under: Car Buying, Toyota, Canada

The streets will run red with ink today as automakers announce their December and year-end U.S. sales numbers. Projections for the Detroit 3, two-thirds of which are presently on taxpayer-funded life support, are pretty much a horror show, and it's not exactly a trip to Disneyland for the import automakers, either. They're exiting the ring battered and bloodied as well, with Bloomberg analysts projecting a 36% drop in December for Honda and a 40% slide for Toyota. As has been previously reported, mighty Toyota expects to post its first operating loss in 71 years once FY 2008 comes to a close at the end of March.

Still, while Toyota licks its wounds alongside its rivals following a brutal 2008 sales year, it's ready to grab a consolation prize in Canada. Up there, early numbers indicate that Toyota sales were up 11% versus 2007. That's expected to give Toyota the #2 sales spot for the year in Canada for the first time. General Motors will retain the top position, and either Ford or Chrysler (last year's #2) will get pushed off the medal stand in the battle for third place.

[Source: Financial Post]

Toyota set to become Canada's #2 automaker originally appeared on Autoblog on Mon, 05 Jan 2009 08:24:00 EST. Please see our terms for use of feeds.

Read |  |  | 

Related posts:

• Movie Cars: The 1961 Ferrari 250 GT California from Ferris Bueller’s Day Off
• Car Blog Showdown: Mid-’80s family sedans
• President-Elect Barack Obama Is Detroit's Personal Jesus, Plans To Help Not-So-Big Three [Industry News]
• Fisker to bring 100mpg Plug-in Hybrid Sedan to Detroit
• 2007 Detroit Auto Show: Day 1 Recap

Related posts:

• Hybrid Sales in the US Rise 49 Percent this Year
• Son of former Vice President Al Gore arrested in California
• The Japanese car maker says that the new Prius and Lexus HS250H on display ...
• Inhabitat shares their Top 5 Sexiest Sustainable Sports Cars
• Cars.comparison Pits Camry vs. Fusion vs. Optima