Toyota, Honda Report Sales Jump in July

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Amid steep gas prices, Toyota Motor Corp. rode its reputation for fuel-efficient cars to a double-digit sales increase in July and outsold Ford in the U.S. for the first month ever, the Associated Press reports. Honda Motor Co. also reported robust sales.


U.S. automakers experienced a moribund July as sales plummeted from a year ago, when heavy discounts spurred a near record month for the auto industry. Overall, 1.49 million vehicles were sold last month, a 17.4 percent decrease from July 2005. The seasonally adjusted sales rate, which shows what total sales would be if they remained at the same rate for the entire year, was 17.24 million, according to Autodata Corp. Automakers sold 17 million vehicles in 2005. GM, the world’s largest automaker, said its sales fell 22.2 percent, with trucks falling 31.2 percent and cars inching down 2.7 percent.


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