Who's No. 2? Toyota Outsells Ford

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Nov 10, 2003 | 10:53 AM

J.P.

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From: Treasury

Who's No. 2? Toyota Outsells Ford

Who's No. 2? Toyota Outsells Ford
1 hour, 23 minutes ago Add Business - Reuters to My Yahoo!

DETROIT (Reuters) - For the first time, Toyota Motor Corp. (news - web sites) (7203.T) gained the title of world's second-largest automaker in the third quarter, as it outsold Ford Motor Co. (NYSE:F - news) by 166,000 vehicles.

While Ford still holds the year-to-date sales lead by a slim margin, its forecast of lower fourth-quarter production might make it possible for Toyota to claim the title for all of 2003.

According to data from Toyota's financial results, it sold 1,576,000 vehicles worldwide in the third quarter, while Ford sold 1,410,000. Toyota's sales include its Hino and Daihatsu units, while Ford's sales include its foreign luxury brands -- Volvo, Jaguar, Land Rover and Aston Martin.

For the first nine months of 2003, Ford still ranks as the world's second-largest automaker--behind General Motors Corp. (NYSE:GM - news) --with a lead of about 28,000 vehicles, with 4,844,000 sold to Toyota's 4,818,000.

The third quarter is typically the weakest for U.S. automakers, as they shut down factories for vacations and new-model changeovers. But Ford's third-quarter global sales were down 15 percent, due to sluggish sales in Europe, the elimination of slow-selling models in the United States and the lack of new products --all problems Toyota has not had.

Through October, Toyota was the top-selling passenger car brand in the United States, with sales up 5.4 percent. The Ford brand, which held the title for many years, was down 7.6 percent over the same period.

While Ford has not projected sales for all of 2003, it has estimated its fourth-quarter production would fall 26,000 vehicles to 1.545 million.

Ford spokesmen did not immediately return calls seeking comment. The changes were first reported by trade magazine Automotive News on Monday.

Nov 10, 2003 | 12:13 PM

LexFather

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Toyota ownsz all others. GET DOWN OR LAY DOWN!!!

That is incredible, who would have thunk this 20 years ago?

Nov 10, 2003 | 01:51 PM

Iceman

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I never knew that Daihatsu was a unit of Toyota!

Nov 10, 2003 | 02:40 PM

O. L. T.

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WOO WOOO !!

GO Yoda!!!!

Nov 10, 2003 | 04:28 PM

Davtown

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From: c

cool article

any word on total worldwide sales of other companies, such as DaimlerChrysler?

Nov 10, 2003 | 05:11 PM

rushgator

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From: Republic of Texas

It's amazing what good products can do for sales. Looks like Toyota is rolling in the dough.

Nov 11, 2003 | 06:15 AM

Letsride

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From: North Carolina

Good article

Dec 16, 2003 | 06:47 AM

J.P.

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https://www.clublexus.com/forums/sho...highlight=ford

They will be #1 soon

Dec 17, 2003 | 08:07 AM

#10

mmarshall

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From: Virginia/D.C. suburbs

Reply to 1SICKLEX

Come on, dude........you say..."Who would have thought 20 years ago that Toyota would smoke Ford?' Yes....20 years ago....even THEN Toyota made MUCH better cars than Ford did.....except for some rust problems on the Toyota truck beds. And what was FORD building? The Tempo?.....junk. The Fairmont?.....junk. The Escort?.....junk. The LTD?.....junk. The Mustang? Yes, popular, but still basically a Fairmont with a different body and engine. I could go on, but I think you get the picture

Dec 20, 2003 | 10:41 AM

#11

looknow12

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From: Connecticut

Re: Reply to 1SICKLEX

Quote:

Originally posted by mmarshall
Come on, dude........you say..."Who would have thought 20 years ago that Toyota would smoke Ford?' Yes....20 years ago....even THEN Toyota made MUCH better cars than Ford did.....except for some rust problems on the Toyota truck beds. And what was FORD building? The Tempo?.....junk. The Fairmont?.....junk. The Escort?.....junk. The LTD?.....junk. The Mustang? Yes, popular, but still basically a Fairmont with a different body and engine. I could go on, but I think you get the picture

Still no one would have thought the numbers would put Toyota in the lead. I think everyone knew back then the quality was better, but the auto industry in the United States to take second and third place is still quite an accomplishment.