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September 6, 2008 1:39:41 AM CDT

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Japanese Foes Thump Big 3 in June Sales

Posted Jul 3, 07 5:57 PM CDT in Business,  US 

(Newser) – GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in the first half of the year, Reuters reports.

Gas prices drove increased demand for passenger cars and crossovers, helping the Japanese manufacturers. Nissan rode a 76% increase in Altima sales and the effects of increased discounts to an 18% leap for the month, tops in the industry. Cuts in rental-car fleet purchases accounted for part of GM's dip and all of Ford's.

Source Reuters

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The company bowtie logo shines off the grille of an unsold 2007 Chevrolet pickup truck on display outside a General Motors dealership in the northeast Denver suburb of Brighton, Colo., on Sunday, July...   (Associated Press)
ne. The small-car trend was expected to hurt the Detroit Three, which rely more on sport utility vehicles and trucks for sales. Asian and some European automakers have increased incentives on small cars,...   (Associated Press)
A long row of unsold 2007 Chevrolet pickup trucks sits at a General Motors dealership in the northeast Denver suburb of Brighton, Colo., on Sunday, July 1, 2007. Auto sales figures, released Tuesday,...   (Associated Press)
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