Toyota Outsells Ford in March

- Mukesh Buch Annualized domestic auto sales edged slightly up but in March auto sales plunged. The weak labor market, widening recession and tight credit conditions hurt industry sales. Toyota Motor sales outpaced that of Ford in the month and in the first quarter.

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New York – Annualized domestic auto sales edged slightly up but for the month auto sales plunged. The weak labor market, widening recession and tight credit conditions hurt industry sales. Toyota Motor sales outpaced that of Ford in the month and in the first quarter. The weakening labor market played a key role in weak sales in March as consumers battle falling home prices and restrictive credit conditions. More than five million people have lost their jobs in the last five quarters and in March unemployment surged to 8.5%. More...