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Toyota bucks trend; 31 used cars sold
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Posted on May 05 2008
Market leader Toyota and three other automakers bucked the trend by registering increased sales of new cars in April even as the Commonwealth Auto Dealers Association sold 31 used cars last month.
Toyota saw three additional new car sales last month as it sold 27 units compared to 24 during the same period last year—an increase of 12.5 percent. The 27 units represent 34.78 percent of the market. Broken down, the Japanese auto giant sold 18 cars, five sports utility vehicles, three vans, and one truck last month.
Not to be outdone, Nissan recorded a 42.86-percent increase in new car sales in April 2008 as it disposed of 10 units compared to seven in April 2007. The 10 units equal 10.14 percent of the market and is broken down to five cars, four SUVs, and one van.
Honda and Hyundai also reported relative spikes in new car sales last month of 50 percent to three units and 20 percent to six units, respectively.
Mazda, Kia, and Ford, meanwhile, posted negative growth last month as the three automakers’ new car sales dropped 77.78 percent, 50 percent, and 25 percent, respectively.
The three makes, however, fared much better than Chevrolet, Mitsubishi, Isuzu, Suzuki, and Subaru as the five had no new car sales in April 2008.
CADA, meanwhile, saw 31 second-hand cars driven out from their showrooms and parking lots last month. Triple J Motors and Microl Corp. tied for the top with 13 units sold, while Joeten Motors had five sold in April 2008.
Year to date, the three automobile dealers have sold 141 used cars.
After absorbing a 23-percent decrease last month, the three automobile dealers in the Commonwealth saw its profit margins take a hit following a 14-unit drop in new car sales to 55 from 69 new cars disposed of in April 2007.
Joeten Motors is the distributor for Nissan, Ford, Honda, and Kia. Microl Corp. sells Toyota and Chevrolet. Triple J Motors peddles Mazda, Hyundai, Mitsubishi, and Suzuki.
