Toyota (TM) Gets Pounded In Europe

February 15, 2008 by Douglas A. McIntyre

Toyota (NYSE: TM) is not used to seeing its sales go anywhere but up. It has certainly had a tremendous ride in the US and Europe over the last several years. Numbers from Europe indicate that buyers may have had their fill of products from the Japanese car-maker.

During January, Toyota sales fell 10.5% in January. While auto sales overall for the month were down.3% in Europe according to figures obtained by Reuters. Sales for BMW were up 13%.

The US car companies did not post their best showing. Ford (NYSE: F) units fell 3.5% and GM (NYSE: GM) dropped .9%. At least they picked up market share from Toyota.

Douglas A. McIntyre