More Disappointing January Numbers For Ford, GM While Toyota Rises

Ford and GM were both down 19 percent for January, while Toyota’s sales went up 9 percent.

For January 2007, Ford and GM saw their new vehicles sales drop from January 2006, slipping 19 percent and 19.7 percent, respectively. Both companies dipped lower than industry forecast estimates of -17.5 percent for Ford and -9.4 percent for GM.

Toyota Motor Sales, on the other hand, saw its sales increase once again, rising 5.1 percent. Actual sales were below expectations of 14.3 percent.

GM has also lowered its first quarter forecast for 2007 to 1.08 million units, down from 3.6 percent from the December forecast.

For its decline, Ford cites lower sales to daily rental companies, which dropped 65 percent for the month.

Toyota’s sales were helped by the Camry, which was up 10.1 percent, as well as a 1.6 percent increase in its truck division. Ford, however, saw a 15 percent decrease for its popular F-Series pickup.