NPR logo

U.S. Auto Market Lags With Honda, Toyota Sales

  • Download
  • <iframe src="https://www.npr.org/player/embed/138946259/138946295" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
U.S. Auto Market Lags With Honda, Toyota Sales

Business

U.S. Auto Market Lags With Honda, Toyota Sales

U.S. Auto Market Lags With Honda, Toyota Sales

  • Download
  • <iframe src="https://www.npr.org/player/embed/138946259/138946295" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The big three automakers continue to see growth in their recovery but last month sales hit a bit of a bump. The overall U.S. market was dragged down by sluggish sales of Hondas and Toyotas. Companies are still struggling to work out problems with their supply chains following Japan's earthquake and tsunami in March.

RENEE MONTAGNE, host:

Companies in Japan are still struggling to work out problems with their supply chains, following Japan's earthquake and tsunami in March. That includes carmakers there. And that slowdown has hit automakers in this country. The overall U.S. market was dragged down by sluggish sales of Japanese brand cars.

NPR's Sonari Glinton reports.

SONARI GLINTON: Sales for General Motors were up by eight percent, Ford by six percent, and Chrysler beat expectations with a whopping 20 percent increase over last July.

Jesse Toprak is an analyst with TrueCar.com. He says that's good, but not as good as it used it used to be.

Mr. JESSE TOPRAK (Analyst, TrueCar.com): July sales was sort of like a car stuck on first gear. For the last three months we just can't get it to go on second gear.

GLINTON: Toprak says sales were not helped by Japanese carmakers who are still working out their supply chain issues. Toyota dropped 20 percent and Honda sales fell by more than a quarter. Oh, then there was the debt ceiling debate, which spooked stock investors and car buyers. Toprak also says there's this new surprising problem.

Mr. TOPRAK: Consumers are realizing that the new cars that theyve been buying the last several years can actually last a pretty long time without a problem. They're actually pretty well made.

GLINTON: A problem for carmakers that is.

Sonari Glinton, NPR News.

Copyright © 2011 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.