Toyota Misses U.S. Sales Rebound as Asian Rivals Gain
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Toyota Motor Corp., the world’s largest automaker, reported U.S. sales declines for December and 2010 as the lingering impact of record recalls aided deliveries at smaller rivals including Hyundai Motor Co.
The Japanese automaker’s sales fell 5.5 percent last month and 0.4 percent for the year, while industrywide December deliveries advanced 11 percent, according to Autodata Corp. Hyundai posted a 33 percent December gain and a full-year increase of 24 percent to a record 538,228 vehicles. Monthly sales rose 21 percent at Honda Motor Co. and 28 percent at Nissan Motor Co.