Toyota Leads U.S. Sales Drop on ‘Clunkers’ Comparison
This article is for subscribers only.
Toyota Motor Corp. and Honda Motor Co., beneficiaries last year of U.S. “cash for clunkers” incentives, had the steepest August sales declines among large carmakers because of the program’s end and a slowing economy.
Toyota, the world’s largest automaker, sold 34 percent fewer vehicles in the U.S. than in August 2009, while Honda’s volume plunged 33 percent. Sales for Nissan Motor Co. and Hyundai Motor Co. fell 27 percent and 11 percent, respectively.