Toyota Passes Ford, Leads Asian Brands to U.S. Record (Update1)
Aug. 2 (Bloomberg) -- Toyota Motor Corp. outsold Ford Motor Co. in July to rank as the No. 2 automaker in the U.S. for the first time, helping Asia-based companies win record market share as buyers shift to fuel-efficient models.
Toyota, which trails only General Motors Corp. in global sales, sold 241,826 vehicles in the U.S., up 12 percent from a year earlier, and 427 more than Ford. Gains of 6 percent for Honda Motor Co. and 6.2 percent for Hyundai Motor Co. helped the Asian companies boost their market share to 41.4 percent from 33.1 percent a year earlier, according to Bloomberg data.