Toyota's sales up despite recall
But gives up U.S. sales to rivals
Last Updated: Tuesday, March 2, 2010 | 10:32 PM ET
CBC News
Related
Toyota Canada sold 25.2 per cent more vehicles in February compared to the same month a year earlier, despite a huge worldwide recall of its products, the automaker reported Tuesday.
It sold about 11,791 vehicles last month, with car sales rising 13 per cent and truck sales up 45 per cent.
Toyota Canada sold about 11,791 vehicles last month, with car sales rising 13 per cent and truck sales up 45 per cent. (Mark Blinch/Reuters) Toyota sold 258 Prius models — a 55.4 per cent increase — and 2,906 Corollas, a nine per cent increase.
Its luxury Lexus division saw sales rise 26 per cent, its best February ever.
Toyota has recalled 270,000 vehicles in Canada due to a defect that caused the accelerator pedal to stick.
The story was different in the U.S. where Toyota lost sales to its rivals. Its U.S. sales fell nine per cent last month, making it the only automaker to sell fewer cars and trucks. GM, Nissan and Honda all reported double-digit sales growth last month compared with a year earlier,
"We feel we're getting our fair share of the Toyota business," said Susan Docherty, vice-president of sales and marketing at GM, whose U.S. sales rose nearly 12 per cent.
Ford leads Canadian sales
Ford Canada said its sales increased by 51 per cent compared to February 2009, marking its ninth consecutive month of improvement and beating out General Motors to sell the most vehicles — 17,920 — in Canada last month.
GM doubled its retail sales for all its brands for a total of 10,109, compared with 5,107 in February of 2009.
Chrysler Canada sold 14,045 vehicles, an increase of 17 per cent, to hold on to its No. 2 position in the Canadian market.
Chrysler saw a 47 per cent increase in sales of its minivans, the Dodge Grand Caravan and Chrysler Town & Country, with combined sales of 4,415 units, giving it 85 per cent of the minivan market in Canada.
Honda Canada sold 8,917 vehicles, up 27 per cent. Sales of Honda-brand vehicles rose 33 per cent, while sales of Acura luxury vehicles were down 13 per cent.
Kia Canada sold 3,001 vehicles in February, up 35 per cent over the same period last year and its 14th month of consecutive sales growth.
Corrections and Clarifications
- An earlier version of this story said Toyota sales were up 24 per cent in February. In fact, they rose 25.2 per cent. (March 2, 2010 | 12:47 p.m. ET)
Share Tools
Top News Headlines
- Raitt closer to ending CP Rail strike
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Rail strike if necessary, after both CP Rail and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt tells CBC News she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria, B.C., native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Syrian regime denies role in Houla massacre
- Quebec tornadoes cause millions in damage
- Montreal protesters march in peaceful defiance
- Remains found in bag on Cape Breton river ID'd
- Woman's remains found in hockey bag on Cape Breton river
- Everest team unable to bring down Toronto woman's body
- Neighbour may have helped find missing kids in Mexico

