Ford Motor Company (F), General Motors Company (GM), Toyota Motor Corporation (ADR) (TM): Detroit’s Big Three Surge but Still Trail Japanese Rivals

Keep in mind

While all of Detroit’s automakers did well, they still trailed behind Japanese rivals in terms of sales gains. Honda Motor Co Ltd (ADR) (NYSE:HMC) led the pack with sales gains of 27%, to 166,432 units sold. Toyota Motor Corporation (ADR) (NYSE:TM) posted an impressive 23% gain when you consider that it was working from a higher base sales number. Toyota’s sales improved from 188,520 last year to 231,537 which was just enough to edge out Ford Motor Company (NYSE:F) for the No. 2 sales spot in the U.S. market. Another thing to keep in mind is that Labor Day sales were recorded in August this year, which could have inflated the sales gains slightly. Toyota Motor Corporation (ADR) (NYSE:TM) and Honda Motor Co Ltd (ADR) (NYSE:HMC) topped Detroit’s Big Three in August sales gains but Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) are much more competitive than they have been in a long time and could start reversing that trend sooner than you might think.

The article Detroit’s Big Three Surge but Still Trail Japanese Rivals originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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