Toyota Motor Corp. is expected to gain enough to take over Ford Motor Co. as the second largest automaker in the United States next to General Motors. According to some auto analysts, they saw large sales in December on the part of Ford. This is perceived to be in favor of the struggling Japanese automaker.
Edmunds.com tracked auto sales data and stated that Ford could suffer a remarkable 19.6 percent drop in December compared to last year's record. On the one hand, Ronald Tadross, Bank of America analyst, expects that Ford would drop by 10 to 12 percent range. Also, several analysts expect that Toyota has the nerve to unseat the ailing Ford.
If auto analysts' prediction would turn into reality, it would happen for the second month in a row and the third month of 2006. Jesse Toprak, chief economist for Edmunds, said Toyota likely will claim the No. 2 spot for the year in 2007, although Ford could bounce back for a few months during the first half of the new year. Toprak added, "They're [Ford] going to be down in pretty much every single segment. They really did not have any new products that will bring excitement and showroom traffic to a great extent."
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