Financial Times FT.com

Toyota stall keeps GM atop US sales rankings

By Bernard Simon in Toronto

Published: July 1 2008 22:54 | Last updated: July 1 2008 22:54

Toyota’s US sales fell by more than a fifth last month, allowing General Motors to retain its decades-long dominance of the world’s biggest car market.

GM’s sales fell by a more modest 18 per cent, helped by a generous interest-free financing promotion that it put in place last week to spur demand. GM sold 69,000 more cars and light trucks than Toyota last month compared with a gap of fewer than 10,000 in May.

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