Japanese automakers are not having a great start to 2010 due to a number of recalls. Toyota had a huge recall towards the end of last year and have now issued a fresh one this month, along with suspending sales of 8 models. Honda have also issued a recall due to a potential fire risk, both these recalls have helped see a gain in Ford and GM sales.
When it comes to car sales, Toyota and Honda are big players but it is the former who is the number one seller in the U.S. Ford and General Motors always keep trying to put up a battle with Ford being the better of the two. But this latest recall has had a serious effect on Toyota, according to philly.com, it is suggested that the Japanese carmaker will lose around 100,000 unit sales per month all the time the stoppage is in place.
Ford knows that they can smell the blood of a wounded animal but are not being drawn into anything. They are just focused on their business plan and it seems to be working. While at the Detroit Auto Show, they announced surging stocks and that they were to create 1,000 new jobs.
According to Reuters, GM looks set to see an increase of at least 5% to 10% in car sales for the month of January. There are a number of factors contributing to this, but the main one is those Toyota recalls. General Motors wish to capitalize on this, which you can read more about in a recent post.
Are you affected by these latest recalls, if so will it persuade you to purchase an American model instead?