02/07/2008 13:59. July 2 (Bloomberg) -- Honda Motor Co. and Hyundai Motor Corp. increased June U.S. sales amid an industry decline, leading Asia-based automakers to outsell General Motors Corp. , Ford Motor Co. and Chrysler LLC for a second straight month.

Demand for fuel-efficient cars boosted sales for Honda and Seoul-based Hyundai about 1 percent each from a year earlier while the U.S. total fell 18 percent. Toyota Motor Corp., the biggest Asian automaker, reported a 21 percent drop, hurt by lack of demand for its Titan pickup truck and an inability to build enough Prius hybrids.

With gasoline prices averaging more than $4 a gallon, June sales reflected the shift in buyer preferences toward cars. GM, Ford and Chrysler fell a combined 26 percent as they get more than half of their sales from pickups,... // Bloomberg

Total: 3 news articles
First News Article: Bloomberg, 02/07/2008 10:41