Chrysler, Toyota, Hyundai, Ford Make Big Gains As Auto Market Recovers

Chrysler, Toyota, Hyundai, Ford Make Big Gains As Auto Market Recovers

April sales numbers are beginning to trickle in, and two companies largely written off by the media turned out to be the biggest gainers. Chrysler and Toyota, two companies who were earlier maligned for their dated product and recall scandals saw sales increases of 25 and 24 percent respectively, while current industry darlings Ford and Hyundai saw gains of 32 percent and 25 percent.

Demand for trucks was strong, with Ford reporting a 42 percent increase in sales of their F-Series, while GM reported Chevrolet Silverado sales were up 12 percent and GMC Sierra sales were up 13 percent. Jesse Toprak, an analyst for TrueCar.com, credited returning consumer confidence with sparking a recovery. “It’s slow, but we are on the right track,” he said in an interview with Automotive News.

[Source: Automotive News]