Toyota Wrestles World Sales Lead from GM but Predicts Decline in Profit by Year's End

SUGAR LAND--May 13, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In July 2007, foreign automakers took control of the monthly sales numbers in the United States for the first time in history. In August, the Detroit Three fought back, mainly through a "one-time" sell-off of vehicles to rental companies and regained the lead in total sales. However, even though the Detroit Three managed to stave off the foreign sales invasion, it was only a matter of time before foreign automakers took firm control of the American automotive sales landscape.