agent Entrepreneur logo
MenuMENU
SearchSEARCH

Edmunds.com: Toyota Incentives Trigger Bounce in Industry Sales

March 12, 2010
2 min to read


SANTA MONICA, Calif. - In the first eight days of March, sales industrywide are stronger than they've been in nearly a year, reported Edmunds.com. "The sales pace is at a Seasonally Adjusted Annualized Rate of about 12.5 million units — the highest level since August 2009," said Edmunds.com Senior Analyst Ray Zhou. "Generous incentives from General Motors and Toyota have stimulated this boom, but I anticipate that it will cool off and that the month will end with a SAAR in the low 11 million." Thanks to its incentives program, Toyota's retail market share so far this month is about 16.8 percent, up 10 percent from last March's 15.2 percent, and up 31 percent from 12.8 percent last month when the company's widely publicized recalls impaired sales. Toyota's daily retail sales rate is running at about 47 percent higher than that of the same period last year, and about 71 percent higher than that of last month. Chevrolet — another heavily incentivized brand — is also a big gainer so far this month. Its retail market share so far this month is 12.9 percent, up 13 percent from last March's 11.4 percent, and up 14 percent from 11.3 percent last month. Ford got a late start in the incentives game this month, and Honda has not responded with any offer; both companies seem to be suffering market share losses as a result. So far in March, Honda's retail market share was 9.2 percent, down 18 percent from last March's 11.2 percent and down 11 percent from 10.4 percent last month. In the same period, Ford's retail market share was 11.7 percent, down five percent from last March's 12.4 percent and down five percent from 12.5 percent last month.

More Industry

The outside of a blue Gregg Young Chevrolet dealership.
Industry•by Lauren Lawrence•October 22, 2026

Nebraska Rooftop Changes Hands

The Gregg Young Automotive Group has sold its second dealership to Janssen Auto Group, both in Plattsmouth, Neb.

Read More →
Two white men's shaking hands
Industry•October 15, 2026

Penske Auto Group Deal a Record

The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.

Read More →
Rows of cars parked in exterior lot
Industry•by Hannah Mitchell•October 8, 2026

War Toll a Damper on Used Auto Prices

Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.

Read More →
Ad Loading...
Mechanic cleaning interior of engine
Industry•by Lauren Lawrence•October 8, 2026

Bridge the Maintenance Gap

With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.

Read More →
Ford F-150 truck rounding a curve
Industry•by Hannah Mitchell•October 1, 2026

California Store Has New Owner

The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.

Read More →
crane lowering a pipeline into the ground
Industry•by Lauren Lawrence•October 1, 2026

BMW Plant Pursues Cleaner Energy

BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.

Read More →
Ad Loading...
Two dodge cars outside of dealership.
Industry•by Lauren Lawrence•September 17, 2026

Auto Affordability Inches Up

The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.

Read More →
Five men smiling for photo in front of Honda car dealership.
Industry•by Lauren Lawrence•September 10, 2026

Ohio Auto Group Under New Ownership

After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.

Read More →
Blue and white RV parked on beach facing the ocean.
Industry•by Lauren Lawrence•September 3, 2026

RV Group Expands Carolina Footprint

Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.

Read More →
Ad Loading...
Photo of two men and one woman on a discussion panel
Industry•by Hannah Mitchell•September 1, 2026

Agent Acumen

An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.

Read More →
Ad Loading...