Toyota Problems Don't Lead to Big Auto Sales Lift for Rivals

For the past couple of weeks we continue to hear the mass recall of many of Toyota's models, which has led to a 9% drop in U.S. sales in February. However, many of Toyota's competitors didn't gain as much from Toyota's problems as expected. Nonetheless, Ford Motor recorded a 43% increase in U.S. sales in February, which is positive news for the domestic automaker. GM, on the other hand, continue to suffer from post-bankruptcy syndrome with sales only increasing 12%. Many of Toyota's competitors believe many traditional Toyota customers sat on the sidelines instead of switching over and buying one of their models.