As the domestic automakers like Ford continue to struggle in the U.S. auto market, one could say that this is the best of times for foreign car makers.One definitely reaping the benefites is Toyota. According to the Free Press, the Japanese automaker, which many pundits expect will surpass General Motors as number one automaker with the next couple of years if not sooner, reports that its sales for October were up 4.5 percent over the same period last year. Leading the sales figures among passenger cars was the Toyota Camry which reached a level of 33,728 units with sales of the Camry hybrid soaring 20 percent over last year’s sales. In addition, the Prius hybrid had its best October ever with a sales increase of 44.9 percent over last year.
Lexus, Toyota’s luxury brand, also did well reporting a 4.6 percent increase in sales for October.
However, not everything was rosy. Camry sales, overall, translate to a 4.1 percent drop compared to the same period last year. And sales in California, a key market for Toyota, were down due to the wildfires and the housing market.