Local Business
GM, Ford, Toyota post sales gains
Posted:  11/03/2009 11:00 PM

DETROIT -- General Motors on Tuesday reported its first monthly gain in U.S. sales in almost two years, while Toyota and Ford also improved, a sign that the auto industry it starting to crawl back from a yearlong slump. Demand for new cars and crossovers in October fueled better results for GM and Detroit rival Ford. GM's sales rose 4.7 percent from October 2008, while Ford notched a 3-percent gain. Japanese rival Toyota said its sales edged up less than 1 percent, while less rosy news came from Chrysler, whose sales fell 30 percent, though they improved from September. The biggest winners were Hyundai, based in South Korea, whose sales jumped 49 percent to 31,005 vehicles, boosted by its fuel-efficient Elantra sedan; and Japanese automaker Subaru, which saw a 41-percent surge, helped by strong sales in its Outback and Forester models. Automakers had said October would be a test of the strength of the auto market after the volatile effects of the government's Cash for Clunkers program.