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(CBS) Toyota's celebration of being the newly anointed number one carmaker in the world has been short lived.
CBS News has learned that the company's February sales numbers will be as bleak as they were in January, when the Japanese carmaker reported a 34 percent drop in its sales compared to a year ago.
"We see everyone bumping along the bottom for the next few months," Toyota spokesman Mike Michels says.
In 2008, Toyota knocked General Motors off its 77-year perch by selling nearly 9 million cars worldwide, about 600,000 more than GM.
For Toyota, Little To Celebrate At The Top - CBS News
CBS News has learned that the company's February sales numbers will be as bleak as they were in January, when the Japanese carmaker reported a 34 percent drop in its sales compared to a year ago.
"We see everyone bumping along the bottom for the next few months," Toyota spokesman Mike Michels says.
In 2008, Toyota knocked General Motors off its 77-year perch by selling nearly 9 million cars worldwide, about 600,000 more than GM.
For Toyota, Little To Celebrate At The Top - CBS News