Toyota Ties with Honda for Top Reliability Scores

Strategic Insights -

Consumer Reports' annual survey of 1.3 million vehicle owners and leasers found that Toyota Motor Corp. tied with Honda Motor Co. for the largest number of models with top reliability scores. Both companies achieved top scores in five categories, while Ford Motor Co. was the only U.S. automaker to top the list in two categories. General Motors Co. showed the most improvement among domestic companies. Despite recalling over 10 million vehicles in the past year, Toyota's reliability was still ranked high.

Key Takeaways:

  • Toyota Motor Corp. and Honda Motor Co. each had five models with top reliability scores in Consumer Reports' annual survey.
  • Ford Motor Co. was the only U.S. automaker to top the reliability list in two categories.
  • General Motors Co. showed the most improvement among domestic companies.
  • Toyota recalled over 10 million vehicles in the past year, but its reliability still ranked high.
  • Consumer Reports surveyed 1.3 million vehicle owners and leasers for the survey.
  • The major Asian automakers, including Honda and Toyota, continue to lead in reliability.

Statistics:

  • Over 10 million vehicles were recalled by Toyota in the past year.
  • 1.3 million vehicle owners and leasers were surveyed by Consumer Reports.
  • 5 categories were topped by Honda and Toyota in the reliability survey.
  • 2 categories were topped by Ford Motor Co. in the reliability survey.
  • General Motors Co. showed the most improvement among domestic companies.

Sources:

  • Bloomberg
  • Consumer Reports
  • SmarTrend News Watch via COMTEX
  • Tradethetrend.com
  • TradeTheTrend.com
  • Comtex News Network, Inc. 2010