Toyota Widens Profit Per Car Margin to $3,814

Toyota Motor Corp made about $1,977 per car that they sold in North America last year.

GM lost $146 per car.

Ford lost nearly $2,000 per car and Chrysler was making $3,088 per car LESS than Toyota, meaning Chrysler lost money on every car it sold.

Toyota is making about $3,800 MORE per car sold than America's

big Three. 

A big difference is that it costs from $1,200 – $1,500 per car for labor for cars made for America's big three.

The average price of a car in the United States last year was $28,451.

GM seems to be making the biggest strides at catching up with Japanese carmaker, Toyota.

GM's factories have changed the way they build cars and trucks by building them the same way, using common parts on multiple vehicles and reducing the number of assemblies. GM also retired 34,000 hourly workers.

Still, GM, FORD and Chrysler have a long way to go to catch up with Toyota's profit margin.

Not losing money on each car would be a great first step.