Toyota Motor Corporation’s (NYSE: TM) Toyota Motor North America reported a 9.1% decline in March 2023 U.S. sales to 176,456 vehicles.
Sales of electrified vehicles for the month represented 27.5% of the total sales volume.
Toyota division sales decreased 12% to 150,099 in March.
For the first quarter, TMNA reported sales of 469,558 vehicles, down 8.8% on a volume and daily selling rate (DSR) basis.
In the first quarter, Toyota division sales dropped 10.9% to 401,306 vehicles.
“We continue to make improvements to our vehicle inventory to satisfy customer demand, while doing all we can to exceed expectations as we introduce more electrified vehicles throughout the balance of 2023,” said Jack Hollis, executive vice president, sales, TMNA.
Price Action: TM shares are trading higher by 0.10% at $141.83 on the last check Monday.
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Source: https://finance.yahoo.com/news/toyota-clocks-9-1-decline-192854060.html