Toyota Motor North America Reports U.S. June And First Half 2023 Sales Results; Sales In June 2023 Of 195,448 Vehicles, Up 14.9% On A Volume And Daily Selling Rate Basis YoY. Electrified Vehicles Totaled 51,535 Representing 26.4% Of Total Monthly Sales
Portfolio Pulse from Happy Mohamed
Toyota Motor North America (TMNA) reported U.S. sales in June 2023 of 195,448 vehicles, up 14.9% YoY. Electrified vehicles made up 26.4% of total monthly sales. For the first half of 2023, TMNA reported U.S. sales of 1,038,520 vehicles, down 0.7% YoY. Electrified vehicle sales totaled 270,476, representing 26.0% of total year-to-date sales. Toyota and Lexus are expanding their electrified powertrain options, with 24 electrified vehicle options available at dealerships.
July 05, 2023 | 2:33 pm
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Toyota's U.S. sales in June 2023 increased by 14.9% YoY, with electrified vehicles making up a significant portion of sales. However, total sales for the first half of 2023 were down 0.7% YoY.
The increase in sales, particularly of electrified vehicles, indicates a positive market response to Toyota's electrified powertrain options. This could potentially boost Toyota's stock in the short term. However, the slight decrease in total sales for the first half of 2023 may temper this impact.
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IMPORTANCE 80
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