Toyota Motor North America Records US Sales Increase Of 14.9% In June
Portfolio Pulse from Shivani Kumaresan
Toyota Motor Corporation's (NYSE:TM) North American division reported a 14.9% increase in U.S. sales for June 2023, selling 195,448 vehicles. Sales of electrified vehicles rose 28.8% YoY, accounting for 26.4% of total sales. However, for the first half of 2023, U.S. sales decreased by 0.7% YoY. TM shares are trading higher by 0.90% at $161.91.
July 05, 2023 | 4:27 pm
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Toyota's U.S. sales increased in June, with a significant rise in electrified vehicles sales. However, H1 2023 sales saw a slight decrease. TM shares are trading higher.
The news of increased sales, particularly in electrified vehicles, is positive for Toyota and likely contributed to the rise in share price. However, the slight decrease in H1 2023 sales may temper this positive impact in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100