Toyota Motor North America Reports 2023 U.S. Sales Results; Year-End 2023 U.S. Sales Of 2,248,477 Vehicles, An Increase Of 6.6% On A Volume Basis And An Increase Of 7% On A Daily Selling Rate YoY; Q4 Sales Of 619,661 Vehicles, An Increase Of 15.4% YoY
Portfolio Pulse from Benzinga Newsdesk
Toyota Motor North America (TMNA) reported a 6.6% increase in 2023 U.S. sales with 2,248,477 vehicles sold. Q4 sales rose 15.4% YoY, and December sales surged 25.5%. Electrified vehicle sales grew 30%, representing nearly one-third of total sales. Toyota is expected to be the top retail brand for the 12th year and plans to offer an electrified option for every Toyota and Lexus model by 2025.
January 03, 2024 | 4:02 pm
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POSITIVE IMPACT
Toyota's strong U.S. sales performance and significant growth in electrified vehicle sales may positively influence investor sentiment and stock performance in the short term.
The reported increase in sales, particularly in the high-growth electrified vehicle segment, indicates strong market performance and consumer demand. This positive news is likely to be well-received by investors, potentially leading to a short-term uptick in Toyota's stock price.
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IMPORTANCE 85
RELEVANCE 100