Toyota Motor North America Today Reported March 2024 U.S. Sales Of 214,894 Vehicles, Up 21.8% On A Volume And Daily Selling Rate Basis YoY. Electrified Vehicles Sales For The Month Totaled 78,157, Representing 36.4% Of Total Sales Volume
Portfolio Pulse from Benzinga Newsdesk
Toyota Motor North America (TMNA) reported a significant increase in U.S. sales for March 2024, with a total of 214,894 vehicles sold, marking a 21.8% increase YoY. Electrified vehicles played a major role, comprising 36.4% of total sales with 78,157 units sold. The first quarter showed a similar trend, with electrified vehicle sales surging 74% and representing 36.6% of the total 565,098 vehicles sold. Toyota and Lexus brands are expanding their electrified offerings, planning to launch over 20 new or refreshed vehicles, including hybrid versions of the Tacoma, Land Cruiser, and Camry.
April 02, 2024 | 3:32 pm
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Toyota Motor Corporation reported a 21.8% increase in U.S. sales for March 2024, with electrified vehicles comprising 36.4% of total sales. The first quarter saw a 74% surge in electrified vehicle sales. Toyota plans to launch over 20 new or refreshed electrified models, indicating a strong focus on sustainable driving options.
The significant increase in sales, especially in the electrified vehicle segment, indicates strong consumer demand and Toyota's successful adaptation to market trends. The announcement of over 20 new or refreshed electrified models further strengthens Toyota's position in the market, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
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