Automaker Toyota Motor Sales, U.S.A., Inc., (TM), Wednesday reported a 34.6% drop in US sales for the month of June on an adjusted basis, as it witnessed sharp declines in both its Toyota division and Lexus division.
The Toyota City, Japan-based company said total US sales of Toyota vehicles dropped 34.6% to 131,654 units from 193,234 units in the same month last year.
The percentage figures are on an adjusted basis considering there were 25 selling days in June 2009, compared to 24 selling days in June 2008.
Toyota division sales for June plunged 36.3% to 114,780 units from 172,981 units in the year-ago month. Total Toyota passenger cars sales for June slumped 38.7% to 84,212 units from 131,966 units in the same period of last year. Passenger cars sale at Toyota division were down 39.1% to 75,487 units, while total Toyota division light trucks declined 30.1% to 39,293 units in the comparable period of last year,
Sales of Camry for June plunged 39.0% to 26,394 units, while sales of all-new redesigned Prius mid-size gas-electric hybrid rose 6.1% to 12,998 units from the year-ago period. Corolla sales declined 54.6% to 19,935 units, while Yaris reported sales of 5,243 units for the month, down 40.6% from the same month last year. However, Camry and Camry Hybrid remained Toyota's volume leaders posting combined monthly sales of 26,394 units.
The Lexus Division sales for June decreased 20% to of 16,874 from 20,253 units last year. Total Lexus passenger cars for June declined 35.3% to 8,725 units from 12,942 units in the year-ago month, while its truck division recorded a rise of 7.0% to 8,149 units from the year-ago period.
Total Sales of sport utility vehicle for June were down 20.7% to 19,629 units from 23,777 units in the corresponding month a year ago.
Year-to-date, total Toyota US car sales plunged 37.5% to 770,449 units from 1,240,088 units last year. For the first half of 2009, total Toyota division sales for the period dropped 37.9% to 680,389 units, while total Lexus units decreased 33.7% to 90,060 units in the same period of last year.
Meanwhile, Ford Motor Co. (F), the only major U.S. automaker that has not filed for bankruptcy said its June U.S. sales fell 10.9% from last year, as vehicle demand continued to shrink in a challenging industry and economic environment. The Dearborn, Michigan-based automaker said it sold 155,195 vehicles in June, down from 174,091 vehicles sold in the same month last year. For May, Ford reported a 24.2% drop in U.S. vehicle sales.
TM is currently trading at $75.64, up $0.11 or 0.15%, on a volume of 0.31 million shares on the NYSE.
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