Toyota U.S. sales fell 11.2% in February

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• Toyota Motor (TM +0.2%) reports February U.S. sales declined 11.2% Y/Y to 157,827 vehicles vs. -5.1% in January 2022.
• Toyota division sales slipped 11.9% Y/Y to 142,356 vehicles and Lexus division sales dropped 5.6% Y/Y to 20,231 vehicles.
• EPV sales dipped 1.7% Y/Y to to 41,002 units, accounted for 25.2% of total TMNA sales vs. 22.8% year ago.
• SUV sales +3.7%, Sienna -22.4% and Pickup sales -13.2% for the month.
• Truck sales -2.4% and car sales -29.9% for the month.
• The company will resume operations at all 14 plants in its home country on Wednesday after halting production due to impacts from a cyberattack against parts supplier Kojima Press Industry Co.

Comments

[cssys]

tm just needs to build some more..

[Tdot]

Wards Automotive forecasts had Toyota US February sales down 13%, with the overall market down 11% at a 14.2 million SAAR.

No huge surprises here, it was all expected.

Wards also forecast Nissan sales to be down 30%, Honda down 24%, GM sales to be down 15%, Ford down 14%, and Stellantis (Chrysler etc.) down 6%. We'll see how those turn out as well.

[Gotnotime]

Based upon my buying experience with Toyota, I would say their sales are down not due to demand, but rather supply. 3 months to get a new tacoma and above MSRP.