Toyota’s US sales in August
In August 2017, Toyota Motor (TM), the largest Japanese automaker, reported a YoY (year-over-year) rise of 6.8% in US sales to 227,625 vehicle units. PIn July, the company’s US sales rose 3.6% YoY to 222,057 vehicles.
August was the third consecutive month that Toyota’s US sales rose on a YoY basis. In 2016, Toyota’s global vehicle sales were in second position after Volkswagen (VLKAY), the European auto giant.
Now let’s take a closer look at Toyota’s August US sales data (IYK).
Toyota offers its vehicles in the US market under two key brands: Toyota and Lexus. They include cars, utility vehicles, and trucks.
Solid August truck sales
Toyota’s total US car sales in August were 92,912 vehicle units, a 7.2% fall YoY. On the brighter side, its August US truck sales stood firm at 134,713 units with a significant YoY rise of ~19.2%. For Toyota’s truck sales, August was the best month of 2017 so far.
Toyota’s US truck sales have been rising on a YoY basis for seven consecutive months, which was a positive factor for its profitability.
YTD US sales
In the first eight months of 2017, Toyota has sold 1.6 million vehicle units in the US market. That’s a YTD (year-to-date) fall of 1.3% from 1.62 million vehicle units sold in the same period last year. On a YTD basis, sales of Toyota’s brand vehicles fell 0.20% YoY, while Lexus’s brand sales fell 8.0%.
Next, let’s look at Honda’s US sales in August 2017.