Toyota Sales Drop 18.7%

Discussion in 'OT Driven' started by TriShield, Aug 1, 2008.

  1. TriShield

    TriShield Super Moderator® Super Moderator

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    Toyota sales drop in July on lower demand for pickups, sport utility vehicles

    Friday August 1, 1:46 pm ET

    TORRANCE, Calif. (AP) -- Toyota Motor Sales USA Inc. said Friday its July U.S. sales fell on a steep drop in demand for pickup trucks and sport utility vehicles.

    Toyota sold a total of 197,424 vehicles in July, down 11.9 percent from 224,058 in the same month last year.

    Sales of light trucks, including the Lexus brand, fell 27.1 percent to 69,325 vehicles from 95,150, as Toyota-brand SUV sales dropped 26.3 percent to 26,561 units and Toyota brand light truck sales tumbled 28.8 percent to 60,362.

    Sales of the RAV4 SUV dropped 17.2 percent to 12,006, and demand for the Tundra pickup fell 42.1 percent to 13,413.

    Passenger car sales edged down 0.6 percent to 128,099 from 128,908, as Camry sales rose 1.5 percent to 42,131 and Corolla sales rose 15.9 percent to 34,438. Sales of the automaker's Prius hybrid dropped 8 percent to 14,785 units as the company couldn't make enough to meet demand.

    Lexus division sales fell 18.3 percent to 22,182 vehicles.

    So far this year, Toyota sales are down 7.6 percent to 1.4 million vehicles from 1.6 million at the same time last year.

    Toyota also said Friday that prices for its 2009 Toyota Yaris subcompact models will range from $12,205 for the three-door Liftback base model to $15,880 for the Sedan S model. The vehicles are scheduled to go on sale this summer.

    Toyota's U.S. shares fell 66 cents to $85.39 in afternoon trading.

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  2. TriShield

    TriShield Super Moderator® Super Moderator

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    Toyota Drops 18.7%

    [​IMG]
    The SUV ship has sailed.

    By Frank Williams
    August 1, 2008

    The July sales numbers are starting to come in and they're not encouraging. Toyota reports their overall sales dropped 18.7 percent (adjusted for sales days) from last July. Toyota Division accounted for 17.9 percent of that number while Lexus showed a 24.6 percent drop.

    As you can probably guess, trucks were responsible for the largest chunk of Toyota's dismal numbers; passenger cars were down only 5.4 percent while trucks plummeted 34.3 percent. In a reversal of that trend, Lexus passenger cars were off by 27.2 percent while their trucks dropped only ("only"?) 20.3 percent.

    Even the almighty Prius was off by 15 percent. If Toyota's turning in numbers like this, it's going to be scary to see everyone else's reports.
     
  3. Jd

    Jd Active Member

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    Wirelessly posted via wap.offtopic.com (getmoney: Mozilla/4.0 (compatible; MSIE 6.0; Windows 98; PalmSource/Palm-D060; Blazer/4.5) 16;320x320)

    Ouch.
     
  4. RedBeauty84ZX

    RedBeauty84ZX New Member

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    Nissan did well this month given the economy...:

    "NISSAN NORTH AMERICA ANNOUNCES JULY SALES
    NASHVILLE, Tenn. (August 1, 2008) – Nissan North America, Inc. (NNA) today reported sales for July of 95,319 units versus 87,877 units a year ago, an increase of 8.5 percent. Sales of Nissan Division vehicles increased 9.9 percent, while sales of Infiniti vehicles decreased by 2.9 percent.

    NISSAN HIGHLIGHTS
    • Nissan vehicles saw sales of 86,070 units in July compared with July 2007’s 78,351 units sold, a 9.9 percent increase.
    • Nissan’s Versa subcompact posted strong sales of 8,701 units, up 14.4 percent.
    • Nissan’s Sentra posted a 16.0 percent increase with sales of 10,977 units.
    • Sales of Nissan cars combined for 49,863 units, an increase of 4.8 percent from the prior year, while truck sales increased 17.7 percent to 36,207 units.

    INFINITI HIGHLIGHTS
    • Infiniti sales for July declined to 9,249 units from 9,526, a decrease of 2.9 percent.
    • Sales of the G37 Coupe totaled 1,583 units, an increase of 45.0 percent over July 2007.
    • The all-new FX luxury crossover posted an increase of 19.2 percent with 1,729 units.

    NNA INFORMATION
    • Combined sales for Nissan and Infiniti of 95,319 units, compared with last July’s sales of 87,877 units, marking an increase of 8.5 percent.
    • To ensure consistency in our global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days in the month. This July had 26 selling days in the month, while July 2007 had 24 selling days.
    In North America, NNA’s operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. More information on NNA and the complete line of Nissan and Infiniti vehicles can be found online at www.nissannews.com."
     
  5. deusexaethera

    deusexaethera OT Supporter

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    You reap what you sow. We knew better, but lots of people bought SUVs and trucks anyway, and now the car companies have huge amounts of resources dedicated to making them, but nobody wants to buy them anymore.
     
  6. art_VW_shark

    art_VW_shark OT Supporter

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    The Tundra, Sequoia and Land Abuser don't help.
     

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