Toyota (TM) reports strong 2Q US sales growth

Toyota’s (NYSE: TM) North American branch reported their June and 2Q production and delivery results Wednesday with U.S. sales in June of 195,448 vehicles, up 14.% versus June of 2022. June 2023 sales of electrified vehicles totaled 51,535, representing 26.4 percent of total monthly sales.

Toyota North America recorded U.S. sales of 1,038,520 vehicles during the initial six months of 2023, indicating a slight decrease of 0.7% in both volume and DSR (Daily Selling Rate) comparison. In terms of electrified vehicles, the company sold a total of 270,476 units, accounting for 26.0% of the overall sales for the year so far.

"We continue to focus on customers' needs with several new and refreshed products in the first half of the year, including the all-new Toyota Crown and the Lexus brand's first fully electric vehicle, the RZ 450e," said Jack Hollis, executive vice president, Sales, TMNA. "Our teams are working around the clock to get vehicles into customers' hands and they can expect even more exciting and electrified products later this year, including the all-new Grand Highlander, Toyota Tacoma and a new nameplate from Lexus, the TX."

Shares of TM are up 0.36% in mid-day trading on Wednesday.

By Michael Elkins | [email protected]

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