Toyota Shares Pop On 17% Growth In US September Sales

Toyota Motor Corp TM reported U.S. September 2022 sales of 179,050 vehicles, up 17.1% on a volume and daily selling rate (DSR) basis versus September 2021.
September 2022 sales of electrified vehicles (EV) totaled 35,419, representing nearly 20% of total monthly sales.
For Q3, the automaker's sales in the U.S. fell 7.1% Y/Y to 526,017 vehicles. EV sales for the quarter totaled 111,713, representing 21.2% of total year-to-date sales.
Sales in Toyota division shot up 20.8% in September, while Lexus division declined 4.3%.
Also Read: Toyota Registers 44.3% Production Growth In August
"Through the end of 2022, customers can expect even more electrified options in showrooms from both brands including four new Corolla hybrid grades, the Corolla Cross hybrid, the all-new Toyota Crown with two hybrid options, and the all-new Lexus RX with available hybrid," said Jack Hollis, EVP, Sales, TMNA.
By the end of 2022, TMNA plans to unveil more hybrid vehicle options; Corolla Cross hybrid, the all-new Toyota Crown hybrid, Lexus RX hybrid, plus four new Corolla hybrid grades.
Price Action: TM shares are trading higher by 3.99% at $135.49 on the last check Monday.
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