: Toyota U.S. sales fell nearly 10% in 2022, as electrified vehicle sales dropped nearly 14%

0
12

The U.S.-listed shares of Toyota Motor Corp. TM, -0.14% slipped 0.6% in morning trading, after the automaker said U.S. fourth-quarter sales rose from a year ago but 2022 sales declined. For December, sales in the U.S. grew 3.5% to 180,147 vehicles, while fourth-quarter sales increased 13.1% to 536,740 vehicles. For all of 2022, sales fell 9.6% to 2.11 million vehicles. For electrified vehicles, the company sold 504,016 vehicles in 2022, making up 23.9% of total sales, but that’s down from 583,697 electrified vehicle sales in 2021, or 25.0% of total sales. In comparison, electric vehicle leader Tesla Inc. TSLA, +5.01% delivered 1.31 million vehicles in 2022. Toyota said it projects to be the top seller of passenger vehicles in the U.S. for the 11th-straight year. The stock has eased 1.7% over the past three months, while shares of rivals Ford Motor Co. F, +2.78% have dropped 4.1% and General Motors Co. GM, +3.13% have lost 3.8%. The S&P 500 SPX, +1.17% has gained 1.4% the past three months.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleThe Fed: Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
Next articleWhere is the real-estate market headed in 2023? Join the conversation at noon.

LEAVE A REPLY

Please enter your comment!
Please enter your name here