Thursday, October 1, 2020

TOYOTA: Q3 off 11% but finishes strong

TOYOTA: Q3 off 11% but finishes strong https://ift.tt/3l5IbgO

Toyota's U.S. sales rose 16 percent in September, capping off a difficult third quarter in which volume fell 11 percent.

Company officials said September marked the first time the Toyota division had surpassed its pre-COVID sales plan, with deliveries up 14 percent for the month and hybrid sales up 32 percent. Seven models, Toyota said, posted best-ever September results.

Brands: Toyota up 14% in September, down 13% in Q3; Lexus up 31% in Sept., up 2% in Q3.

Notable nameplates: Toyota Camry up 22% in September, down 4.1% in Q3; Corolla down 10% in Sept., down 30% in Q3; RAV4 up 25% in Sept., down 3.9% in Q3; Tacoma up 14% in Sept., down 10% in Q3; Tundra up 8.5% in Sept., down 12% in Q3; Lexus ES up 37% in Sept., down 8.2% in Q3; RX up 35% in Sept., up 4.7% in Q3.

Incentives: $2,666 per vehicle, up 10.8% from a year earlier, ALG says.

Average transaction price: $33,726 up 2.4% from a year earlier, according to ALG.

Did you know? The Toyota Highlander hybrid posted its best-ever sales month in September with 5,684 sold.

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