Toyota is world-renown for producing highly efficient and reliable vehicles, but that sterling image wasn’t enough to protect the Japanese automaker from the quarter that was July-September. During that timeframe, Toyota saw is global sales slip 4 percent, resulting in the company’s first quarterly sales decrease since 1999.
Toyota recorded sales decreases across the globe during its fiscal second quarter, but the company’s U.S. operations are largely responsible for the 4 percent drop. Toyota’s U.S. sales collapsed in September — posting a sharp 32.3 percent decrease – with overall U.S. sales down 10.4 percent this year.
Toyota recently launched a zero-percent financing campaign in the U.S., intended to help rally slumping sales.
Despite the quarterly drop, Toyota’s sales are actually ahead for the year, but just barely. Through the first nine months of the year, Toyota’s sales are up by a mere 2,000 units, totaling 7.051 million vehicles, according to Automotive News.
10/24, 11:40 AM
posted by:
mayer_ray_nagin
Toyota’s days are numbered.
10/24, 11:56 AM
posted by:
Borat
….and Detroit is on the road to prosperity?
10/24, 12:04 PM
posted by:
WAYNE WEATHERSBY
Everybody hold on…the world is coming to an end…The almighty TOYOTA had a sales decrease!!!
10/24, 12:09 PM
posted by:
johnnycanuck
So… what’s it like in Wayne’s world? How’s that Pacer holding up?
10/24, 4:20 PM
posted by:
yarddog82abn
Aaaaaa….
NO MORE BANG-BANG FOR THIS BABY-BOO…..
Full Metal Jacket, after they kill the sniper….Kick-as movie….
10/24, 4:51 PM
posted by:
jonmiles
I agree with Mayer and fuk-u-ass
10/24, 7:36 PM
posted by:
DrFill
Still up YTD
DrFill
10/25, 3:25 PM
posted by:
Get Real
Toyota is sitting on such a huge pile of cash it can just wait for GM and Ford to file bankruptcy.
You cannot sell problem filled cars to people forever…..there will be payback.
And payback is a bitch sitting in court of law waiting to divide up the assets to the creditors next year.
10/27, 11:12 AM
posted by:
shaver
I must admit that I enjoy watching Toyota lose in F1 every weekend. But this is good news for Toyota considering everyone elses sales. Other then Honda, VW and the boutique brands every one else is seeing much greater declines then this.