Photo credit: DAVID PHILLIP
Toyota Motor Sales U.S.A. said sales fell 1.3 percent in May from a year earlier on weaker car volume. Overall, Toyota car demand fell 11 percent last month while light-truck sales rose 5.8 percent. Year-to-date sales inched 2.8 percent higher, compared with the same period a year ago.
Brands: Toyota down 1.5%, Lexus down 0.1%.
Notable nameplates: Toyota Camry down 7.9%, Toyota Corolla down 10%, Toyota RAV4 down 0.4%, Toyota Highlander up 18%, Toyota Tacoma up 21%, Toyota Tundra down 5.8%, Lexus NX down 0.7%, Lexus RX up 9.6%, Lexus LS up 186% (908 vs. 317), Lexus ES down 9.5%, Toyota C-HR up 136% (4,366 vs. 1,848).
Incentives: $2,318 per unit, down 11% from a year earlier, according to ALG.
Average transaction price: $31,675, up 2.8% from a year earlier, ALG says.
Quote: “Toyota continues to struggle in the car segments, even with an all-new Camry. There may be opportunity for vehicles like Camry with Ford leaving sedan segments, but it will still be an uphill battle with American consumers,” said Akshay Anand, executive analyst for Kelley Blue Book.
Did you know? Toyota and Lexus divisions’ light trucks posted a best-ever May.