How Toyota Is Adjusting to an Unfriendly Market
Toyota Motor (NYSE: TM) said that its U.S. sales fell 16.5% in September. Nearly all of its models suffered year-over-year declines, as buyers seeking larger vehicles turned away from Toyota's mainstay sedans and fuel-efficient crossovers.
It was Toyota's largest monthly U.S. sales decline since September 2011, when the company was still working to rebuild inventories after the March 2011 earthquake and tsunami in Japan.
For the third quarter, Toyota's U.S. sales fell 9.9% from the third quarter of 2018, but the company still sold enough vehicles to outpace rival Ford Motor (NYSE: F) for second place in the United States.
Source Fool.com
