New book by Larry Connors Click here Improve your trading - See how
The Toyota City, Japan-based company's sales dropped to 211,533 vehicles from 233,471 sold last August. Toyota LT truck sales decreased 16.4% to 81,911 units from 97,964 units previous year. Total Toyota car sales fell 4.3% to 129,622 units from 135,507 units a year-ago.
The Toyota Division's August sales were 182,252 units, a drop from 201,272 units sold last year. Toyota Division passenger cars recorded August sales of 111,778 units, down 3.4% from last year. Camry and Camry Hybrid, which led the passenger car sales, posted combined sales of 44,064 units, up 3.3% over August 2007.
Corolla recorded sales of 29,443 units for the month, down 3.4% from last August. With limited availability, the Prius mid-size gas-electric hybrid posted August sales of 13,463 units, a decline of 4.2% from last year. Yaris reported sales of 9,474 units for the month, up 20.5% over the year-ago month.
Toyota Division light trucks posted August sales of 70,474 units, down 17.6% from August 2007, led by the Tundra full-size pickup with August sales of 17,401 units, down 8% from last August. Scion posted August sales of 11,867 units, down from 14,583 units reported last year.
The Lexus Division sold 29,281 units, compared to 32,199 units sold last August. Lexus passenger cars reported August sales of 17,844 units, a decrease of 9.8% from August 2007. Passenger-car sales were led by the ES entry luxury sedan with August sales of 7,881 units, down 8.8% from last year. Lexus Division light trucks recorded August sales of 11,437 units, down 7.8% from the year-ago month. Lexus sales were led by the RX luxury utility vehicle, which posted combined August sales of 8,969 units. The RX 400h hybrid luxury utility vehicle reported August sales of 1,277 units, up 9% over August 2007. The LX 570 reported sales of 748 units, an increase of 238.5% over the same period last year.
TMS posted August sales of 19,529 hybrid vehicles. Toyota Division recorded sales of 18,146 hybrids for August 2008. Lexus Division reported August sales of 1,383 hybrids.
There were 27 selling days in August 2008 and August 2007.
Year-to-date, the company's sales dropped 8.3% to 1,649,043 units from 1,788,603 units. Toyota division sales dropped 7.3% to 1,460,869, while Lexus division sales declined 14.7% to 188,174 units. TMS calendar-year-to-date hybrid sales totaled 185,051 units.
Among others in the industry, General Motors Corp. (GM | Quote | Chart | News | PowerRating), the world's largest automaker, said total vehicle sales for August dropped 20.4% to 308,817 units from 388,168 units in the prior year period.
Earlier in the day, Ford Motor Co. (F | Quote | Chart | News | PowerRating) said its U.S. sales for August dropped 26.6% to 155,690 units from 212,120 units sold in the same month last year.
TM is currently trading at $89.93, up $1.10 or 1.24%, on 529,438 shares. For the past year, the stock trended in the range of $82.08-$119.00.
For comments and feedback: contact editorial@rttnews.com Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
