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Electrified models pass half of Toyota’s US quarterly sales

Toyota Motor North America’s US third-quarter sales edged up 0.6 per cent to 633,223 vehicles. Electrified models, including hybrids, grew 28.5 per cent and accounted for 57.4 per cent of deliveries. September showed stronger overall growth, although the increase was smaller after adjusting for selling days. Toyota and Lexus both expanded their quarterly sales.

Economics & Markets··Morning
The front of a parked light-green Toyota hybrid appears on a US street.

Hybrids help electrified sales take a larger share

Toyota Motor North America, the manufacturer’s regional operation for Toyota and Lexus vehicles, sold 633,223 vehicles in the US in the third quarter. Its results released on 1 October put annual growth at 0.6 per cent. Electrified models rose 28.5 per cent to 363,367 vehicles, accounting for 57.4 per cent of deliveries.[1]

Toyota’s electrified category includes hybrids and plug-in hybrids alongside other electrified options. The quarterly percentage therefore covers more than fully battery-powered vehicles. The overall quarterly increase was identical on a unit-volume and daily selling-rate basis.[1]

September deliveries grow more quickly

September deliveries increased 8.4 per cent from a year earlier to 201,306 vehicles. Electrified models accounted for 58.2 per cent of the month’s total.[1], [2]

After allowing for selling days, total September growth was 4 per cent. Electrified deliveries reached 117,215, rising 37.8 per cent by volume and 32.2 per cent on a daily selling-rate basis.[1]

Toyota and Lexus both expand quarterly volume

The Toyota division sold 540,167 vehicles during the quarter, up 0.5 per cent, while Lexus increased 1.6 per cent to 93,056. Toyota’s electrified quarterly sales rose 29.2 per cent to 325,227 vehicles. The equivalent Lexus volume rose 23.1 per cent to 38,140. In September alone, Lexus sold 29,837 vehicles, with annual unit growth of 11.4 per cent.[1]

References

  1. News sourceToyota Motor North AmericaElectrified models reach 57.4% of Toyota’s US quarterly sales↩1↩2↩3↩4↩5
  2. News sourceCarsfera.comElectrified models pass half of Toyota’s US quarterly sales↩
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