Toyota Motor August US Sales Rise 14%
01 Sep 05 15:37
TORRANCE, Calif. -(Dow Jones)- Toyota Motor Sales U.S.A. Inc.'s August sales rose 14%, driven by the strength of its new vehicles and hybrid technology.
In a press release Tuesday, the Toyota Motor Corp. (TM) unit said August vehicle sales rose to 205,362 vehicles sold from 180,394 vehicles a year ago. Sales rose 9.5% on a daily-selling-rate basis.
August 2005 had 26 selling days, up from 25 a year ago.
Toyota's passenger car sales for the month rose to 120,198 vehicles from 97, 632 a year ago, driven by a sales surge for its 2005 Avalon full-size sedan and its Prius gas-electric hybrid mid-size sedan in its Toyota division and the GS 430 and 300 in its Lexus division.
August total light truck sales climbed to 85,164 vehicles from 82,762 vehicles a year ago, led by sales of the Tacoma pickup in its Toyota division and the LX 470 in its Lexus division.
Toyota's year-to-date total U.S. vehicle sales rose to 1.54 million units from 1.39 million a year earlier. The increase represents a growth of 11.4% on a daily-selling-rate basis.
Among the top three automakers, General Motors Corp. (GM) said it sold 355,180 new cars and trucks in August, down 13% from 406,623 a year earlier amid tight inventories. Meanwhile, Ford Motor Co.'s (F) August sales rose 6.3% to 288,429 vehicles from 271,394 vehicles a year ago. DaimlerChrysler AG's (DCX) Chrysler Group U.S. sales rose 5% during the month to 206,352 vehicles from 196,018 vehicles a year earlier