Toyota Reports May Sales drop 9.6%, SUVs Still Strong

In what appears to be an industry-wide trend, Toyota joined the group of car makers reporting lower May sales.

The numbers show that for May, Toyota U.S.A. sold 219,339 units, a decrease of 9.6 percent from May 2015 on a volume basis. With two fewer selling days in May 2016 compared to May 2015, sales were down 2.0 percent on a daily selling rate (DSR) basis.

“Industry sales remain steady in May with the shift toward light trucks and SUVs continuing,” said Bill Fay, Toyota division group vice president and general manager. “Mirroring that trend, Toyota division SUVs had a best-ever month, led by RAV4, Highlander and 4Runner.”

Lexus posted sales of 26,682 units, down 10.1 percent on a volume basis, and 2.6 percent on a DSR basis.

Category: General Update