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Toyota sales slide 3.2%

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Toyota sales slide 3.2%

BY GREG GARDNER

FREE PRESS BUSINESS WRITER

Editor's note: A previous version of this article incorrectly reported the percentage decrease in sales. This version is correct.

In contrast to most competitors, Toyota’s sales fell 3.2% in July from a year earlier, partly because it capitalized last July on the cash-for-clunkers program.

Sales of Toyota’s smaller models – Yaris, Corolla and even the iconic Prius hybrid dropped. A year ago all three were among the most popular choices by consumers trading in old vehicles under cash for clunkers.

In a trend that resembles the Detroit Three during the period before the economic downturn, Toyota’s truck sales rose 11% while passenger car sales declined 11%.

Tundra pickup sales jumped 46% to 9,201 in July. Sales of SUVs such as the FJ Cruiser and 4Runner more than tripled.

link:

http://www.freep.com/article/20100803/BUSINESS01/100803044/1014/Toyota-sales-slide-3.2

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