Sales Up at Toyota, Including Hybrids
At Toyota , U.S. sales rose 7.7% in March, to 242,675 vehicles. The increase fell slightly below analysts' estimates.
Car sales jumped 15.1% for Toyota, while light truck sales dropped 1%.
In all, Toyota sold 242,675 light vehicles in the U.S., including 140,009 cars and 102,666 trucks. So far this year, Toyota has sold 61,635 hybrids in the U.S., up 68% on an unadjusted basis from the first three months of last year. That includes 28,453 hybrids last month.
"This month marks a milestone eight years in the making," Jim Lentz, executive vice president of Toyota's U.S. division, said in a statement. "Record U.S. sales of Toyota and Lexus hybrids have now topped the half-million mark."
Toyota's sales include the Toyota and Lexus brands.
The numbers Tuesday come as the domestic automakers have seen Asian rivals led by Toyota capture a growing share of the U.S. market. But despite its decline, Ford still held off Toyota for the No. 2 U.S. sales spot for the month.
Also reporting positive sales news was Honda Motor, which said U.S. sales rose 7.% in March. The Japanese automaker said it sold 143,392 vehicles in the U.S. during the month, compared with 128,806 vehicles a year earlier.