Saturday, August 18, 2012

Toyota: Do January Sales Show Recall Effect? Some Models Fine While Others’ Sales Plunged

As mentioned a moment ago, Toyota Motor (TM) said sales of its vehicles in the U.S. fell 9% in January from the prior year, and the company offered its sales chart to track the actual changes in vehicles.

Of the 8 different modelscovered by the recall – RAV4, Corolla, Matrix, Avalon, Camry, Highlander, Tundra, and Sequoia — the change in sales in the month is widely varied, suggesting there’s no immediate evidence of the recall, which came late in the month.

Corolla sales were down 3.6%, for example, and RAV4 SUVs were up 6.4% for the month, while the Sequoia SUV’s sales fell 56% year over year.

Toyota shares have steepened their decline following the results, with shares now down $3.06, or 4%, at $76.88.

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