Toyota, Fiat Chrysler U.S. sales fall in April
Reuters
Published May 01, 2019 10:11AM ET
Toyota, Fiat Chrysler U.S. sales fall in April
(Reuters) - Toyota Motor Corp on Wednesday reported a 4.4 percent fall in U.S. sales in April, hurt by slack demand for its sedans, including Corolla and Prius.
The Japanese carmaker said it sold 162,506 vehicles in April, compared with 170,706 units a year earlier.
Major automakers reported a weak U.S. new vehicle sales in the first quarter, citing a rough start to the year, but are bullish that a robust economy and strong labor market would encourage consumers to buy more vehicles rest of the year.
Smaller rival Fiat Chrysler Automobiles NV too reported a 6 percent fall in sales in the United States, hurt by lower demand for its Jeep SUV brand and Dodge sedans.
"The industry may be shaking off the first quarter sluggishness, but shoppers are coming into showrooms and buying," FCA's U.S Head of Sales Reid Bigland said. The No. 4 automaker in the U.S. said it sold 172,900 vehicles in April, compared with 184,149 units a year earlier.
Overall Jeep brand sales fell 8 percent to 76,325 vehicles in April.
Fiat Chrysler said it would switch to reporting sales on a quarterly basis starting October, joining bigger rivals General Motors Co (NYSE:GM) and Ford Motor (NYSE:F) Co.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.