TMNA Reports Double-Digit Q3 Sales Gains
Toyota Motor North America has 12% increase.

Toyota and Lexus now offer 26 electrified vehicle options to customers.
IMAGE: Pixabay
Toyota Motor North America reported double-digital gains in U.S. sales in the third quarter, according to the automaker’s most recent earnings report.
It had U.S. sales of 590,296 vehicles, up 12.2% on volume and10.8% on daily selling rate. The automaker reported a total of 184,666 electrified vehicle sales, comprising 31% of total year-to-date sales.
“With introducing several electrified vehicles including the all-new Toyota Grand Highlander hybrid, Toyota Corolla Cross hybrid, Toyota Prius, and the Lexus RX plug-in hybrid, customers now have 26 Toyota and Lexus electrified vehicle options to choose from, the most among any automaker,” said Jack Hollis, executive vice president, sales, in a press release on the results. “We expect continued strong sales momentum as we close out 2023 as dealer stock improves and key new products like the fourth generation Toyota Tacoma and Lexus TX and TX hybrid hit showroom floors.”
TMNA reported September gains contributed to the positive quarterly results, with U.S. sales of 203,904 vehicles, up 14% on volume and 9.5% on DSR year-over-year. Electrified-vehicle sales reached 64,298, accounting for 31.5% of total sales.
Toyota division's quarterly sales totaled 515,400, up 12.4% on volume and 11% on DSR.
The Lexus division told the same quarterly story, according to the earnings report. In the third quarter, its sales were at 74,896, up 11% by volume and 9.5% by DSR.
Originally posted on Auto Dealer Today
More Showroom

Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
California Hybrids Reach State Record
The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.
Read More →
My Mercedes in the U.S.
The German brand debuted its studio dealership concept for the first time in the states in Los Angeles, tapping Americans’ penchant for creative distinctions.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
California Launches EV Rebate Program
Participating automakers are matching the state's $13.5 million investment in new electric-vehicle rebates scheduled to take effect later this summer.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
The Trade-In Paradox
Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers as they aim to meet used-unit hunger.
Read More →
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →