Toyota stumbles, but US auto sales Covid-19 recovery continues in July

  • The rebound in sales, though, could be threatened by surging cases in southern and southwestern US states, which have increased uncertainty over the US economic recovery.
Toyota's sales in US last month fell 19% versus the same month in 2019, to 169,484 units. (File photo) (REUTERS)
Toyota's sales in US last month fell 19% versus the same month in 2019, to 169,484 units. (File photo)

US new vehicle sales in July continued to show signs of recovery from the Covid-19 pandemic, as Toyota Motor Corp on Monday posted its lowest sales decline since the virus outbreak slammed the sector in mid-March.

The Japanese automaker said its sales in July fell 19% versus the same month in 2019, to 169,484 units. That was Toyota's best month since before the pandemic shuttered North American production for two months and led to closed showrooms across numerous US states.

Also check these Vehicles

Find more Cars
Toyota Glanza (HT Auto photo)
Engine Icon1197 cc FuelType IconMultiple
₹ 6.86 - 10 Lakhs
Compare
View Offers
Toyota Bz4x (HT Auto photo)
UPCOMING
BatteryCapacity Icon72.8 kWh Range Icon405 Km
₹ 70 Lakhs
Alert Me When Launched
Toyota Belta (HT Auto photo)
UPCOMING
Engine Icon1462 cc FuelType IconPetrol
₹ 10 Lakhs
Alert Me When Launched
Toyota Fortuner (HT Auto photo)
Engine Icon2755 cc FuelType IconMultiple
₹ 33.43 - 51.44 Lakhs
Compare
View Offers
Toyota Camry (HT Auto photo)
Engine Icon2487 cc FuelType IconMultiple
₹ 48 Lakhs*
Compare
View Offers
Toyota Vellfire (HT Auto photo)
Engine Icon2487 cc FuelType IconMultiple
₹ 1.22 - 1.32 Cr
Compare
View Offers

The rebound in US auto sales since hitting a bottom in April has seen major automakers scramble to ramp up production and boost weak inventories at dealerships, especially in states where they remained open throughout the shutdowns.

The rebound in sales, though, could be threatened by surging cases in southern and southwestern US states, which have increased uncertainty over the US economic recovery.

Hyundai Motor Co reported a year-on-year gain of 0.6% in US sales for July, selling 57,677 units.

"Achieving an overall sales increase despite the ongoing pandemic is a tremendous accomplishment and speaks to the depth and quality of our product lineup and resiliency of our dealers," Hyundai's North American sales chief, Randy Parker, said in a statement.

Also Read : Kia Seltos SUV emerges as carmaker’s second best-selling model across the world)

The seasonally adjusted annualised rate for light vehicles sold in July was estimated at 14.52 million units, according to Wards Intelligence.

General Motors last week said its ability to repay loans depended on a continued economic recovery and the assumption that US new vehicle sales would finish the year at around 14 million units.

First Published Date: 04 Aug 2020, 07:54 AM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.