Cars and Drivers

Toyota Camry Holds Top Car Spot With 13.4% Sales Increase

Toyota Motor Corp.’s (NYSE: TM) Camry held onto the spot as the top-selling car in America by besting competition again in June. Camry sales rose 13.4% to 40,664 and were 7.2% higher for the year to date at 225,400.

In a market that continues to be ruled by pickups, Camry has nearly caught the number two pickup in the market, General Motors Co.’s (NYSE: GM) Chevy Silverado. The pickup’s sales are in trouble. They were higher by only 0.6% to 43,519 in June, and they have actually fallen by 0.8% this year to 240,679. The sluggish activity has not only allowed the Camry to gain on it, Silverado sales have fallen well behind those of market leader, the Ford Motor Co. (NYSE F) F-Series, which has sold 365,825 units in the first six months.

Toyota has been clever in its management of the Camry name plate. The lowest end version has a base price of $22,425. However, the Camry Hybrid with most of the accessories Toyota offers can reach over $35,000. The high-end model has a larger engine. In addition, Toyota has added some of the most recent technology available on new cars, including “blind spot monitoring” and relatively expensive navigation and sound systems.

The Camry almost certainly will not have its top position challenged this year. Four models from other car companies have posted sales just below 200,000 — the Honda Motor Co. Ltd. (NYSE: HMC) Accord, Honda Civic, Ford Fusion and Nissan Altima. Among those, only one matched the Accord’s June sales — the Fusion. But the Ford model has only sold 165,498 units this year.

ALSO READ: Audi Replaces BMW as World’s Top-Selling Premium Car

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.