Toyota (NYSE: TM) has finally started its US sales comeback, after over a year of shocking volume drops due mostly to the Japanese earthquake and low supplies of parts.
The sales levels of many other large manufacturers fell in April. But, the largest Japanese car company posted an improvement of 11.6% and added market share. There has been pent up demand for some of Toyota’s most sought-after products, particularly the Prius which remains the world’s most popular hybrid.
As a footnote, Chrysler continued its unexpected return from the dead. The company, which was in Chapter 11 and is now controlled by troubled Italian manufacturer Fiat, posted a 20% increase in sales for April
Douglas A. McIntyre
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.