TOYOTA: Fifth-straight gain but Lexus lags
DALLAS -- Toyota Motor North America notched its fifth straight monthly U.S. sales increase last month with a 1.1 percent gain over October of last year, thanks to brisk light-truck deliveries. But Lexus sedan sales slid and its crossovers couldn't make up the difference.
Brands: Toyota, including Scion, up 2.5%, Lexus down 7.7%.
Notable nameplates: Toyota Camry down 11%, Toyota RAV4 up 29%, Toyota Tacoma down 0.4%, Lexus GS down 60%, Lexus NX up 6.2%, Lexus RX up 4.1%.
Incentives: $2,684 per vehicle, up 11% from a year earlier, according to ALG.
Average transaction price: $31,707, up 0.4% from a year earlier, according to ALG.
U.S. market share: 13.9% last month vs. 13.6% in Oct. 2016; 14.2% year to date vs. 13.9% through Oct. 2016.
Quote: "In what seems to be a recurring story, Toyota trucks shot up in sales while cars tanked in October, especially for Lexus," said Akshay Anand, executive analyst for Kelley Blue Book. "The new Camry should stem some of the car bleeding, but as we all know by now, it’s a whole new ballgame in the sales world. Perhaps the most promising news is RAV4 continuing to sell like gangbusters. In fact, it has a shot to be the best-selling, non-pickup among light trucks in 2017."
Did you know? Toyota Motor's 12% slide in car sales through October has been offset by the 12% rise in light-truck sales, so overall sales through the first 10 months are nearly flat (up 0.6%) compared with last year at 2.02 million vehicles.
http://www.autonews.com/article/2017110 ... /171109977