Toyota Motor, the world’s second-largest automaker, reported a drop in quarterly sales for the first time in seven years after higher fuel costs and the financial crisis crippled auto demand in the US.
TOKYO — Toyota Motor Corp. is feeling a big bite from the imploding U.S. auto market. Global sales slumped 4 percent in the July-September quarter and have barely pulled into positive territory for the first nine months of the year, the company said Oct. 24. The three-month downturn marked the first time in seven years the Japanese carmaker’s global sales have fallen on a quarterly basis.
Toyota sold about 2.236 million vehicles worldwide in the three months ended September 30, down 4.3 percent from 2.336 million a year earlier, according to an e-mail from the company.
General Motors, the world’s largest carmaker, will release its third-quarter sales figure on October 29.
Toyota fell 6.4 percent to 3,200 yen at the 3 p.m. close on the Tokyo Stock Exchange.
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