The U.S.-listed shares of Toyota Motor Corp. TM, +0.89% 7203, 0.58% rose 0.8% in morning trading Wednesday, said U.S. sales in June rose 14.9% from a year ago.
The Japan-based automaker’s North America division (TMNA) reported it sold 195,448 vehicles in the U.S. in June, on a volume and daily-selling rate (DSR) versus June 2022, as Toyota-brand sales rose 1.4% to 168,680 vehicles and Lexus-brand sales jumped 18.1% to 26,768 vehicles. Sales of electrified vehicles total 51,535, or 26.4% of total monthly sales. For the first half of 2023, U.S. sales fell 0.7% to 1,038,520 vehicles, with electrified vehicle sales representing 26.0% of total year-to-date sales. Toyota’s stock has climbed 15.1% over the past three months, while the shares of rival Ford Motor Co. F, +0.72% have rallied 23.9% and of General Motors Co. GM, +1.18% gained 12.1%. The S&P 500 SPX, -0.20% has tacked on 8.9% the past three months.