Toyota reported a 2.2% global sales increase in August, totaling nearly 845,000 units. The US market saw the largest gains, with sales up 13.6% to 225,367 units. The RAV4 and Camry led the way, while China sales remained flat due to market challenges.
Ford, Kia, and Hyundai also saw sales boosts in August, with Ford’s US sales rising 3.9% to 190,206 vehicles sold. Kia and Hyundai reported double-digit sales increases, with Kia’s EV9 and Sportage SUVs leading the way. Despite tariffs, automakers are experiencing strong sales growth.
Major automakers like GM, Ford, and Tesla are set to report third-quarter deliveries, reflecting recent strong sales trends. The industry faces uncertainty with tariffs in effect and the impending end of the federal tax credit for EVs on September 30. The future of auto sales remains uncertain.
Read more at Yahoo Finance: Toyota global sales climb in August, powered by US growth despite Trump’s tariffs
