Toyota Motor April Sales Rise 3.8%

Toyota Motor Corp TM said that its sales grew 3.8 percent in April to 211,125 units. According to the company, with one more selling day in April 2016 compared to April 2015, sales would have been flat on a daily selling rate (DSR) basis.

The Japanese auto firm said that Toyota Division posted April sales of 186,243 units, up 5.0 percent on a volume basis and 1.1 percent on a DSR basis. The company added that Lexus posted sales of 24,882 units, down 3.8 percent on basis of volume and 7.4 percent on the basis of DSR.

Toyota division group VP and GM, Bill Fay, said, "The industry had its strongest April in more than 10 years, possibly a best-ever month. Toyota division enjoyed its sixth consecutive month of best-ever light truck sales, helped by record Highlander, RAV4 and 4Runner sales."

Lexus group VP and GM, Jeff Bracken, said, "Not surprisingly, the industry's strong sales results in April are powered by consumer demand for luxury utility vehicles. On the heels of four consecutive best-ever sales months for Lexus' LUV and crossover models, we feel confident that our range of models, especially the RX and NX, are very well positioned to meet the shifting consumer demand in the luxury market."

The company said its highlights for April included, Camry posts sales of over 34,000 units; Corolla posts sales of 32,111 units; RAV4 sales rose 31.6 percent; a best-ever April.

On Tuesday, shares of the company traded 1.4 percent down.