Edmunds.com
Toyota Gains After U.S. February Sales Fall Less Than Estimated
Toyota Gains After U.S. February Sales Fall Less Than Estimated
March 3 (Bloomberg) -- Toyota Motor Corp., the world’s biggest carmaker,DVD Ripper,Truck tarps rose the most in three weeks in Tokyo trading after its February U.S. sales fell less than analysts had estimated amid congressional scrutiny of the company.
Toyota climbed as much as 3.5 percent, the most since Feb. 9 and the third-biggest gain in the Nikkei 225 index. #xThe automaker sold 8.7 percent fewer vehicles than a year earlier, compared with increases of 29 percent for Nissan Motor Co., Truck tarps13 percent for Honda Motor Co. and 11 percent for Hyundai Motor Co.
The Toyota City, Japan-based company’ U.S. sales were expected to drop at least 10 percent by industry data provider Edmunds.com and 27 percent by pricing service TrueCar.com. Sales fell for a second month as Toyota worked to repair more than 8 million vehicles worldwide with defects linked to unintended acceleration.
“I thought Toyota would be off by double digits,” #xsaid Jack Nerad, an executive market analyst at Kelley Blue Book, an auto pricing and data service in Irvine, California. Truck tarps“It seems to indicate there’s still a lot of residual support for the company.”
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