Toyota's North America March Sales Plummet by More Than 30% Due to Coronavirus

Toyota (NYSE: TM) released its monthly North American sales figures for March on Wednesday, and they weren't pretty. The company sold just 135,730 vehicles during the month, a year-over-year decline of 36.9% on a volume basis and a 31.8% decline on a daily selling rate basis.

Other major automakers like General Motors (NYSE: GM) and Fiat Chrysler (NYSE: FCAU) released quarterly numbers but did not break out their March sales figures. Toyota's first quarter sales decline of 8.8% was roughly in line with the 7% decline in deliveries posted by GM and the 10.4% sales decline reported by Fiat. That seems to indicate that other automakers experienced a similar trend.

Image source: Getty Images.

Continue reading

Source Fool.com