Toyota Sees Slower U.S. Sales in April on Fleet Cutback
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Toyota Motor Corp., which led first-quarter U.S. gains among large overseas carmakers, expects little growth for its namesake brand in April after trimming fleet sales, said U.S. Group Vice President Bill Fay.
Combined sales of Toyota, Lexus and Scion cars and trucks grew 8.7 percent this year through March, compared with a year ago. Sales of Toyotas to car-rental companies and businesses were about 14 percent of the brand’s U.S. volume in March, according to data from Urban Science, an industry consulting firm in Detroit.