Toyota to Honda U.S. Deliveries Decline Amid Short Month
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Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan’s Big Three carmakers, all reported U.S. sales declines in September with tight supplies of some models after August’s surge and fewer weekend selling days.
Toyota, the world’s largest automaker, posted a 4.3 percent decrease last month, and Nissan’s sales fell 5.5 percent, bigger declines than analysts expected. Honda, most reliant on the U.S. among Japan’s automakers, had a 9.9 percent sales drop that topped analysts’ estimates. Only Fuji Heavy Industries Ltd.’s Subaru among Asian auto brands expanded sales, reporting a 15 percent increase for September compared with a year earlier.