The Japanese automaker said first-quarter sales fell 8.8% to 469,558 vehicles, compared with 514,592 vehicles a year earlier.
(Reporting by Kannaki Deka in Bengaluru; Editing by Krishna Chandra Eluri)
April 3 (Reuters) - Toyota Motor Corp reported
a drop in quarterly U.S. auto sales on Monday, as it struggled
to get enough cars and trucks to dealers due to inflationary
pressures and chip shortages.
"We continue to make improvements to our vehicle inventory
to satisfy customer demand, while doing all we can to exceed
expectations as we introduce more electrified vehicles
throughout the balance of 2023," said Jack Hollis, executive
vice president of sales, Toyota Motors North America.
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