Toyota’s 2023 US sales rise 6.6%

(Reuters) – Toyota Motor North America on Wednesday reported a 6.6% rise in annual U.S. auto sales, benefiting from strong demand for its affordable sedans and crossover SUVs.

The company, a unit of Toyota Motor Corp, sold 2.25 million vehicles in 2023, compared with about 2.1 million units a year earlier.

Sales of Toyota’s electrified vehicles rose nearly 31% from a year earlier, while the sales ratio of those to total vehicles was 29.2%, up from about 24% last year.

(Reporting by Nathan Gomes in Bengaluru; Editing by Devika Syamnath)