Toyota Sales Hit By China Protests

Toyota Motor Corporation (NYSE:TM)’s China sales dropped 40% last month due to anti-Japan sentiment.

Toyota Sales Hit By China Protests

The Japanese automaker Toyota Motor Corporation (NYSE:TM)’s sales in China fell around 40% in September from a year earlier, due to the anti-Japan protests in the country.

The company sold only 50,000 vehicles last month, as opposed to selling 86,000 vehicles in September 2011.

Toyota Motor Corporation (NYSE:TM) was not ready to confirm the number as it will announce its September Chinese results on Tuesday.

A company executive said that the company started to regain its market in China by the end of the month.

Toyota Motor Company (NYSE:TM) shares were at 78.98 at the end of the last day’s trading. There’s been a -4.7% movement in the stock price over the past 3 months.

Toyota Motor Company (NYSE:TM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 3 out of 12 in the industry