Shares of Toyota Motor Corp (ADR) (NYSE:TM) ended Friday session in green amid volatile trading. The shares closed up +1.06 points or 0.88% at $122.08 with 314,392 shares getting traded. Post opening the session at $121.52, the shares hit an intraday low of $121.52 and an intraday high of $122.09 and the price vacillated in this range throughout the day. The company has a market cap of $204.39 billion and the numbers of outstanding shares have been calculated to be 3.04 billion shares.
Toyota Motor Corp (ADR) (TM) on September 1, 2016 reported August 2016 sales of 213,125 units, a decrease of 5 percent from August 2015 on a volume basis. With the same amount of selling days in August 2016 compared to August 2015, sales were down 5 percent on a daily selling rate (DSR) basis.
Toyota division posted August sales of 182,187 units, down 4.6 percent on a volume basis and DSR basis.
“Coming off the strongest SAAR of the year at 17.9M units in July, the industry took a bit of a step back in August,” said Bill Fay, group vice president and general manager, Toyota division. “RAV4, 4Runner and Highlander all recorded strong year-over-year growth for the month, keeping Toyota Division light truck sales on track for another record year.”
Lexus posted August sales of 30,938 units, down 7.6 percent on a volume basis and DSR basis.
“Lexus luxury utility vehicle sales reached new heights in August, with a record NX sales month helping lead our brand to its best-ever year-to-date sales performance for our LUV lineup,” said Jeff Bracken, Lexus division group vice president and general manager. “With improving supply on our LUV’s for the remainder of the year, we are looking for a strong close to 2016.”
Shares of VOXX International Corp (NASDAQ:VOXX) ended Friday session in red amid volatile trading. The shares closed down -0.01 points or -0.33% at $3.05. Post opening the session at $3.07, the shares hit an intraday low of $3.01 and an intraday high of $3.13 and the price vacillated in this range throughout the day. The company has a market cap of $73.69 million and the numbers of outstanding shares have been calculated to be 21.90 million shares.
On Aug. 22, 2016 VOXX Advanced Solutions (VAS), a wholly-owned subsidiary of VOXX International Corporation (VOXX), announced the Company has entered into a strategic partnership with Striiv whereby VOXX Accessories Corporation and VOXX German Holdings exclusively distribute the Striiv line of wearable fitness and activity trackers in North America and Europe. This announcement provides VOXX with the opportunity to gain entrée into the Wearable Technology space, estimated to be worth $34 billion by 2020*. Expansion into this category builds on the Company’s strategy to partner with technology leaders in areas that provide strong growth potential through its existing distribution channels, as well as opportunities to penetrate new channels and markets.
“We are very excited at the opportunity to enter into this rapidly growing category with Striiv. Partnering with Striiv brings together their advanced technology with our well-established distribution networks, experienced sales teams and logistics efficiencies developed over many years. Together, we can capitalize on our combined strengths to fully develop the retail channel and capture a share of this dynamic market,” said Tom Malone, President of VOXX Advanced Solutions Corporation. “We share Striiv’s vision and commitment to bring health and fitness devices to consumers at retail, but we also see this market as having an even greater growth potential within the corporate wellness and healthcare fields nationwide.”