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Toyota stated that its sales in the U.S. will outcome the market in August. The news is a result of a downward market because of the increasing gas cost and the unsteady housing market. Despite the slump, officials from Toyota are sure that the carmaker will continue to meet its previous goal in sales.
Automotive News says Toyota`s first decline in sales was seen in approximately three years, in July, falling with 3.5%. Anyway, the fall was better than the whole industry's slip with 8.7%. `July was a bit weak due to various factors including subprime loan problems and high oil prices` Katsuaki Watanabe, Toyota's President, told the reporters. Another slow month for Toyota is expected from analysts in August because of the tough comparisons a year ago from a significant rise. In the U.S., for the first seven months of the year, auto sales were down with 3.7%.
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