Toyota stock bounces off 2-year low after reporting a rise in September deliveries in North America

The U.S.-listed shares of Toyota Motor Corp. TM, +4.07% 7203, +3.22% bounced 4.0% off a two-year low in morning trading Monday, after the Japan-based automaker’s North America business (TMNA) said September sales jumped 17.1% to 179,050 vehicles. The September sales total included 35,419 electric vehicles (EVs), or about 20% of total sales. Within the company’s Toyota division, car sales were up 33.9%, sport-utility vehicle (SUV) sales were up 19.3% and truck sales increased 15.5%. For Lexus, sales for cars grew 14.1% and EV sales rose 10.8%. For the third quarter, U.S. sales fell 7.1% to 526,017 vehicles, including 111,713 EVs. The stock, which had closed Friday at the lowest price since Oct. 28, 2020, has shed 12.9% over the past three months while the S&P 500 SPX, +2.59% has lost 4.4%.