Toyota June US Car Sales Bounce Back 60 Percent

By Benjamin Reeves | July 03 2012 11:39 AM

Toyota Motor Corp. (NYSE: TM) reported June U.S. sales rose 60.3 percent compared to the year before, the company said Tuesday.

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The exceptional growth in year-over-year sales likely reflects the company's continued recovery from supply-chain, manufacturing and inventory disruptions caused by last year's Japanese earthquake and Tsunami and floods in Thailand. The company will report details sales figures at 1:30 p.m. EDT.

Toyota shares rose 79 cents to $80.97 Tuesday morning.

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