Toyota's May Car Sales Surge 73%

  on June 01 2012 11:30 AM

Toyota Motor Corporation (NYSE: TM) enjoyed bumper sales in May,  which the company said rose 72.9 percent in a preview announcement Friday morning.

Toyota sold 202,973 cars in May, a 72.9 percent increase on a selling day adjusted basis and an 87.3 percent gain on a raw volume basis. Toyota City-based Toyota's sales likely look particularly strong in light of the difficulties the company faced last year as a result of the Japanese tsunami and floods in Thailand that disrupted production and supply chains for Japan's largest automaker.

Toyota Motor Corporation (NYSE: TM) shares fell 2.07 percent to $75.30 Friday morning.

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