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The company said it sold 2,108,458 vehicles in 2022, down from 2,332,262 vehicles in 2021.
Toyota, which dethroned General Motors Co (NYSE:GM) in 2021 as the top U.S. automaker, struggled to navigate through supply chain disruptions which forced it to cut its full-year production target in November.
Still, strong demand for its Corolla and Camry models helped the automaker post an increase of about 3.5% in its U.S. new vehicle sales for December.