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Toyota's US sales set to skid for fourth straight year

Japanese automaker plans 31 new models to expand market share

Toyota Motor's Jim Lentz spoke with reporters Jan. 15 at the North American International Auto Show in the U.S. city of Detroit. (Photo by Takeshi Shiraishi)

DETROIT, U.S. -- Toyota Motor sees its U.S. sales sliding for a fourth straight year in 2019 as climbing interest rates for auto loans slow overall car sales in the country.

The company expects sales to drop 2.3% to 2.37 million units, said Jim Lentz, CEO of Toyota Motor North America. The automaker intends to introduce more new models in the U.S. as it fights for a greater share of the shrinking market.

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