Toyota Motor ( TM) said quarterly sales fell for the first time in seven years, according to a published report.

Toyota sold about 2.236 million vehicles worldwide in the quarter ended Sept. 30, down 4.3% from a year earlier, Bloomberg reports, citing an e-mail it received from the automaker.

Toyota's U.S. sales slumped 18% to 553,217 vehicles in the third quarter. Toyota has cut output of the Tundra pickup and Sequoia SUVs in the U.S. The carmaker also offered zero-interest-rate loans on 11 models including the Camry and Corolla models, according to Bloomberg.

In addition, sales declines in Europe and Japan overwhelmed growth in China, Bloomberg reports.

This article was written by a staff member of

If you liked this article you might like

Stocks Dad Would Have Loved, And Why He Was Right

Honda Investing $267 Million, Adding 300 Jobs in U.S. for New Accord Model

Here Are 7 Eco-Friendly Cars to be Featured at Frankfurt Auto Show

Here Comes Toyota's Flying Car to the 2020 Tokyo Olympics

BMW Just Unleashed Its Biggest-Ever Luxury SUV -- Here's the Secret Why