Toyota sales drop 4.3% in quarter

Toyota Motor Corp., the world’s second-largest automaker, reported a drop in quarterly sales for the first time in seven years as the financial crisis crippled global car demand.

Toyota sold about 2.2 million vehicles worldwide in the third quarter, down 4.3% from 2.3 million sold in the year-earlier quarter.

Its shares fell as much as 5% in morning trading in Tokyo.