Whereas U.S. automakers are more and more pulling the plug on conventional passenger vehicles as they shift to vans and SUVs, Toyota pledges to maintain making hatchbacks, sedans and sports activities vehicles.
Toyota USA CEO Jim Lentz believes U.S. passenger automobile gross sales have practically bottomed out at slightly below 30 p.c of total auto gross sales final month. The manager says the corporate will proceed constructing them regardless of the spectacular development of truck and SUV gross sales.
Current on the Detroit Financial Membership on Wednesday, Lentz argued that American customers are nonetheless shopping for greater than four million compact, midsize and near-luxury vehicles every year. “There’s no approach I’m going to stroll away from that. We’re all the time going to have a bias towards passenger vehicles,” Related Press stories.
Nonetheless, Lentz acknowledged that U.S. new automobile gross sales in 2018 will doubtless fall under 2010 ranges. “There’s a melancholy on the passenger automobile aspect,” he mentioned. U.S. automobile gross sales are anticipated to finish 2018 with a deficit of 800,000 items over 2017, whereas truck and SUV gross sales ought to rise by the identical quantity.
Toyota bought 12 p.c fewer passenger vehicles within the first 10 months of the 12 months in the US, whereas its truck and SUV gross sales elevated by eight p.c.
Regardless of the present unfavorable market circumstances and strikes from U.S. carmakers, Toyota will keep out there. The Japanese automaker presently has an array of hatchbacks and sedans on sale in the US.
These embody the full-size Avalon, mid-size Camry, compact Corolla, Yaris supermini, Sienna minivan, Prius hybrid household, Mirai fuel-cell sedan, and the 86 sports activities automobile. The lineup will develop subsequent 12 months with the arrival of the all-new Supra sports activities automobile.
Be aware: 2019 Toyota Avalon and 2020 Toyota Corolla pictured