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While Tariffs Loom, Toyota and Lexus Crank up First-Half Sales
While Tariffs Loom, Toyota and Lexus Crank up First-Half Sales

Yahoo

time3 days ago

  • Automotive
  • Yahoo

While Tariffs Loom, Toyota and Lexus Crank up First-Half Sales

'We're producing a record number of vehicles,' said Toyota executive David Christ. The automaker sees strong potential for the redesigned 2026 RAV4 and electric bZ crossover to boost sales later in the year. Lexus exec Dejuan Ross said younger luxury buyers are not as patient as older ones, and that Lexus 'runs the risk of losing those buyers' if it can't supply them with vehicles. Despite tariff hassles, a continued so-so electric-vehicle market, and sales declines from other automakers, both Toyota and Lexus had a good first half of 2025 in the US, with new highs predicted for the rest of the year. Toyota Motor North America (TMNA) reported US sales of 666,469 Lexus and Toyota brand vehicles for the second quarter, up 7.2% versus the same period last year. 'We've had a really solid year so far,' said David Christ, group vice president and general manager of the Toyota division. 'Our June sales were over plan. Two out of three of the vehicles that hit dealer lots were turned around and sold that same month. We have a 12-day supply, with 76,000 units on the ground in retail stock.' Christ said dealer lots have an average of 62 parked vehicles, but not counting pickup trucks it's only 37. 'We're producing a record number of vehicles,' he said. The Toyota division results were strong on their own. For the second quarter, the brand moved 570,546 cars and trucks, up 7.1% compared to 2024 Q2. Sales for the electrified lineup of 32 hybrid, plug-in hybrid or EV nameplates for the Lexus and Toyota brands cranked up 29.7% (320,817 units) for the quarter—nearly half of all TMNA sales. Toyota's biggest problem, Christ said, was getting even more of the popular models built and delivered to dealers. Number one, by a wide margin, was Toyota's RAV4 (31,000 sold in June), 'which is just incredible,' he said. The automaker sees strong potential for the redesigned 2026 RAV4 and electric bZ crossover (the latter, shared with the Subaru Solterra, now with 314 miles of range) to boost sales later in the year. Dejuan Ross, group vice president and general manager of the Lexus division, described the first half of the year as very strong. 'We had the goal of 350,000 Lexus vehicles this year, building on the momentum of sales a bit north of 343,000 last year. But so far through June we are up 7% year-to-date, and are well on our way of exceeding 350,000 units.' Ross said every month except June ended with a single-digit days' supply of vehicles (and June was 11 days). This situation has led to waiting lists of as long as two years for certain models at some dealerships. In one of the few negative notes sounded during the call, he said younger luxury buyers are not as patient as older ones, and that Lexus 'runs the risk of losing those buyers' if it can't supply them with vehicles. Toyota execs didn't seem eager to talk about the effect of President Trump's tariffs. But in response to a question, Christ said that from late March into early May dealerships did see 'a lot of pull-forward business' with buyers trying to get ahead of anticipated tariff-related price hikes and the potential loss of the $7,500 federal EV tax credit. 'Consumers are struggling with high auto prices and interest rates, and affordability is the buzzword among dealers now,' he added. Recent modest price hikes were business as usual, not a specific response to the tariffs, Christ said. Toyota's RAV4 is now built for North America in both Kentucky and Ontario, Canada, which 'gives us different costs, depending on where the individual car is built,' Christ said. For cars coming from Japan, 'the tariff is actually 27.5%, 25% plus the 2.5% that was already in place. We just hope the tariffs come down to a manageable level.' The speakers said they hope the Trump administration and Japanese government get back to the bargaining table (negotiations are currently stalled), and work out a trade deal. Is Toyota well positioned for the tariff turmoil expected to hit the auto industry in the second half? Please comment below.

While Tariffs Loom, Toyota and Lexus Crank up First-Half Sales
While Tariffs Loom, Toyota and Lexus Crank up First-Half Sales

Yahoo

time3 days ago

  • Automotive
  • Yahoo

While Tariffs Loom, Toyota and Lexus Crank up First-Half Sales

'We're producing a record number of vehicles,' said Toyota executive David Christ. The automaker sees strong potential for the redesigned 2026 RAV4 and electric bZ crossover to boost sales later in the year. Lexus exec Dejuan Ross said younger luxury buyers are not as patient as older ones, and that Lexus 'runs the risk of losing those buyers' if it can't supply them with vehicles. Despite tariff hassles, a continued so-so electric-vehicle market, and sales declines from other automakers, both Toyota and Lexus had a good first half of 2025 in the US, with new highs predicted for the rest of the year. Toyota Motor North America (TMNA) reported US sales of 666,469 Lexus and Toyota brand vehicles for the second quarter, up 7.2% versus the same period last year. 'We've had a really solid year so far,' said David Christ, group vice president and general manager of the Toyota division. 'Our June sales were over plan. Two out of three of the vehicles that hit dealer lots were turned around and sold that same month. We have a 12-day supply, with 76,000 units on the ground in retail stock.' Christ said dealer lots have an average of 62 parked vehicles, but not counting pickup trucks it's only 37. 'We're producing a record number of vehicles,' he said. The Toyota division results were strong on their own. For the second quarter, the brand moved 570,546 cars and trucks, up 7.1% compared to 2024 Q2. Sales for the electrified lineup of 32 hybrid, plug-in hybrid or EV nameplates for the Lexus and Toyota brands cranked up 29.7% (320,817 units) for the quarter—nearly half of all TMNA sales. Toyota's biggest problem, Christ said, was getting even more of the popular models built and delivered to dealers. Number one, by a wide margin, was Toyota's RAV4 (31,000 sold in June), 'which is just incredible,' he said. The automaker sees strong potential for the redesigned 2026 RAV4 and electric bZ crossover (the latter, shared with the Subaru Solterra, now with 314 miles of range) to boost sales later in the year. Dejuan Ross, group vice president and general manager of the Lexus division, described the first half of the year as very strong. 'We had the goal of 350,000 Lexus vehicles this year, building on the momentum of sales a bit north of 343,000 last year. But so far through June we are up 7% year-to-date, and are well on our way of exceeding 350,000 units.' Ross said every month except June ended with a single-digit days' supply of vehicles (and June was 11 days). This situation has led to waiting lists of as long as two years for certain models at some dealerships. In one of the few negative notes sounded during the call, he said younger luxury buyers are not as patient as older ones, and that Lexus 'runs the risk of losing those buyers' if it can't supply them with vehicles. Toyota execs didn't seem eager to talk about the effect of President Trump's tariffs. But in response to a question, Christ said that from late March into early May dealerships did see 'a lot of pull-forward business' with buyers trying to get ahead of anticipated tariff-related price hikes and the potential loss of the $7,500 federal EV tax credit. 'Consumers are struggling with high auto prices and interest rates, and affordability is the buzzword among dealers now,' he added. Recent modest price hikes were business as usual, not a specific response to the tariffs, Christ said. Toyota's RAV4 is now built for North America in both Kentucky and Ontario, Canada, which 'gives us different costs, depending on where the individual car is built,' Christ said. For cars coming from Japan, 'the tariff is actually 27.5%, 25% plus the 2.5% that was already in place. We just hope the tariffs come down to a manageable level.' The speakers said they hope the Trump administration and Japanese government get back to the bargaining table (negotiations are currently stalled), and work out a trade deal. Is Toyota well positioned for the tariff turmoil expected to hit the auto industry in the second half? Please comment below.

Toyota Motor North America Reports June, Second Quarter 2025 U.S. Sales Results
Toyota Motor North America Reports June, Second Quarter 2025 U.S. Sales Results

Yahoo

time6 days ago

  • Automotive
  • Yahoo

Toyota Motor North America Reports June, Second Quarter 2025 U.S. Sales Results

Second quarter electrified Toyota and Lexus sales make up over 46 percent of total sales volume 32 electrified vehicle options available, the most among any automaker with more in showrooms throughout 2025 PLANO, Texas, July 1, 2025 /PRNewswire/ -- Toyota Motor North America (TMNA) today reported June 2025 U.S. sales of 193,248 vehicles, up 0.1 percent on a volume basis and up 8.4 percent on a daily selling rate (DSR) basis versus June 2024. Sales of electrified vehicles for the month totaled 90,426 up 6.7 percent on a volume basis and up 15.5 percent on a DSR basis representing 46.8 percent of total sales volume. For the second quarter, TMNA reported sales of 666,469 vehicles, up 7.2 percent on a volume basis and up 7.2 percent on a DSR basis versus the second quarter of 2024. Sales of electrified vehicles for the second quarter totaled 320,817 up 29.7 percent on a volume basis and up 29.7 percent on a DSR basis representing 48.1 percent of total sales volume. Toyota division posted June sales of 165,174 vehicles, up 0.2 percent on a volume basis and up 8.6 percent on a DSR basis. For the quarter, Toyota division reported sales of 570,546 vehicles, up 7.1 percent on a volume basis and up 7.1 percent on a DSR basis. Lexus division posted June sales of 28,074 vehicles, down 0.9 percent on a volume basis and up 7.3 percent on a DSR basis. For the quarter, Lexus division reported sales of 95,923 vehicles, up 8.1 percent on a volume basis and up 8.1 percent on a DSR basis. "Steady demand for our Toyota and Lexus brands resulted in strong sales throughout the second quarter," said Mark Templin, executive vice president and chief operating officer, TMNA. "Our lineup of 32 electrified vehicles was a big part of that draw as they represented over 46% of our sales in June." June and Second Quarter 2025 Highlights (volume basis unless otherwise noted) TMNA: June sales up 0.1 percent June electrified vehicle sales of 90,426, up 6.7 percent; represents 46.8 percent of total sales volume Second quarter sales up 7.2 percent Second quarter electrified vehicle sales of 320,817, up 29.7 percent; represents 48.1 percent of total sales volume 32 total electrified vehicles currently available in dealerships between both the Toyota and Lexus brands, the most among any automaker Lowest incentives among full-line manufacturers Toyota Division: June sales up 0.2 percent June electrified vehicle sales of 80,189, up 7.5 percent Second quarter sales up 7.1 percent Second quarter electrified vehicle sales of 285,793, up 32.7 percent Second quarter sales: Sienna up 73.9 percent Tacoma up 48.4 percent Camry up 10.6 percent GR Corolla up 17.4 percent Grand Highlander up 31.3 percent Lexus Division: June sales down 0.9 percent June electrified vehicle sales of 10,237, up 0.6 percent Second quarter sales up 8 .1 percent Second quarter electrified vehicle sales of 35,025, up 9.7 percent Second quarter sales: NX up 15.6 percent TX up 32.9 percent GX up 82.7 percent LX up 22.1 percent About ToyotaToyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. Toyota directly employs nearly 48,000 people in the U.S. who have contributed to the design, engineering, and assembly of more than 35 million cars and trucks at our 11 manufacturing plants. In 2025, Toyota's plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 32 electrified options. Through its Driving Possibilities initiative, the Toyota USA Foundation has committed to creating innovative educational programs within, and in partnership with, historically underserved communities near the company's U.S. operating sites. For more information about Toyota, visit Media contact:Ed TOYOTA U.S. SALES SUMMARY June 2025-- CURRENT MONTH -- -- CALENDAR YEAR TO DATE -- 2025 2024 DSR % VOL % 2025 2024 DSR % VOL % TOTAL TMNA 193,248 193,120 8.4 0.1 1,236,739 1,186,647 5.6 4.2 TOTAL TOYOTA DIV. 165,174 164,777 8.6 0.2 1,057,773 1,019,436 5.1 3.8 TOTAL LEXUS DIV. 28,074 28,343 7.3 -0.9 178,966 167,211 8.4 7 COROLLA 18,662 18,259 10.7 2.2 120,052 121,991 -0.3 -1.6 SUPRA 308 272 22.7 13.2 1,231 1,495 -16.6 -17.7 GR86 (INCL FR-S) 809 1,500 -41.6 -46.1 5,427 7,467 -26.4 -27.3 MIRAI 7 20 -62.1 -65.0 46 245 -81 -81.2 CROWN 922 1,493 -33.1 -38.2 5,054 14,032 -63.5 -64 PRIUS 3,684 13 3060 2823.9 33,845 15,373 123.1 120.2 CAMRY 25,335 24,552 11.8 3.2 155,330 155,242 1.4 0.1 TOTAL TOYOTA DIV. CAR 49,727 46,109 16.8 7.8 320,987 315,850 3 1.6 IS 1,310 1,561 -9.1 -16.1 9,858 10,149 -1.6 -2.9 RC 94 145 -29.8 -35.2 805 941 -13.3 -14.5 ES 3,089 3,546 -5.6 -12.9 19,181 19,558 -0.6 -1.9 LS 67 144 -49.6 -53.5 691 1,214 -42.3 -43.1 LC 65 135 -47.8 -51.9 790 966 -17.1 -18.2 TOTAL LEXUS DIV. CAR 4,625 5,531 -9.4 -16.4 31,325 32,828 -3.3 -4.6 TOTAL TMNA CAR 54,352 51,640 14.0 5.3 352,312 348,678 2.4 1 BZ4X 1,223 1,353 -2.1 -9.6 9,249 9,468 -1 -2.3 RAV4 36,810 41,736 -4.5 -11.8 239,451 248,295 -2.3 -3.6 COROLLA CROSS 7,595 8,705 -5.5 -12.8 51,324 45,167 15.1 13.6 CROWN SIGNIA 1,077 0 0 0 12,282 0 0 0 VENZA 3 4,133 -99.9 -99.9 692 21,527 -96.7 -96.8 HIGHLANDER 5,071 8,910 -38.3 -43.1 30,056 60,108 -49.3 -50 GRAND HIGHLANDER 11,577 6,542 91.7 77 65,419 55,382 19.7 18.1 4RUNNER 5,793 9,530 -34.1 -39.2 30,152 66,550 -54.0 -54.7 SEQUOIA 2,126 2,344 -1.7 -9.3 12,222 12,868 -3.8 -5.0 LAND CRUISER 2,885 2,064 51.4 39.8 27,336 3,461 700.2 689.8 TOTAL TOYOTA DIV. SUV SIENNA 8,345 5,419 66.8 54.0 52,762 32,868 62.6 60.5 TACOMA 21,508 14,929 56.1 44.1 130,873 69,437 91.0 88.5 TUNDRA 11,434 13,003 -4.7 -12.1 74,966 78,454 -3.2 -4.4 TOTAL TOYOTA DIV. PICKUP 32,942 27,932 27.8 17.9 205,839 147,891 41.0 39.2 TOTAL TOYOTA DIV. TRUCK 115,447 118,668 5.4 -2.7 736,786 703,586 6.1 4.7 UX 664 718 0.2 -7.5 5,001 5,372 -5.7 -6.9 NX 6,227 6,784 -0.6 -8.2 38,253 34,639 11.9 10.4 RZ 763 1,190 -30.5 -35.9 3,779 5,639 -32.1 -33.0 RX 8,108 9,576 -8.3 -15.3 52,888 54,955 -2.5 -3.8 TX 4,729 2,357 117.4 100.6 25,147 21,322 19.5 17.9 GX 2,428 1,668 57.7 45.6 18,893 9,141 109.4 106.7 LX 530 519 10.6 2.1 3,680 3,315 12.5 11.0 TOTAL LEXUS DIV. TRUCK 23,449 22,812 11.4 2.8 147,641 134,383 11.3 9.9 TOTAL TMNA TRUCK 138,896 141,480 6.4 -1.8 884,427 837,969 6.9 5.5 Selling Days 24 26 152 154 DSR = Daily Selling RateTOYOTA U.S. ELECTRIFIED VEHICLE SALES SUMMARY June 2025-- CURRENT MONTH ---- CALENDAR YEAR TO DATE -- 2025 2024 DSR % VOL% 2025 2024 DSR % VOL% TOYOTA PRIUS HYBRID 2,421 6 43,613.0 40,250.0 26,221 10,755 147.0 143.8 TOYOTA PRIUS PLUG-IN HYBRID 1,263 7 19,446.0 17,943.0 7,624 4,618 67.3 65.1 TOYOTA COROLLA HYBRID 3,288 3,712 -4 -11.4 27,554 27,907 0 -1.3 TOYOTA CAMRY HYBRID 25,333 23,693 15.8 6.9 155,289 51,074 208.0 204.0 TOYOTA MIRAI 7 20 -62.1 -65.0 46 245 -81.0 -81.2 TOYOTA CROWN 922 1,493 -33.1 -38.2 5,054 14,032 -63.5 -64.0 TOYOTA SIENNA HYBRID 8,344 5,417 66.9 54.0 52,755 32,858 62.7 60.6 TOYOTA 4RUNNER HYBRID 1,649 0 0 0 5,651 0 0 0 TOYOTA HIGHLANDER HYBRID 2,032 1,426 54.4 42.5 15,378 10,992 41.7 39.9 TOYOTA GRAND HIGHLANDER HYBRID 5,431 2,149 173.8 152.7 31,481 20,569 55.1 53.1 TOYOTA SEQUOIA HYBRID 2,126 2,344 -1.7 -9.3 12,222 12,867 -3.8 -5.0 TOYOTA LAND CRUISER HYBRID 2,885 2,064 51.4 39.8 27,336 3,461 700.2 689.8 TOYOTA BZ4X BEV 1,223 1,353 -2.1 -9.6 9,249 9,468 -1.0 -2.3 TOYOTA RAV4 HYBRID 14,565 16,445 -4.1 -11.4 95,813 111,526 -13.0 -14.1 TOYOTA RAV4 PLUG-IN HYBRID 633 2,883 -76.2 -78.0 11,357 17,074 -32.6 -33.5 TOYOTA COROLLA CROSS HYBRID 1,922 3,105 -32.9 -38.1 17,992 17,129 6.4 5.0 TOYOTA CROWN SIGNIA 1,077 0 0 0 12,282 0 0 0 TOYOTA VENZA HYBRID 3 4,133 -99.9 -99.9 692 21,527 -96.7 -96.8 TOYOTA TACOMA HYBRID 2,573 212 1215 1114 14,282 217 6568 6482 TOYOTA TUNDRA HYBRID 2,492 4,147 -34.9 -39.9 13,430 26,867 -49.4 -50 LEXUS ES HYBRID 1,629 1,465 20.5 11.2 8,509 7,629 13 11.5 LEXUS UX HYBRID 664 718 0.2 -7.5 5,001 5,372 -5.7 -6.9 LEXUS LX HYBRID 243 0 0 0 1158 0 0 0 LEXUS NX HYBRID 2,668 2,317 24.7 15.1 15,450 13,172 18.8 17.3 LEXUS NX PLUG-IN HYBRID 380 660 -37.6 -42.4 4,230 3,135 36.7 34.9 LEXUS RZ BEV 763 1,190 -30.5 -35.9 3,779 5,639 -32.1 -33.0 LEXUS RX HYBRID 2,452 3,213 -17.3 -23.7 21,507 20,287 7.4 6.0 LEXUS RX PLUG-IN HYBRID 323 132 165.1 144.7 3,449 1,784 95.9 93.3 LEXUS TX HYBRID 1028 431 158.4 138.5 4,364 3,546 24.7 23.1 LEXUS TX PLUG-IN HYBRID 85 42 119.2 102.4 427 380 13.8 12.4 LEXUS LS HYBRID 1 3 -63.9 -66.7 24 57 -57.3 -57.9 LEXUS LC HYBRID 1 1 8.3 0 7 8 -11.3 -12.5 TOTAL TMNA Electrified Vehicles 90,426 84,781 15.5 6.7 609,614 454,197 36.0 34.2 TOTAL TOYOTA Electrified Vehicles 80,189 74,609 16.4 7.5 541,709 393,188 39.6 37.8 TOTAL LEXUS Electrified Vehicles 10,237 10,172 9 0.6 67,905 61,009 12.8 11.3 TOTAL TMNA SALES RATIO 46.8 % 43.9 % 49.3 % 38.3 % Selling Days 24 26 152 154 View original content to download multimedia: SOURCE Toyota Motor North America Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

New, 8th-Gen Toyota Celica In Development, and It Might Get an Engine
New, 8th-Gen Toyota Celica In Development, and It Might Get an Engine

Motor Trend

time30-05-2025

  • Automotive
  • Motor Trend

New, 8th-Gen Toyota Celica In Development, and It Might Get an Engine

The renderings of a revived Toyota Celica sprinkled across the internet don't have the coupe's look quite right, according to Toyota executives. But they're not denying that work continues on a new vehicle that would bring back the storied Celica name. If you're scratching your head, it's because you might not have been born when Toyota last offered a sporty two-door Celica coupe, which went out of production in 2006 at the end of the seventh-generation model's run (pictured at top). 0:00 / 0:00 'Bottom line is we are working on a product that could theoretically go by the Celica name If we can figure out how to pull it off and it gets approved,' says Toyota senior vice president of Product Planning and Strategy for Toyota North America Cooper Ericksen. But all the AI renderings to date are wrong and fake, he added in an interview with MotorTrend. What is not fake is that development continues on a would-be Celica. Prototypes and ideas have been shown to dealers. Mules are running around testing powertrains. Last November an executive in Japan, at a fan event at Rally Japan, told the crowd Toyota was making the Celica. But the North American executives have not been told that officially. And it is possible that a new Celica has been approved for sale in Japan first. Celica Name Has Cache 'We'll see if it gets finally approved,' said David Christ, general manager of the Toyota Division for TMNA. 'Obviously the brand name has a lot of good history in the U.S. We'd love to have more offerings that are fun to drive.' 'People are talking about it,' Ericksen says. 'It's a pretty advanced development.' Toyota has development prototypes running around, testing future powertrains for GR products and yes, there is a running mule for a future Celica. Asked if the Celica would have some degree of electrification—after all, Honda's revived Prelude coupe, a natural competitor for a new Celica, is a hybrid—the product planner said Toyota has unique powertrains for many different purposes. 'Akio [Toyoda, chairman of Toyota Motor Corp.] has said when it comes to specialized GR performance products, it is very difficult to replicate that emotional driving feel out on track with something other than traditional ICE (internal combustion engine). So, while there could be a motor in a future Celica, 'I'm not closing the door to a vehicle that is ultra lightweight, that has a super advanced system but is still a traditional ICE. It could be something that does not have an electric drive.' Ericksen does not know when we will see the Celica, in part because it is a global product and is not being developed in North America. 'It's a big wait and see. I'm just hopeful that we can get something.' So are we. It'd be yet another push in a sporty new direction for Toyota, which has been steadily upping the dynamic game of its mainstream Camry sedan while bringing out hot stuff like the turbocharged, all-wheel-drive GR Corolla hatchback, keeping the GR86 sports car alive, and hinting that there will be a next-generation Supra.

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