Lexus, Mazda win KBB 5-Year Cost To Own Awards

Lexus, Mazda win KBB 5-Year Cost To Own Awards

February 5, 2014 by · Leave a Comment 

Filed under: Car Buying , Chevrolet , GM , Lexus , Mazda , Toyota We focus a lot on what new cars are like to drive, but it’s difficult on a one-week loan to really get a sense of what a car is like to live with. Sure, we try to recreate that sense with our long-term vehicles, but even after a year, it’s impossible to know fully learn about a car, particularly in terms of reliability and cost of repairs. For 2014 model year vehicles, Kelley Blue Book has put together a list of the most affordable vehicles over a five-year period. At the tippy top of the list are Mazda and Lexus , with the Zoom-Zoom automaker winning the award for best non-luxury brand. Lexus, meanwhile, was the most affordable luxury marque over a five-year period. It’s interesting to note, though, that not a single Mazda won its segment in this year’s awards. General Motors did quite well, taking eight segments, including both the subcompact and plug-in segments, with the gas-powered Chevrolet Spark and Spark EV . The Chevy Camaro SS and ZL1 took the high-performance car award. Toyota was well represented, with five winners split between the main brand ( Corolla , Prius C and Tacoma ) and Lexus ( LS and RX ). KBB’s five-year cost-to-own analysis takes into account depreciation and fuel costs (the two biggest hits to a driver’s wallet), as well as finance and insurance costs, as well as repairs, maintenance and state fees that come with a new model.

Toyota mulling more Tundra, Tacoma capacity in TX

Toyota mulling more Tundra, Tacoma capacity in TX

December 17, 2013 by · Leave a Comment 

Filed under: Truck , Plants/Manufacturing , Toyota , Off-Road Toyota may be expanding its pickup truck production at its San Antonio, TX factory following calls from dealers for more Tacoma and Tundra models, according to a new report from Automotive News . The San Antonio plant is currently able to produce 250,000 trucks on two shifts with overtime, while a secondary facility in Tijuana, Mexico can build an extra 50,000 Tacomas. Despite this capacity, and the fact that Tundra is a slow seller relative to the full-size trucks from Ford , Ram and Chevrolet / GMC (not to mention the Tacoma being part of a segment with diminishing sales), Toyota franchisees apparently can’t get enough of the trucks. “Dealers are telling us they could sell more Tacomas and Tundras,” said Bill Fay , the general manager of the Toyota Division. “We are evaluating our footprint and capacity.” According to AN, Toyota has moved over 248,000 trucks through November. Whether the Japanese brand will expand, though, remains an open question. “We have 2008 and 2009 fresh in our minds, when the pickup market dropped from 2.5 million to 1.1 million,” Fay told AN. “But we also need to be flexible for three years down the road from now.” With the launch of the restyled Tundra resulting in 101,744 units sold so far in 2013 and Fay predicting 137,000 Tundras finding a home in 2014, Toyota faces a difficult decision – short dealers who are aching for more trucks or make a big investment and risk a low return. Toyota mulling more Tundra, Tacoma capacity in TX originally appeared on Autoblog on Tue, 17 Dec 2013 11:02:00 EST. Please see our terms for use of feeds .

Toyota fears supplier pressure in Australia with GM pull out

Toyota fears supplier pressure in Australia with GM pull out

December 11, 2013 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Plants/Manufacturing , Toyota , Australia With Ford and General Motors both announcing an end to production in Australia , the country’s auto industry is in a bad way. With the exit of two big players, there’s increased concern that a third Australian manufacturer, Toyota , will be forced out, as well. “We are saddened to learn of GM Holden’s decision. This will place unprecedented pressure on the local supplier network and our ability to build cars in Australia,” Toyota Australia said in a statement. The GM closure of Holden production will be the direct end to 2,900 jobs, but will also force a dramatic reduction in the size of the country’s supplier network, as there will simply be fewer cars to build. In the same statement, Toyota Australia said it would work with suppliers and local government to figure out whether continuing production Down Under was even feasible. According to Automotive News , a representative for the Australian Manufacturing Workers’ Union told reporters it was “highly likely” that Toyota would also close up shop within the next few years. Toyota fears supplier pressure in Australia with GM pull out originally appeared on Autoblog on Wed, 11 Dec 2013 13:03:00 EST. Please see our terms for use of feeds . Permalink

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