Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

October 25, 2014 by · Leave a Comment 

Filed under: Car Buying , Hybrid , Toyota , Electric “As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes,” – Ed Kim, Autopacific Fuel prices in the US have been tumbling for the last several weeks, with the average price of a gallon of gas at $3.120 as of October 20, according to the US Energy Information Administration. That price reflects a serious recent drop from $3.299 on October 6. Reports have even suggested that those low numbers might not change for a little while , perhaps as long as years. While drivers certainly love paying less at the pump, the change may be hurting the market for more fuel-efficient models, including the Toyota Prius . According to a report from National Public Radio, sales of hybrids, plug-ins and EVs are down around 5 percent for the year , but trucks and SUVs have seen a 17 and 20 percent improvement, respectively. Autoblog Green’s By the Numbers reports indicate similar figures of around a 5.4 percent drop so far in 2014. In fact, as of September, green-car sales have endured their fourth straight month of declines . That segment of the market fell 11 percent year-over-year in August and 9.6 percent in September. “As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes,” Ed Kim, Vice President of Industry Analysis at AutoPacific tells Autoblog . That paints a bleak picture for hybrids, because at the moment, the Prius is doing pretty poorly.

Toyota Announces Return of Dream Car Art Contest

Toyota Announces Return of Dream Car Art Contest

September 27, 2014 by · Leave a Comment 

TORRANCE, Calif., (Sept. 22, 2014) –

Exclusive Scion FR-S Release Series 1.0 Arrives at Dealerships Nationwide

September 8, 2014 by · Leave a Comment 

TORRANCE, Calif. (Sept. 8, 2014) – The wait to own the first Scion FR-S limited edition release series is finally over. Scion fans and racing enthusiasts can now get behind the wheel of the FR-S Release Series 1.0, a modern homage to the sports coupe’s racing roots. Revealed earlier this year at the New York International Auto Show, the FR-S Release Series 1.0 is now available at dealerships nationwide.

Toyota Welcomes National Association of Hispanic Journalists Convention to San Antonio, Home of Toyota Tacoma and Tundra Vehicles

Toyota Welcomes National Association of Hispanic Journalists Convention to San Antonio, Home of Toyota Tacoma and Tundra Vehicles

August 5, 2014 by · Leave a Comment 

SAN ANTONIO (August 4, 2014) – Toyota is pleased to welcome the National Association of Hispanic Journalists (NAHJ) to San Antonio, where the Toyota Tacoma and Tundra vehicles are manufactured. Toyota is the title sponsor of the NAHJ 2014 Convention, which runs August 7 through August 9, at the Henry B. Gonzalez Convention Center. This year marks the 30th anniversary of NAHJ, an organization dedicated to increasing the visibility of Latinos in the news industry. full_image_path: D:InetpubtoyotamediahtdocsimagesToyota_red_logo_thumb_20140801174748459.jpg feed_brand_code:

Toyota is No. 1 Retail Manufacturer in July 2014

Toyota is No. 1 Retail Manufacturer in July 2014

August 1, 2014 by · Leave a Comment 

TORRANCE, Calif. (August 1, 2014) – Toyota, Scion and Lexus today reported total July 2014 sales results of 215,802 units, an increase of 7.3 percent from July 2013 on a daily selling rate (DSR). On a raw-volume basis, unadjusted for 26 selling days in July 2014 versus 25 selling days in July 2013, sales increased 11.6 percent over the year-ago month. full_image_path: D:Inetpubtoyotamediahtdocsimagestms_sales_2F478DCF661651E622FBD08C12BBB833B62FB9B6_thumb.jpg feed_brand_code:

2014 Automotive Hall of Fame Induction & Awards Gala Ceremony – Jim Lentz

2014 Automotive Hall of Fame Induction & Awards Gala Ceremony – Jim Lentz

July 26, 2014 by · Leave a Comment 

Toyota North America CEO Jim Lentz speaks at the Automotive Hall of Fame Induction & Awards Gala Ceremony, where he was recognized as Industry Leader of the Year on July 24, 2014. full_image_path: D:Inetpubtoyotamediahtdocsimages2011ANWC_1723_thumb_20140724191333840.jpg feed_brand_code:

Jim Lentz Honored as Industry Leader of the Year by the Automotive Hall of Fame

Jim Lentz Honored as Industry Leader of the Year by the Automotive Hall of Fame

July 25, 2014 by · Leave a Comment 

TORRANCE, Calif. (July 24, 2014) – Jim Lentz, chief executive officer of Toyota North America, was recognized as Industry Leader of the Year at the Automotive Hall of Fame’s 75 th Anniversary Gala on July 24, 2014. The event was held at the A. Alfred Taubman Center for Design Education, College for Creative Studies in Detroit. full_image_path: D:InetpubtoyotamediahtdocsimagesLentz_Hall_of_fame_thumb.jpg feed_brand_code:

New York State of Mind: Toyota Welcomes LULAC 2014 National Convention to Big Apple

July 2, 2014 by · Leave a Comment 

NEW YORK (July 2, 2014) – There’s something special about experiencing New York City for the first time, which is why Toyota is excited to welcome the League of United Latin American Citizens (LULAC) 2014 National Convention to the Big Apple. This year’s 85th National Convention, which will be held at the New York Hilton Midtown (1335 Avenue of the Americas) from July 8-12, 2014, marks the first time that any national Hispanic organization will be holding its annual conference in New York City. Toyota is a 2014 Presenting Sponsor.

Fewest vehicles ever found eligible for Most American survey

Fewest vehicles ever found eligible for Most American survey

July 1, 2014 by · Leave a Comment 

Filed under: Plants/Manufacturing , Chevrolet , Chrysler , Dodge , GM , Honda , Toyota , SRT Once again, the most American car on the market is from an American brand. The Ford F-150 retained its number one spot in Cars.com ‘s annual survey of the most American vehicles, trumping the Toyota Camry , which remains at number two. Ford taking the top spot is small consolation, though, as the Detroit Three aren’t too well represented here. General Motors scored a win at number seven, with the Chevrolet Corvette , while Chrysler squeaked in at number ten, with the Dodge Viper . Outside of those three vehicles, Toyota and Honda dominate the top ten. What’s most remarkable, though, is that there were so few cars available for this year’s list. “Only ten cars were eligible for the American-Made Index this year. That’s the fewest in the study’s nine-year history. In 2013, 14 cars met the threshold, 20 in 2012 and 30 cars the year before that,” said Patrick Olsen, Editor-In-Chief of Cars.com . “This consistent decline points to global nature of cars these days.

Tesla pulling plug on Toyota RAV4 EV battery deal

Tesla pulling plug on Toyota RAV4 EV battery deal

May 13, 2014 by · Leave a Comment 

Filed under: Plants/Manufacturing , Crossover , Toyota , Earnings/Financials , Tesla , Electric The future of the Toyota RAV4 EV appears to be in doubt. Tesla supplies the EVs battery packs, and it says that production ends later this year. ” Toyota is expected to end the current RAV4 EV model this year,” Tesla said in its quarterly financial filing obtained by Bloomberg . “Our production activities under this program are expected to end in 2014,” the company said. This timeline fits closely with the original production plans for the RAV4 EV. When the $100-million project was first announced, Tesla said that it expected to supply battery packs for the vehicle from 2012 to 2014 . Building components for the Japanese automaker continues to bring in money, though. In the company’s Q1 2014 letter to shareholders , it said: “Automotive revenue included $15 million of Toyota powertrain sales.” According to Bloomberg , Toyota has sold just 1,594 RAV4 EV models from 2012 through April 2014. Initially, the business had estimated that it would sell 2,600 units of the electrified crossover . Toyota has not officially said that it plans to end production of the RAV4 EV yet.

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