Toyota reports huge quarterly profit increase, raises forecast for the year

Toyota reports huge quarterly profit increase, raises forecast for the year

August 4, 2013 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials Toyota isn’t just the world’s largest automaker – so far its the biggest winner for quarterly profits. With an enormous $5.5 billion take during Q2, Toyota took advantage of the weak Japanese yen and strong US demand to record a 94-percent improvement in profit over the same period from last year. So far, Toyota brought in larger profits than Ford and General Motors combined. Toyota is showing no signs of slowing down either, as it has bumped up its forecast for full-year global production, going from 9.94 million to 10.12 million vehicles, on the back of a 13-percent drop in the buying power of the Japanese yen versus the US dollar. That strong exchange rate is largely responsible for Toyota’s big jump in profits, although it also managed to shift 1.3 million vehicles in the US market this year. Strong Camry sales have also helped. But while Toyota is raking in the cash, it actually saw a small drop in market share, down 0.1 percent to 14.3 percent of the US market. As is the case with most automakers, Toyota seems flummoxed by Europe, where it recorded less than one percent of its revenue. Still, as Automotive News points out, Toyota only maintains a 4.5-percent market share in Europe and is far less dependent on the continent than other manufacturers. Toyota also struggled at home, much like Honda .

Toyota Motor Sales Issues June 2013 and First-Half Sales Preview

July 7, 2013 by · Leave a Comment 

TORRANCE, Calif. (July 2, 2013) Toyota Motor Sales (TMS), U.S.A., Inc., today reported June 2013 sales results of 195,235 units, an increase of 14 percent over June 2012 on a daily selling rate (DSR) basis.

Toyota Motor Sales Paces Ahead of the Industry in June

July 6, 2013 by · Leave a Comment 

TORRANCE, Calif. (July 2, 2013) – Toyota Motor Sales (TMS), U.S.A., Inc., today reported June 2013 sales results of 195,235 units, an increase of 14 percent over June 2012 on a daily selling rate (DSR) basis.

Toyota Camry incentives and fleet sales cranked to keep sales crown, insiders worried

Toyota Camry incentives and fleet sales cranked to keep sales crown, insiders worried

July 1, 2013 by · Leave a Comment 

Filed under: Car Buying , Sedan , Toyota , Earnings/Financials We’ve been watching for some time now as Toyota has piled more incentives on the hood of its Camry sedan, and Automotive News reports that the we’re not the only ones with raised eyebrows. The current Camry hasn’t even been on the market for two years, but the family sedan segment is more hotly contested than it has been in years. It’s that high level of competition that has led the automaker to uncharacteristically add more money on the hood in order to assure it maintains its long-held title of America’s Best-Selling Car, a mantle it has owned for a dozen years. It’s ramping up fleet sales, too. According to the analysts at TrueCar , Toyota has bumped incentives per unit every month this year, now totaling some $2,750 as of May, a 38-percent hike over this time last year. That’s more spiff money than the segment’s other best sellers, the Nissan Altima ($2,400), Ford Fusion ($2,300) and Honda Accord ($1,400), all of whom have actually decreased their incentive spend by 20- to 40-percent over the same period. The ramp up in incentive spending and fleet sales has analysts concerned that Toyota will tarnish the Camry’s historically sterling resale value. ALG pegs the 2013 Camry’s current 36-month residual value at 54.4 percent, well ahead of the segment average’s 50.9 percent (but shy of the Accord’s 55.6 percent). However, analysts are concerned that as the current generation ages, their resale values will eventually plummet if incentives continue to increase as Toyota looks to keep the Camry’s best-selling car crown going forward. Automotive News cites R.L.

Your 2013 Pikes Peak Hill Climb primer: "Donuts at 14,000 feet."

Your 2013 Pikes Peak Hill Climb primer: "Donuts at 14,000 feet."

July 1, 2013 by · Leave a Comment 

Filed under: Motorsports , Hyundai , Mitsubishi , Toyota , Peugeot The teams have all set up their pits and paddocks for today’s run of the 91st Pikes Peak International Hill Climb , and there’s nothing left to do but take a shot at the title. At 8 am Mountain time (9 am EST / 7 am PST), the first of a field of 83 bikes and 63 cars – whittled from an original field of 157 – will race 12.42 miles through 156 turns from the start gate at 9,390 feet to the summit finish at 14,110 feet. The summit is where we’ll be all day, having arrived on the media bus at around 5 am and not allowed to come down until the race is finished. If it’s anything like last year that could mean a 14-hour day on the top munching on donuts at the summit caf

Toyota Financial Services Awards New Toyota to Boys & Girls Clubs of America’s National Youth of the Year Winner

May 21, 2013 by · Leave a Comment 

May 21, 2013 – Torrance, Calif.– Toyota Financial Services (TFS), as part of its Making Life Easier for YOUth initiative, recently awarded a new Corolla to the 2012-13 Boys & Girls Clubs of America (BCGA) National Youth of the Year Winner Trei Dudley.

Toyota Partners with EVSC to Improve Annual Collection of 14,000 Netbooks

May 10, 2013 by · Leave a Comment 

EVANSVILLE, Ind., May 10, 2013 – Janit Market is pleased she can continue teaching her English classes at Central High School with only a brief interruption when student netbooks are collected this year.

Long Beach Educator Named National Toyota Teacher of the Year

May 1, 2013 by · Leave a Comment 

LOUISVILLE, Ky.

Rutledge Wood wins Toyota Pro/Celebrity Race in Long Beach

Rutledge Wood wins Toyota Pro/Celebrity Race in Long Beach

April 22, 2013 by · Leave a Comment 

Filed under: Motorsports , Coupe , Scion , Toyota , Celebrities Rutledge Wood took home the checkered flag at this year’s Toyota Pro/Celebrity race at the Grand Prix of Long Beach. The Top Gear USA presenter, Fox Sports commentator and Honda Wagovan owner managed to take pole position in qualifying, but lost his lead early in the race to Mark Steines. Steines has competed in the Pro/Celebrity race four times so far, but the Hallmark channel host of Home and Family couldn’t quite hold on to the lead. Wood eventually made up the ground he had lost for the win. This year, all the participants went fender to fender in identically prepared Scion FR-S racers. Meanwhile, Adam Carolla took first in the Pro category, and Toyota donated $5,000 on behalf of each participant to Racing for Kids. The charity benefits children’s hospitals in the Long Beach area, and this year Toyota donated a total of $90,000. Check out the full press release below for more information. Continue reading Rutledge Wood wins Toyota Pro/Celebrity Race in Long Beach Rutledge Wood wins Toyota Pro/Celebrity Race in Long Beach originally appeared on Autoblog on Sun, 21 Apr 2013 11:59:00 EST. Please see our terms for use of feeds .

Toyota Motor Sales No. 1 Retail Manufacturer in March 2013

April 3, 2013 by · Leave a Comment 

TORRANCE, Calif. (April 2, 2013) – Toyota Motor Sales (TMS), U.S.A., Inc., today reported March 2013 sales results of 205,342 units, an increase of 4.8 percent on a daily selling rate (DSR) basis. Unadjusted for 27 selling days in March 2013 versus 28 in March 2012, TMS sales were up 1.0 percent over the year-ago month.

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