Toyota's global output hits May record, 838,478 units
#1
Toyota's global output hits May record, 838,478 units
Up 4 months in a row. If you follow some folks here though Toyota sales will crater and they will be the next blackberry / Kodak.
Toyota dealers still has empty lots, imo seems like there is a demand backlog. No slashing of prices like other car companies to increase sales.
https://japantoday.com/category/business/toyota's-global-output-hits-may-record-as-chips-shortage-eases
Toyota dealers still has empty lots, imo seems like there is a demand backlog. No slashing of prices like other car companies to increase sales.
https://japantoday.com/category/business/toyota's-global-output-hits-may-record-as-chips-shortage-eases
#2
Up 4 months in a row. If you follow some folks here though Toyota sales will crater and they will be the next blackberry / Kodak.
Toyota dealers still has empty lots, imo seems like there is a demand backlog. No slashing of prices like other car companies to increase sales.
https://japantoday.com/category/busi...shortage-eases
Toyota dealers still has empty lots, imo seems like there is a demand backlog. No slashing of prices like other car companies to increase sales.
https://japantoday.com/category/busi...shortage-eases
If you ask me, they are doing just fine.
#3
Lexus Fanatic
Toyota is a smart company. They know what they are doing. 2 year wait for a hybrid in super gas expensive Canada. 8 month wait for a gas and it’s a RAV4 and in white. On the more passionate side, the Corolla GR Murizo with the rear seat delete is limited to 200 in the US.
#6
Lexus Test Driver
I know in a lot of older Toyota and Lexus like my RX, Denso makes the microcontrollers and some special purpose chips in the Engine ECM, I looked.
They may still do.
Don't laugh but I've also opened up several peripheral control modules to peek inside just for fun.
The control modules are running Denso microcontrollers(if I remember) and Atmel eeproms, hopefully I remember that right.
Atmel is a good choice because they make their bread and butter microcontrollers and eeproms for decades so oems don't get left hanging in the wind and suffering due to obsolescence.
However, the downside I'm seeing is the ridiculous extended lead times of 1+ years to get more when they run out.
The problem for the chip shortages is they are waiting too long in between runs to replenish supply and it's killing everyone. Lol
Not sure if it's Denso or Atmel or some special purpose chips or SCR's(hybrid) but someone is jamming everything up!
All that to say, I think Toyota could sell more if they can get the cars to the lots.
They may still do.
Don't laugh but I've also opened up several peripheral control modules to peek inside just for fun.
The control modules are running Denso microcontrollers(if I remember) and Atmel eeproms, hopefully I remember that right.
Atmel is a good choice because they make their bread and butter microcontrollers and eeproms for decades so oems don't get left hanging in the wind and suffering due to obsolescence.
However, the downside I'm seeing is the ridiculous extended lead times of 1+ years to get more when they run out.
The problem for the chip shortages is they are waiting too long in between runs to replenish supply and it's killing everyone. Lol
Not sure if it's Denso or Atmel or some special purpose chips or SCR's(hybrid) but someone is jamming everything up!
All that to say, I think Toyota could sell more if they can get the cars to the lots.
Last edited by Margate330; 06-29-23 at 09:20 PM.
#7
it will take them next 6-12 months just to fix the backlog, for many cars dealers still quote well over 6 months delivery.
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#8
Intermediate
But there’s a trend that should be very troubling to toyota:
“The percentage of customers who migrated from Toyota to Tesla was up 2.1 points to 5 percent year over year”
https://jalopnik.com/toyotas-custome...las-1850585322
“The percentage of customers who migrated from Toyota to Tesla was up 2.1 points to 5 percent year over year”
https://jalopnik.com/toyotas-custome...las-1850585322
#10
Intermediate
Last edited by Tdes395; 07-02-23 at 03:51 PM.
#11
The Model2 is going to be a game changer, blowing out the low and even medium priced end of the market. The main driver in market shift now isn't EV versus ICE, its what has happened to the price of ICE cars - skyrocketing across the board. Sub 30K cars have almost disappeared, $1K a month car payments are the norm now. The middle class has been priced out of the new car market entirely.
#12
Toyota profits rise 78% in the first fiscal quarter, with profits of 9 billion USD, a quarterly record for Toyota. Units sold have increased from 2 million to 2.3 million vehicles for same quarter last year.
Toyota has produced and sold more vehicles in June 2023 than they did in June 2019 (pre pandemic / chip shortage).
First time I have seen a "failing" company increase profits and sales, setting a new record. I guess Toyota isn't failing as some like to suggest here. Seems like demand for Toyotas is so high it is causing shortages. They just can't keep up while other companies cut prices to try and sell more volume.
https://abcnews.go.com/Business/wire...unch-101889734
Toyota has produced and sold more vehicles in June 2023 than they did in June 2019 (pre pandemic / chip shortage).
First time I have seen a "failing" company increase profits and sales, setting a new record. I guess Toyota isn't failing as some like to suggest here. Seems like demand for Toyotas is so high it is causing shortages. They just can't keep up while other companies cut prices to try and sell more volume.
https://abcnews.go.com/Business/wire...unch-101889734
#13
Intermediate
Toyota profits rise 78% in the first fiscal quarter, with profits of 9 billion USD, a quarterly record for Toyota. Units sold have increased from 2 million to 2.3 million vehicles for same quarter last year.
Toyota has produced and sold more vehicles in June 2023 than they did in June 2019 (pre pandemic / chip shortage).
First time I have seen a "failing" company increase profits and sales, setting a new record. I guess Toyota isn't failing as some like to suggest here. Seems like demand for Toyotas is so high it is causing shortages. They just can't keep up while other companies cut prices to try and sell more volume.
https://abcnews.go.com/Business/wire...unch-101889734
Toyota has produced and sold more vehicles in June 2023 than they did in June 2019 (pre pandemic / chip shortage).
First time I have seen a "failing" company increase profits and sales, setting a new record. I guess Toyota isn't failing as some like to suggest here. Seems like demand for Toyotas is so high it is causing shortages. They just can't keep up while other companies cut prices to try and sell more volume.
https://abcnews.go.com/Business/wire...unch-101889734
#15
Toyota sets new sales record in September 2023; 921,308 vehicles sold
Toyota once again sets a new record in September for global sales. 921,000 vehicles sold, 900,000 vehicles made. Comparing this to pre-pandemic September 2019 - 821,000 sales and 753,000 vehicles made.
Its hard to believe the theory that toyota is reducing production to keep prices high when they are breaking records for vehicles produced, nor is it a chip shortage issue. IMO Toyota factories just seems to be maxed out at the number of vehicles they can produce and still can't keep up with demand. With the new Grand Highlander, Tacoma, upcoming 4Runner and Camry, I don't see demand easing unless a massive global recession.
https://global.toyota/en/company/pro...es/202309.html
Its hard to believe the theory that toyota is reducing production to keep prices high when they are breaking records for vehicles produced, nor is it a chip shortage issue. IMO Toyota factories just seems to be maxed out at the number of vehicles they can produce and still can't keep up with demand. With the new Grand Highlander, Tacoma, upcoming 4Runner and Camry, I don't see demand easing unless a massive global recession.
https://global.toyota/en/company/pro...es/202309.html