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If Toyota can't even get it together to sell it's gasoline and hybrids vehicles, they will never get there when it comes to EV's. They haven't even been able to work out their supply chain problems
US sales at top automakers rise on improving inventory, Toyota struggles
Sales are up compared to last March but analysts don't expect that trend to last
Top global automakers reported a rise in first-quarter U.S. sales on improving shipments to dealers, with the exception of Toyota, which continued to grapple with parts shortage, data showed on Monday.
General Motors, which replaced Toyota as the top U.S. automaker in 2022, posted a 17.6% rise in first-quarter auto sales.
"We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape, and we sold more than 20,000 EVs (electric vehicles) in a quarter for the first time," GM Executive Vice President Steve Carlisle said in a statement.
Vehicle production took a hit after the pandemic disrupted supply of semiconductor chips and other raw materials, hurting carmakers' ability to meet the upsurge in demand for personal mobility. The companies have been trying to make up for the lost production ever since as supply chain snags gradually ease.
But rising interest rates and fears of a recession may play spoilsport in an industry where most vehicle purchases are financed with loans, analysts say, as they watch out for signs of plateauing demand. The average transaction price of vehicles, too, has surged over the last one year.
"Consumers are facing credit uncertainty as rapidly rising interest rates have created barriers to entry for even the most qualified buyers," said Jessica Caldwell, executive director of insights at auto research firm Edmunds.
GM said on Monday U.S. sales rose to 603,208 units in the first quarter from 512,846 a year earlier. Toyota said sales fell 8.8% to 469,558 vehicles, but added that inventory was improving.
Asian peers Mazda, Honda and Hyundai all posted a rise in sales.
EV leader Tesla posted record deliveries but its shares fell on Monday on growing margin worries after aggressive price cuts.
Edmunds forecasts an overall 3,502,324 new cars and trucks to be sold in the U.S. in the quarter through March, higher than last year, but a 1.8% decrease from the fourth quarter.
I've been noticing dealers around are starting to have cars on their lots again. Except...Toyota. I have two local Toyota dealers and their lots are bare, with the few cars they get all sold before they arrive. It's rather crazy. I'm glad I'm not trying to buy right now.
What you or I consider luxury, premium, whatever, does not matter. The industry classifies Tesla in that group. BMW, MBZ, Lex, etc customers cross shop Tesla. Maybe top of the line Camry.
The lux division is scared xxxless of Tesla because Tesla is eating their lunch. That's the numbers.
agree on the numbers... and agree it doesn't matter how things are categorized. see my post #176 above. but still there's a range of vehicles brands like bmw and mbz from boring (fake sporty) small sedans and cuv's all the way to full luxo barges, luxo suvs, and specialty vehicles like g wagon.
Last edited by bitkahuna; Apr 3, 2023 at 05:52 PM.
Market cap is how you determine the value of a publicly traded company. Now back to my last question, where is the proof of Toyota's upcoming battery pipeline? Give me something on that because from all reports, Toyota can't get there hands on enough batteries
"Market capitalization does not measure the equity value of a company. Only a thorough analysis of a company's fundamentals can do that. Shares are often overvalued or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares".
"Shareholder equity is considered a more accurate estimate of a company's actual net worth. Equity is a simple statement of a company's assets minus its liabilities; it could also be seen as the net profit that would remain if the company was sold or liquidated at fair value. Unlike market capitalization, equity does not fluctuate day to day based on the stock price".
"Market capitalization does not measure the equity value of a company. Only a thorough analysis of a company's fundamentals can do that. Shares are often overvalued or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares".
How Toyota is not taking this deadly serious is beyond me. This is most concerning for them
Electric vehicle prices vs. ICE are dropping much faster than most people realize, ICE cars are steadily going up in price. Toyota is increasing complexity/cost of their fleet by going turbo and hybrid. They are heading straight into a perfect storm and doing little to nothing about it.
Disagree with the article. Nonsensical.
Raw materials used for batteries are not going to decrease at such rate. In fact, the increased demand will eventually outstrip supply capacity.
The recent sales report is more of an anomaly than anything else for Toyota, but the fact that they still haven't been able to adequately supply even the tiny lithium ion batteries in their PHEV's like the RAV4 Prime despite them being on the market for years- an eternity in the EV world, reflects on their slowness to adapt. And now they'll somehow procure even more material for solid state batteries? Lol again.
The recent sales report is more of an anomaly than anything else for Toyota, but the fact that they still haven't been able to adequately supply even the tiny lithium ion batteries in their PHEV's like the RAV4 Prime despite them being on the market for years- an eternity in the EV world, reflects on their slowness to adapt. And now they'll somehow procure even more material for solid state batteries? Lol again.
TMC said that their venture with Panasonic in Japan was to also supply batteries for hybrids and PHEV's.
So it shouldn't be too long before production ramps up and waiting lists decline.
TMC said that their venture with Panasonic in Japan was to also supply batteries for hybrids and PHEV's. So it shouldn't be too long before production ramps up and waiting lists decline.
How many years has this same statement been said now? RAV4 Prime has been on sale for 4 model years and counting.
How many years has this same statement been said now? RAV4 Prime has been on sale for 4 model years and counting.
The venture only just started in 2020, so have a bit of patience Motorola.
TMC invested US$13.6B into their 51:49 shareholding.
Panasonic only invested US$1.6B into their shareholding with Tesla in Nevada.
Didn't you say that TMC also invested US$4B into an US battery factory?
Patience.
It's only early 2023.
The venture only just started in 2020, so have a bit of patience Motorola.
TMC invested US$13.6B into their 51:49 shareholding.
Panasonic only invested US$1.6B into their shareholding with Tesla in Nevada.
Didn't you say that TMC also invested US$4B into an US battery factory?
Patience.
It's only early 2023.
You know that if you keep repeating the same falsehoods, they don't magically come true?
Didn't you say that TMC also invested US$4B into an US battery factory?
No, that was a $4 Billion battery factory between Panasonic and Tesla that's currently being built.
You know that if you keep repeating the same falsehoods, they don't magically come true?
Likewise, you keep on trying to put down TMC - your greatest nemesis - to push up your favorite Hyundai Motor Corporation.
TMC sold 10.5M last year to HMC's 6.8M.
TMC has equity assets less liabilities of US$200B, while HMC is about US$64B or whatever.
Each to their own.
You like HMC? Buy it.
You like Tesla? Buy it and enjoy...
