Blaze876

iTrader: (1)

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

xjokerz

Great post. Yep, lots of doom and gloom when it comes to Toyota. Just because they didn't rush into the EV market like everyone else doesn't mean they're going to fail. I think Jill said some of their hybrids are on at least a 5 year wait up in Canada.

If you ask me, they are doing just fine.

Toys4RJill

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.

mmarshall

Almost 840,000 units......and local Toyota dealers here still can't get any Corolla Crosses.

Blaze876

iTrader: (1)

Or sienna and rav4s. With the new Tacoma, upcoming 4 runner and Camry, barring a recession Toyota will probably have limited supplies for some models the next 2-4 years.

Margate330

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.

spwolf

it will take them next 6-12 months just to fix the backlog, for many cars dealers still quote well over 6 months delivery.

Tdes395

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

gor134

What's the percentage of buyers migrating to Toyota from other brands? That's the more important question, given their record-breaking global output

Tdes395

I don’t know. That’s a good question. If I were to give a “seat of the pants” answer, I would say that it would be high and maybe even trending high too. I would contribute that to the Internet and YouTube channels like Scotty Kilmer and The Car Care Nut who consistently educate the general public about their legendary reliability. So for those who are still stuck on ICE, they’re choosing Toyota. That said I would have to add that as the public is shifting faster and more readily to electric cars that companies like Tesla are a growing challenge to companies that have made the mistake of focusing on hydrogen and hybrids and dragging their feet with BEVs. But like you asked, i too would be curious what those numbers are.

lexusnyca

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.

Blaze876

iTrader: (1)

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

Tdes395

so it looks like my previous comment was accurate in many ways. Those stuck on ICE are choosing toyota. When it comes to ICE, toyota can’t be beat which is why I bought one (Lexus).

Blaze876

iTrader: (1)

I agree as well. It seems like the chip shortage is really not the reason why Toyota lots are empty. Toyota is producing even more than pre pandemic but they still can get caught up with demand. A good problem to have.

Blaze876

iTrader: (1)

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