Tag Archives: Toyota

News

Toyota GR86 and Subaru BRZ are leaving the European market

The announcement that from the summer of 2024 a “Black box” or data recorder (a device that records data with a specific algorithm), as part of General Safety Regulations 2, will be mandatory in all new cars sold in the EU, met with opposition from some manufacturer. According to the latest information, Toyota and Subaru are withdrawing their GR86 and BRZ models from the European market due to this regulation.

Two years ago, the EU started to tighten regulations when it comes to safety, introducing mandatory advanced systems to help drivers on the road. This had a great impact on the further development of cars in Europe, so some manufacturers had to convert their models to electric ones.

Toyota and Subaru announced that they are withdrawing their two models, which are actually identical, because compliance with the new regulations would mean modifying them, which these companies do not plan to do. This would require large financial costs, but also with the changes, it would no longer be the same cars that many know and love.

In 2023, Toyota sold 11,078 units of the GR86, which is slightly less than in 2022 when 11,996 GR86s were delivered. Subaru BRZ sales are growing year after year. In 2023, 4,188 units were sold, which is 843 more than the year before (3,345). This could open up space for other manufacturers to fill the gap. One of the choices for customers is the Mazda MX-5, which will be available after 2024.

Source: Reuters

News

Tesla Model Y is the best selling car in 2023

Most manufacturers have already released their sales results for last year, so we know who is the world’s largest car manufacturer, and that is Toyota with 11.2 million vehicles. Also, we know that the world’s largest exporter is China, which took over that position from Japan. However, when it comes to individual models, the Tesla Model Y is the best-selling car in 2023.

According to JATO Dynamics, Tesla Model Y was delivered in 1.23 million units in the twelve months of 2023 – an increase of 64% compared to the previous year. Felipe Munoz, Global Analyst at JATO Dynamics, commented: “The increase in global sales of the Model Y is unprecedented, especially for a top ten best-selling vehicle. What Tesla has been able to achieve with the Model Y in such a short time is simply incredible .”

When it comes to the world’s largest car manufacturer, Toyota, Munoz thinks the RAV4 and Corolla could lose the battle with the competition: “Toyota has a strong presence around the world, with the RAV4 (SUV) and Corolla (compact car) they make this brand attractive with a diverse offering. However, both models do not have fully electric options, and only offer hybrid alternatives.” The Toyota RAV4 and Corolla were the second and third best-selling cars in the world.

“While Toyota still had a strong 2023, the RAV4 and Corolla are simply unable to compete in the electric car market, which is becoming more established and important across Europe and China,” Munoz said.

Source: JATO Dynamics

News

Toyota is still the world’s largest car manufacturer

Car production in China is expanding, so last year this Asian giant became the world’s largest car exporter, taking over the crown from Japan, which held that position for years. But, in order to protect the pride of the Japanese automobile industry, Toyota was the world’s largest car manufacturer last year (11.2 million vehicles), for the fourth year in a row.

A better situation with the supply of semiconductors and increased demand resulted in higher sales of Toyota vehicles by 7.2 percent compared to 2022. As many as 1.1 million Toyota cars were sold in Europe, which is a remarkable growth of 9.1% compared to 2022. Toyota’s last sales record was achieved in 2019, when they sold 10.7 million vehicles.

When it comes to individual types of vehicles, Toyota sold 3.4 million hybrid vehicles in 2023, which is 31.4 percent more on an annual basis. Also, 104,018 fully electric vehicles were sold, which is not a great result if you consider that it is only about 1 percent of the total sales of their cars. Toyota has announced that it plans to increase sales of this type of vehicle to 1.5 million units per year by 2026.

Source: Bloomberg