Camry, RAV4, Tundra Power Up Toyota's March Sales
Thanks to the 4Runner, Highlander and RAV4, Toyota’s CUV/SUV segment had the best first quarter in company history, an executive says.
April 1, 2014
Toyota’s midsize sedan, compact CUV and fullsize pickup each saw sales spike last month, giving the automaker its best March by volume since 2008.
A reprieve from Mother Nature also helped.
“The industry began to emerge from one of the harshest winters on record with a really solid sales month in March,” Bill Fay, group vice president-Toyota Div. tells the media in a conference call.
Toyota, Lexus and Scion sales collectively rose 8.9% on a daily-selling-rate basis to 215,348 units, the Japanese automaker’s best U.S. tally in seven months.
Some 21,063 units went to fleet customers in March, down from 25,076 year-ago, Fay says.
Continuing a theme for Toyota, car deliveries were not as strong as for light trucks, with the former rising just 1.1% from March 2013 but the latter group jumping 14.6%.
The Camry was one of the few Toyota cars to increase sales last month, with deliveries of the non-hybrid model up 17.8%. With March volume, the Camry surpassed the Nissan Altima in year-to-date sales, 94,283 to Altima’s 89,285. The Altima had been ahead through February in the midsize-sedan segment.
Only two other Toyota-brand cars gained last month: the plug-in hybrid Prius, up 91.8% on modest volume, and the Avalon Hybrid, up 2.8% from year-ago.
For another month the remaining Prius variants, the liftback and V wagon, as well as the C subcompact, saw sales decline from year-ago.
Fay says hybrid sales should increase industrywide in the second quarter, which he expects will benefit the Prius lineup. “That segment has been a little bit soft.”
A refresh and heavy marketing last month seemed to do wonders for the Tundra, up 29.8%.
Newness and wall-to-wall advertising of the new ’14 Highlander boosted the gas-engine-only variant’s sales 20.8% to 12,686 units. Highlander Hybrid deliveries fell 27.5% to 333.
Toyota’s 4Runner and FJ Cruiser SUVs saw big increases on comparatively lower volume.
Despite more than a year since its redesign, the RAV4 CUV continues to cook, with sales of 19,660 non-EV units good enough for a 24.9% increase from like-2013.
Thanks to the 4Runner, Highlander and RAV4, Toyota’s CUV/SUV segment had the best first quarter in company history, Fay says.
The Lexus brand had its best March in seven years, with one of the biggest year-on-year gains in the industry, 28.0% on a DSR basis to 20,593 units.
Both cars and utilities were strong for the luxury marque in March, with the new IS driving that model’s sales up 125.3% from year-ago, when the brand was clearing out the previous generation from dealer stock.
The IS’ 4,893 March sales came within 507 units of the perennial best-selling Lexus sedan, the ES 350, which rose 7.1% last month to 5,400 units. ES 300h hybrid sales slipped 7.3% to 1,384 deliveries.
A model refresh and TV commercials during several high-profile events, such as the NCAA college basketball tournament and last night’s series finale of “How I Met Your Mother” on CBS, seem to have benefited Lexus’ CT 200h compact hybrid hatchback, whose sales rose 44.6% from year-ago.
All Lexus utilities barring the RX 450h CUV posted March increases, with the GX SUV up the most, 152.7% on modest volume.
Scion’s struggle to get back in the black continues, as the youth brand’s March sales fall 4.5% on declines in all but one model.
The tC coupe rose 18.4% to 1,860 units, making it Scion’s best seller last month. FR-S sports car volume placed the model third among Scions. On a DSR basis the FR-S slumped 16.8% from year-ago.
In the first quarter, Toyota sold 520,997 vehicles in the U.S., down 1.6% from January-March 2013.
Toyota predicts a seasonally adjusted annual rate for the U.S. light-vehicle industry of 16.3 million for March, up from 15.3 million year-ago, and 15.6 million for Q1.
Toyota will continue to use incentives “tactically,” Fay says, predicting no big jumps in spending from March.
While TrueCar estimates Toyota’s incentive spending rose 18.7% in March from like-2013, and 3.4% from February 2014, it had the lowest average incentive among the eight major automakers tracked, $1,864.
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