Toyota and Honda Stay Positive on Profits
Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
Short supplies of new vehicles drove a dip in consumer loyalty of over 3 percentage points, according to Experian.
The automaker’s acceptance of parts it would have thrown away in the past marks a notable change for a company renowned for stringent quality control.
Toyota and Lexus franchise dealers can now leverage Tekion’s Automotive Retail Cloud to provide best-in-class, seamless experiences for sales and service consumers.
Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle battery technology and supply system by 2030.
Independent dealers are securing sought-after vehicles despite tight inventory.
GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.
Toyota saw sales rise to 840,303 units in May, led by swiftly recovering demand in North America.
The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.
Honoring new-vehicle brands, models with lowest projected ownership costs to help shoppers save money.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In