Featured Toyota Canada Inc. (TCI) Release May Vehicle Sales Results

at least they are holding pretty close in total units, considering all the shortages.

 

I'm guessing Toyota is running low on their stockpile of chips. Their part shortage plans were based on the result of the tsunami and Fukushima incident. That was a smaller scale regional one, not global.

 

Lol, for sure, thanks for all the details, Toyota.

The bigger mystery is how ~70% of new vehicle buyers are STILL buying gassers in this time of sky-high gas prices (>$2/litre in Canada...).

Almost every Toyota model has a hybrid option these days, often with a minimal “premium”, so maybe these customers are not good at math or still don’t trust the tech (?).

The only legit reason I can imagine to explain this would simply be availability these days, as pretty much anything with a HV battery in 2022 comes with a 6+ month wait, while gassers can be had considerably quicker… But that seems like a pretty big concession in the long term with gas prices, unless you are in a bind and need a vehicle ASAP…

But I digress…

 

Toyota North America was down 2.7.4% down in may versus 2021, which sounds bad but only genesis gained, and the rest were the same or worse than Toyota. Ford and GM have not reported yet, and Tesla only reports quarterly.

 

I think GM has gone to quarterly reports.

I wouldn't be surprised if US dealers have a higher premium on the hybrids they do have these days.

 

Higher markups is also a good point.

I guess I am lucky in that regard in Ontario, as apparently Toyota does not allow their dealerships to sell new vehicles above MSRP, so new cars are a “great” deal these days, lol.

Also the reason I recently put my name on two waiting lists with my local dealer - for a Prius Prime as well as a RAV4 Prime - with 6-8 and ~18-24 month waiting lists, respectively. I figure I will never get more for my 2014 PiP than now (my car has appreciated considerably in my the last year since I barely drive these days and high-ish mileage is looking more reasonable all the time, plus insane gas prices, and finally the crazy resale market) so I guess it is finally time to pull the trigger if I can win the “available vehicle” lottery, lol.

With any luck, my turn may come up around the time the ‘23’s are available.

Also, if the market stays ridiculous and another year or two, I may have the PP for a year or so (and I don’t drive much anymore with remote work so the value will stay high), and potentially have an opportunity to upgrade to RAV Prime if one becomes available, and sell/trade either at same value or maybe for profit. If the market cools down or the R4P just seems too costly, then I refund my deposit and simply stick with the Prius, and that’s fine with me too.

At least that’s the game plan for now.

 

The high value of my old car is why I decided to get a new one recently.