Toyota to export small trucks, minivans and SUVs from U.S.
Thursday, October 9th, 2008 by admin
Toyota builds many of its U.S. market vehicles right here in America. Among them are the Toyota Tacoma, Sienna minivan and Sequoia SUV, which is built alongside its Tundra full-size truck sibling. For the most part, they are all meant to be sold in the States, their primary market. It’s no secret that sales of these big SUVs and trucks are way down, and Toyota doesn’t want to idle its plants if it can help it. Therefore, the Japanese automaker is rumored to be in the midst of sending these light trucks out of the country. The Tacoma, for instance, could be sent to Mexico from Toyota’s plant in Baja, California. To keep the plant in Princeton, Indiana running, the Sienna could be exported to Latin America and the gas-guzzling Sequoia to the Middle East, a place where oil supplies are obviously not in danger of dwindling.
The auto market is in the tank right now, with sales dropping to 1991 levels and Detroit automakers in a cash crunch of horrendous proportions. Even Japanese automakers are struggling, and perhaps the biggest sign that something is terribly wrong is that Toyota is even feeling the pain. The Japanese automaker’s sales dropped by an incredible 32% last month compared to September 2007, which was preceded by drops of 9.7%, 18% and 11% in prior months. Toyota has already lowered its global sales target for the year to 9.5 million units to reflect the trouble it’s experiencing in the U.S. market, but recent news from Europe is that production is being cut there, as well.
Five Axis makes a slightly more compelling case for customizing the Venza with a stow-away rack system created by Magna Car Top Systems that can transport everything from bicycles to skis. New front and rear bumpers, wider fenders and pot-hole averse 20×10.5-inch wheels round out the exterior mods on the Venza AS V.




The US auto industry has hit a serious slump in 2008, with overall sales estimated drop by two million vehicles compared to 2007. Even the mighty Toyota has seen sales slip by 7.8%, which is better than the industry average, but a far cry from annual increases of 10%. And times may not improve in 2009 either, as the credit crunch and mortgage crisis have conspired to kick the auto industry in the pants. Toyota sales boss Jim Lentz says the mortgage crisis is the main culprit of tough sledding for the Japanese automaker. Florida and California, which account for 30% of overall Toyota Sales, have been especially hard hit by decreased home values. Lexus sales have been hit hard, too, as one third of all of purchasers in the Sunshine State use home equity to buy their luxury vehicles. It doesn’t take an accounting degree to know that houses are typically assets and cars are almost always liabilities. That large amounts of people who were using home equity to purchase cars is disturbing, and it’s likely a trend that isn’t unique to Toyota.