Toyota in U.S. and Europe: Reinforcing Lexus and high-performance lines

Recent sales and operating income in U.S. and Europe contribute to financial results

2014/10/08

Summary

 This report summarizes Toyota's business in the US and Europe mainly focusing on its model planning in those markets.

 Japanese vehicles have been rated high because of their high quality and reliability. Toyota plans to explore still higher market image for the Toyota and Lexus brands by developing high-performance vehicles with emotional appeal to customers. For instance, Toyota will expand the high-performance Lexus F series and develop all-new Supra and Lexus LF-LC. These plans are one of Toyota's development and product planning pillars other than the adoption of TNGA and major renovation of internal combustion engines.

 Toyota reported record-high operating income in the fiscal year ended in March 2014 (FY 2014) and in the April-June quarter in FY 2015. The high record was largely attributable to solid results in the U.S. and Europe. Toyota's sales in emerging markets in Asia and other parts of the world have been expanding in recent years but their growth is somewhat sluggish partly due to slow sales in Thailand.

RC F
High-performance the RC F to be launched
in U.S. in fall 2014 (photo courtesy of Toyota)
RC F
Driver's seat area of the RC F
(photo courtesy of Toyota)


Related Reports: Toyota: Implements strategy to launch fourteen new engines in two years (Sep. 2014)



Model plans for North America

 Toyota will develop high-performance vehicles including the Lexus F and F SPORT. In addition, a sports car is under joint development with BMW. Toyota is operating under the slogan of "develop ever-better cars" and with the notion that its cars must provide the fun of driving at the same time.

 Encouraged by the recovering profits, Toyota will accelerate its efforts to develop new technologies and "innovation" that will drive further growth. In this regard, Toyota has increased its research and development budgets from JPY 807.4 billion in FY 2013 to JPY 910.5 billion in FY 2014 and further to JPY 960 billion in FY 2015.

Model plans for North America by brand

Toyota Lexus Scion
2014 Yaris redesign RC coupe debut,
NX debut
2015 Sequoia redesign, Tacoma redesign,
Prius redesign, FCV debut
GS F debut, RX redesign xB replacement debut,
xD replacement debut
2016 4Runner redesign,
Land Cruiser redesign
RC convertible debut,
TX crossover debut),
LX redesign
tC redesign
2017 Supra debut,
Camry redesign,
Prius V redesign
CT redesign, GX redesign,
LF-LC debut, LS redesign,
ES redesign
FR-S redesign,
Crossover debut
2018 RAV4 redesign, Sienna redesign

Source: Automotive News Jul. 28, 2014.


 

Toyota brand: Launching TNGA-based Prius and Camry, developing successor to Supra

 

FT-1 Concept
     FT-1 Concept that is said to be successor to the Supra (unveiled at North American International Auto Show 2014, photo courtesy of Toyota)
FT-1 Concept
Driver's seat area of the FT-1 Concept
(photo courtesy of Toyota)


 Toyota will launch the all-new Prius in the U.S. at the end of 2015 as the first model under the TNGA scheme. Thereafter, TNGA will also be applied for the Camry, RAV4 and other model launches.

 The all-new Yaris is likely to be based on the Mazda2 that is produced by Mazda in Mexico.

 Toyota will develop a successor to the Supra, jointly with BMW, and will launch it in the second half of 2017. It is said that the FT-1 Concept exhibited at North American International Auto Show in January 2014 suggests the direction of the Supra's successor.

Toyota brand


Yaris
 The all-new Yaris will be based on the Mazda2. Toyota will receive supply of the Mazda2 hatchback (known as the Demio in Japan) produced by Mazda in Mexico and powered by a 1.5-liter Skyactiv engine. Toyota will sell it as the all-new Yaris (designed by Toyota). Toyota will also receive supply of the Mazda2 sedan in 2015 and sell it as the successor to the Scion xD.

Prius
 The U.S. launch was postponed from April to December 2015. The additional time was reportedly necessary as the Prius is the first model to which two major technologies (TNGA and new-generation hybrid system) are being applied. Production in the U.S. is not planned at present.
 The Prius will be fitted with a gasoline engine with the maximum thermal efficiency increased from 38.5% of the engines used in the current Toyota's hybrid models to 40% or higher. It will be equipped with nickel metal hydride battery (entry class model) or lithium-ion battery (high-end model). The TNGA-based platform is expected to achieve up to 20% weight reduction. These innovations will lead to 8 to 10% improvement in fuel efficiency of the Prius. It is said that Toyota may use an electric double-layer capacitor for starting the engine on the hybrid model that stops frequently.
 Production of the Prius plug-in-hybrid (PHV) will start in Japan in October 2016. The Prius v (sold as the Prius α in Japan) will be released for sale in the second half of 2017. An all-wheel drive (AWD) model, which is not available in the current Prius family, may be made available with the new Prius.
Successor to the Supra  Toyota is planning to introduce the successor to the Supra sports-car (fitted with an inline 6-cylinder 3000cc naturally-aspirated or 3000cc turbocharged engine) whose production was discontinued in 2002. Toyota is developing a sports-car jointly with BMW. Outcome of the joint efforts will be used for the Supra's successor that will be sold under the Toyota brand (refer to the section on the FT-1 Concept below).
Camry  The Camry will be redesigned based on the TNGA. A 2.5-liter 4-cylinder naturally-aspirated engine, 4-cylinder turbocharged engine and a hybrid system will be made available with the new Camry. The V6 engine will be abolished.
FT-1 Concept
 The Toyota FT-1 that was exhibited at the North American International Auto Show 2014 reportedly suggests the direction of the Supra's successor. "FT" stands for "Future Toyota" and "1" represents "Ultimate." It is a study concept for future sports-car design that appeals the powerfulness of a sports car while emphasizing the curved lines. The FT-1 is built upon Toyota's rich sport coupe experiences such as the 2000GT, Celica, Supra, MR2 and more recently Scion FR-S.
 Specification details have not been disclosed but the FT-1 is a rear-wheel drive model powered by a front-mounted internal combustion engine. The cockpit is located far rearward within the wheelbase for better weight distribution as a sports car concept that is suitable for a racing circuit. Traditionally, Toyota's design decisions have been driven by consensus among several divisions. This approval process has been eliminated to design the FT-1 that will appeal directly to the customer's feelings.


 

Lexus brand: Launching high-performance models in the LF-LC and F series

 The Lexus brand has established reputation in the US for quality. Now, Toyota is set to provide performance on top of quality that will strengthen the brand's emotional appeal to the customer. Although BMW M, Mercedes-Benz AMG and Audi S/RS are not sold in large quantities, it is said that they are playing a leading role in improving the market image of their respective brands. As for the Lexus brand, the IS F is the only car in its high-performance line. Toyota plans to add the RC F in the second half of 2014 and the GS F in 2015 to the Lexus series. The Lexus F series offers high-performance cars that are suitable for circuits.

 In addition, Toyota will launch the Lexus LF-LC in early 2017 with a price tag of around USD 120,000. It is said that the car will share many parts with the Supra's successor that is currently co-developed with BMW.

 As far as the Lexus brand is concerned, Toyota plans to launch many models that will appeal more to young customers within a few years. The 2.0-liter turbocharged engine used in the NX will be made available on the Lexus IS, ES, GS and RC as well.

Lexus brand

RC Series

RC350
 The RC350 is a sport coupe built on the IS/GS platform unveiled at the 2013 Tokyo Motor Show. It was developed as an authentic coupe rather than as a two-door model derived from a sedan. The coupe, fitted with a 3.5-liter V6 engine and the same 8-speed direct-shift transmission used in the IS F, will be launched in the US in the fall of 2014. A convertible version will be launched in the spring of 2016. A version fitted with a 2.0-liter turbocharged engine will become available in the future.
RC350"F SPORT"  The RC F SPORT is fitted with the Adaptive Variable Suspension system that optimally controls suspensions according to the driving operations, and the Lexus Dynamic Handling system (consisting of Dynamic Rear Steering and Variable Gear Ratio Steering) that optimally controls the steering angles of four wheels according to the vehicle speed and steering maneuvers. The car is also fitted with special aluminum wheels, steering wheel, shift knob and some other parts that are developed exclusively for the RC F SPORT.
RC F  The RC F is a high-performance coupe suitable for circuit tracks. It made a world debut at the 2014 North American International Auto Show. It will be powered by a 5.0-liter V8 2UR-GSE engine with maximum output exceeding 330kW and maximum torque exceeding 520N・m. The engine is fitted with the D-4S direct-injection system. At cruising speeds, it uses the Atkinson cycle that enhances fuel economy and environmental performance. The RC F is said to compete with the BMW M4, Audi RS5 and Mercedes-Benz C63 AMG.
 The letter "F" stands for "Fuji Speedway" and "Fun" of driving. The Lexus RC F is developed for maximum fun of driving on a circuit track and on a public road alike.

(Note) Toyota estimates that the RC series will sell 15,000 units a year, of which nearly a half will be the RC F SPORT and 2,500 units will be the RC F.

Other Lexus models
NX  The first compact crossover Lexus will be launched in the US in November (launched in Japan in July 2014). A 2.0-liter turbocharged version and a hybrid version will be available. Toyota expects that 90% of the NX sold will be the turbocharged version. It shares the platform with the RAV4 but has been improved in many ways. More high tensile-strength steel sheets are used on the NX. In addition, its suspensions deliver enhanced driving experience.
 The annual sale goal of the NX is set at 36,000 units. It is a rather modest figure and will be much higher when the supply capacity is increased. The NX will fall between the BMW X1 and X3 in term of size. In 1998, Toyota introduced the Lexus RX300, the first luxury crossover model based on a passenger car, in North America. It turned out to be a smash hit that sold around 100,000 units a year. Toyota aspires to relive that experience.
GS F  The GS will also have the F grade fitted with a 5.0-liter V8 engine.
 TX  Toyota plans to develop a 7-seater crossover model based on a passenger car. It will be built on an extended RX platform or on a larger platform. If it is sold under the Lexus brand, Toyota estimates that it will sell around 35,000 units a year. Toyota already has the Lexus GX460 (known as the Land Cruiser Prado in Japan) which is a 7-seater built on a truck platform.
 LF-LC  Toyota plans to launch, in early 2017, a new model based on the LF-LC Concept that was exhibited at the 2012 North American International Auto Show and the 2012 Paris Motor Show. According to Toyota, the LF-LC is a design study model that displays future of the Lexus design. It will feature vibrant design in perfect match with the next-generation coupe.
 The front-engine, rear-wheel drive hybrid 2+2 sports car will share many parts with the successor to the Toyota Supra that is currently co-developed with BMW. It will have a price tag of around USD 120,000 and will compete with Mercedes-Benz SL.


 Sales of the Scion-brand vehicles declined in 2013 and for the first eight months in 2014 due to a short supply of new models. Even the giant automaker has limited operating resources and Toyota is asking dealerships to be patient.

 

Scion brand

 xD  Toyota receives supply of the Mazda2 sedan produced by Mazda in Mexico and sells it as the Scion xD. The Mazda2 hatchback will be sold as the Toyota Yaris.
 FR-S  The Scion FR-S (known as the Toyota 86 in Japan) was released for sale in 2012. The Subaru BRZ was launched in the same year as well. The next model of the FR-S is expected to be launched in 2017.

 

 



A two-digit growth in Lexus sales in U.S. in 2013 and January-August 2014

 Toyota sold 2.24 million vehicles in the U.S. in 2013 resulting in a market share of 14.4%, still lower than the 17.0% share recorded in 2009. However, Toyota prioritizes "making ever-better cars" and "sustainable growth" rather than hastening for a higher market share. Toyota has set the sales goal for the full-year 2014 at 2.3 million units (assuming that sales continue at 6.1% year-over-year growth after the first eight months, Toyota's annual sales will be approximately 2.37 million units in 2014).

 Between sales results as at the end of the first eight months in 2013 and 2014, sales of the Toyota brand models increased by 5.6%, while those of the Lexus brand increased by 16.1% (the partially redesigned IS and GX were the major contributors to increased sales). According to the Automotive News on August 8, 2014, sales in the light vehicle market in the US during the first seven months of 2014 increased by approximately 5% whereas sales of the luxury brands such as the Lexus, Lincoln, Land Rover, Audi, Infiniti and BMW marked two-digit increases. The Automotive News attributes the high growth to introductions of low-priced luxury models, growing popularity of lease sales, and the promising U.S. economy in general.

Vehicle sales by brand and car/truck in the U.S.

2009 2010 2011 2012 2013 Jan.-Aug.
2013
Jan.-Aug.
2014
Lexus car 112,745 113,106 101,181 132,741 153,166 96,565 113,133
Lexus truck 103,320 116,223 97,371 111,425 120,681 74,673 85,698
Total Lexus 215,975 229,329 198,552 244,166 273,847 171,238 198,831
Total Scion 57,961 45,678 49,271 73,505 68,321 48,959 41,949
Toyota div. car 938,468 850,601 785,765 1,035,733 1,073,070 761,345 772,450
Toyota div. truck 557,743 637,987 611,072 729,100 820,804 552,180 614,279
Total Toyota Division 1,496,211 1,488,588 1,396,837 1,764,833 1,893,874 1,313,525 1,386,729
Toyota Motor Sales 1,771,147 1,763,595 1,644,660 2,082,504 2,236,042 1,533,722 1,627,509
Market share 17.0% 15.2% 12.9% 14.4% 14.4% 14.4% 14.5%
Total US Light vehicle 10,431,509 11,589,844 12,779,007 14,492,398 15,582,136 10,651,957 11,191,068

Source: Automotive News Sep. 8, 2014

 

 



Launching Lexus NX and RC in Europe, improving production efficiency

 

Aygo
The all-new Aygo launched in summer 2014
C-HR
The C-HR Concept being exhibited at Paris Motor Show in October 2014


 Toyota reported an operating loss of JPY 143.3 billion in FY 2009 after the global financial crisis. Since then, Toyota switched its operational strategy from seeking unit sales and market shares to seeking higher efficiency. Toyota turned to a surplus in FY 2011 and reported an operating income of JPY 58.2 billion in FY 2014.

 As for model lineup for Europe, Toyota's Aygo, produced in Czech jointly with PSA, was fully redesigned in the summer of 2014 (the first-generation Aygo was introduced in 2005).

 Toyota plans to launch new models in the Lexus NX and RC series in 2014 to 2015. Toyota estimates that the NX will account for one third of the Lexus models sold in Europe in 2015.

 As for production, production of the Auris in the UK and Turkey was consolidated in the UK plant in 2013. Production of the Corolla, which had been exported to Europe from Japan and South Africa, was transferred to the plant in Turkey.

New models planned for launch in Europe

Lexus NX  Toyota will launch the NX300h hybrid, the NX200h powered by a naturally-aspirated engine, and the NX200t powered by a turbocharged engine, in European markets. Toyota has announced that the NX200t will be released in February 2015 in major markets in Europe, and the NX200 in December 2014 in Russia. The NX series is expected to account for one third of the Lexus sales in Europe in 2015.
Lexus RC  The RC350, the RC300h hybrid, the RC350 F Sport, and the RC F, the highest-performance line in the Lexus series powered by a 5.0-liter engine, will be made available in Europe as well. The RC F will be released in major European markets toward the end of 2014, followed by the RC300h in 2015.
C-HR Concept  Toyota will exhibit the C-HR Concept, a design study model for a compact crossover, at the Paris Motor Show in October 2014. Toyota has announced that the C-HR will be displayed at the center of the Toyota booth. A hybrid version also will be available. The C-HR is positioned in class under the RAV4 and is said to rival Nissan's Juke. Toyota will reportedly begin producing C-HR-based crossovers for 100,000 units a year at the Turkey plant.
Other models  Toyota will also exhibit the CT 200h F SPORT and IS 300h F SPORT at the Paris Motor Show 2014.

 

Restructuring production network for Europe

Auris  The Auris was produced at Toyota's plants in the UK and Turkey until production was transferred entirely to the UK plant in 2013. As a result, the Auris production in the UK increased sharply from 48,821 units in 2012 to 142,751 units in 2013. The UK plant is also producing the Toyota Avensis (36,482 units produced in 2013).
Corolla  The Corolla that is sold in European markets used to be supplied from South Africa and Japan until production of the all-new Corolla started in Turkey in July 2013. The Turkish plant is also producing the Verso.
 Production of the all-new Corolla started in South Africa in February 2014. Unlike the previous model that was exported to Europe, the new Corolla will be supplied to South Africa and other sub-Saharan countries. Toyota plans to reduce export of the Corolla from Japan to Europe.

 

 



Results in April to June 2014 by region: Profit increasing in North America and Europe

 Toyota reported a record-high quarterly consolidated operating income in FY 2015 first quarter (April to June, 2014).The sales data by region shows an increase in net revenues and operating income in North America and Europe. The quarterly operating income doubled from the previous year in both areas. Asian regions have been expanding sharply during the past few years, but the quarterly net revenues slightly declined in April-June 2014. The operating income in Asia increased only by 6.0%. As a result, North America became the top operating income earner, beating Asia.

Net revenues and operating income (by region)

(in billions of JPY)
FY 2011 FY 2012 FY2013 FY 2014 Apr.-Jun.
2013
Apr.-Jun.
2014
YoY
for Apr.-Jun.(Q1)
Net
revenues
Japan 10,986.2 11,167.3 12,821.0 14,297.4 3,456.2 3,296.5 95.4%
North America 5,429.1 4,751.8 6,284.4 8,117.0 2,105.1 2,259.1 107.3%
Europe 1,981.4 1,993.9 2,083.1 2,724.9 595.9 650.6 109.2%
Asia 3,374.6 3,334.2 4,385.4 4,877.6 1,218.0 1,197.4 98.3%
Other 1,809.1 1,760.1 2,094.2 2,336.6 609.0 591.9 97.2%
Elimination (4,586.8) (4,423.9) (5,604.1) (6,661.9) (1,729.1) (1,605.0) -
Consolidated 18,993.6 18,583.6 22,064.1 25,691.9 6,255.3 6,390.6 102.2%
Operating
income
Japan (362.4) (207.0) 576.3 1,510.1 456.0 365.9 80.2%
North America 339.5 186.4 221.9 326.0 82.6 165.5 200.4%
Europe 13.1 17.7 26.4 58.2 5.2 10.8 207.7%
Asia 313.0 256.7 376.0 395.7 104.1 110.3 106.0%
Other 160.1 108.8 133.7 42.5 42.5 34.0 80.0%
Elimination 4.9 (7.1) (13.6) (40.6) (27.3) 5.9 -
Consolidated 468.2 355.6 1,320.8 2,292.1 663.3 692.7 104.4%
Source: Toyota's Financial Results
(Notes) 1. The operating income for North America in FY 2014 reflects Toyota's payment of USD 1.2 billion penalty to the US Department of Justice for the delay in providing information for customers regarding the "unintended acceleration" while driving Toyota vehicles.
2. The above results do not include Toyota's business in China where the equity method is applied.
3. Daihatsu and Hino results are included.

 

 



Full-year vehicle sales forecasts for FY 2015 revised upward for North America

 According to the consolidated vehicle sales forecasts for FY 2015, announced in May 2014 simultaneously with the financial results for FY 2014, Toyota's global sales will reach 9.1 million units. This assumes sales growth in all areas other than Japan and Oceania.

 However, the consolidated vehicle sales in April-June 2014 declined in Asia and Africa. The global vehicle sales remained unchanged at 9.1 million units in Toyota's forecasts announced in August. But the sales forecasts by region were revised upward for North America and Europe, and downward for Asia and other emerging markets. The downward revision was due to the weakening demand in Thailand, India and Brazil.

 Toyota forecasts that the sluggish Thai market will start to pick up after FY 2016.

Consolidated vehicle sales

(in thousands of units)
FY 2012 FY 2013 FY 2014 Forecast for FY2015 Apr.-Jun.
2013
Apr.-Jun.
2014
YoY
for Apr.-Jun.(Q1)
Announced
In May
Announced
In August
Japan 2,071 2,279 2,365 2,210 2,210 526 506 96.2%
North America
Europe
1,872
798
2,469
799
2,529
844
2,620
850
2,710
860
689
193
710
207
103.0%
107.3%
Asia
Latin America
Oceania
Africa
Middle East
Other
1,327
289
223
214
550
8
1,684
364
271
259
741
5
1,609
413
259
267
824
6
1,630
430
250
280
830
-
1,580
420
240
270
810
-
394
106
60
67
196
1
385
106
58
61
206
2
97.7%
100.0%
96.7%
91.0%
105.1%
200.0%
Worldwide 7,352 8,871 9,116 9,100 9,100 2,232 2,241 100.4%
Source: Toyota's Financial Results
(Notes) 1. The above results do not include Toyota's vehicle sales in China where the equity method is applied.
2. Daihatsu and Hino vehicles are included.

 

 



Production Forecast by LMC Automotive: Toyota Group Production will be 10.7 million units in 2017

(LMC Automotive、August 2014)

Production Forecast by Country Based on the Global Automotive Production Forecast (August 2014), Toyota Group's light vehicles production is expected to be 10.7 million units in 2017, up by 7.7% from 2013.

 At present, the majority of Toyota Group's production comes from Japan. However, the long-term domestic market is destined to contract, leaving little incentive to boost exports. LMC's forecast is for a gradual decrease in production which will eventually stabilize at around 3.6-3.7 mn units.

 Production in the U.S., the second largest producer country, will be 1.6 million units in 2017, up by 22% from 2013. The Georgetown facility will expand in 2015 with additional capacity added to produce 150,000 more vehicles by 2017.

 Production in China, the third largest producer country, will be 1.1 million units in 2017, up by 30.6% from 2013. LMC forecasts the negative impact of political issues in China to gradually ease, and for sales in China to start growing in 2014.

 Thailand, Indonesia and India are also expected to gain ground in the longer term. In countries with large populations, such as China, Indonesia and India, production increase will be supported by domestic sales growth. Thailand, however, will gain greater significance as an export base. Production in these countries in 2017 will be 805,737 units in Thailand, 881,904 units in Indonesia and 304,764 units in India.


Toyota Group Light Vehicle Production Forecast by country

GLOBAL
MAKE
2011 2012 2013 2014 2015 2016 2017
Toyota Group Toyota 6,501,798 8,210,368 8,447,941 8,538,476 8,570,925 8,888,532 9,000,411
Daihatsu 698,386 849,363 896,375 934,419 812,027 804,473 815,755
Lexus 388,874 481,765 507,675 563,941 646,193 737,405 748,013
Scion 42,702 57,052 55,266 60,319 72,962 95,504 93,877
Hino 45,911 80,011 83,513 51,643 65,979 67,708 68,752
Toyota Group total 7,677,671 9,678,559 9,990,770 10,148,798 10,168,086 10,593,622 10,726,808
Japan Toyota 2,386,555 3,140,368 2,949,708 2,787,465 2,600,823 2,575,769 2,483,174
Daihatsu 564,957 682,546 675,513 716,616 605,637 585,584 579,264
Lexus 323,632 395,068 421,439 465,120 530,170 575,316 583,661
Scion 42,702 57,052 55,266 60,319 69,448 75,387 75,250
Hino 38,137 58,484 60,022 29,536 41,415 40,110 39,377
Japan sub-total 3,355,983 4,333,518 4,161,948 4,059,056 3,847,493 3,852,166 3,760,726
USA Toyota 793,272 1,201,118 1,288,714 1,325,779 1,354,131 1,513,185 1,519,888
Lexus 0 0 0 0 10,282 49,361 50,961
USA sub-total 793,272 1,201,118 1,288,714 1,325,779 1,364,413 1,562,546 1,570,849
China Toyota 800,796 752,470 857,732 953,144 1,013,386 1,074,511 1,120,531
China sub-total 800,796 752,470 857,732 953,144 1,013,386 1,074,511 1,120,531
Thailand Toyota 515,813 888,500 863,912 803,450 772,656 759,483 805,440
Hino 152 320 264 253 263 274 297
Thailand sub-total 515,965 888,820 864,176 803,703 772,919 759,757 805,737
Indonesia Toyota 319,994 351,710 430,625 521,364 575,975 591,505 628,638
Daihatsu 132,126 165,947 220,452 217,641 206,148 218,514 235,954
Hino 1,858 13,014 15,233 12,665 14,521 16,469 17,312
Indonesia sub-total 453,978 530,671 666,310 751,670 796,644 826,488 881,904
Canada Toyota 347,587 432,525 419,100 453,659 455,766 443,012 446,294
Lexus 65,242 86,697 86,236 98,821 105,741 112,728 113,391
Canada sub-total 412,829 519,222 505,336 552,480 561,507 555,740 559,685
France Toyota 167,861 194,483 192,135 207,770 208,880 192,359 189,921
France sub-total 167,861 194,483 192,135 207,770 208,880 192,359 189,921
UK Toyota 128,146 109,429 179,233 179,667 180,373 171,569 159,242
UK sub-total 128,146 109,429 179,233 179,667 180,373 171,569 159,242
Taiwan Toyota 153,899 169,098 170,257 163,205 176,399 188,362 194,975
Hino 1,364 2,328 2,486 2,606 2,744 2,852 2,988
Taiwan sub-total 155,263 171,426 172,743 165,811 179,143 191,214 197,963
South Africa Toyota 153,244 151,848 155,233 162,924 186,109 196,671 201,285
South Africa sub-total 153,244 151,848 155,233 162,924 186,109 196,671 201,285
India Toyota 136,437 194,164 173,773 158,562 195,110 238,659 304,764
India sub-total 136,437 194,164 173,773 158,562 195,110 238,659 304,764
Turkey Toyota 91,639 76,925 102,260 134,456 130,742 185,320 252,944
Turkey sub-total 91,639 76,925 102,260 134,456 130,742 185,320 252,944
Brazil Toyota 60,456 66,514 134,721 132,914 131,555 141,180 147,138
Brazil sub-total 60,456 66,514 134,721 132,914 131,555 141,180 147,138
Australia Toyota 92,825 91,217 108,065 100,307 113,324 114,116 0
Australia sub-total 92,825 91,217 108,065 100,307 113,324 114,116 0
Argentina Toyota 68,929 93,570 94,468 90,279 87,262 83,747 90,199
Argentina sub-total 68,929 93,570 94,468 90,279 87,262 83,747 90,199
Malaysia Toyota 64,045 73,668 72,750 79,921 81,991 86,020 88,328
Hino 4,330 5,850 5,508 6,583 7,036 8,003 8,778
Daihatsu 325 0 0 0 0 0 0
Malaysia sub-total 68,700 79,518 78,258 86,504 89,027 94,023 97,106
Czech Republic Toyota 90,667 73,086 69,383 70,755 106,290 100,692 100,721
Czech Republic sub-total 90,667 73,086 69,383 70,755 106,290 100,692 100,721
Mexico Toyota 49,596 55,676 63,677 67,268 71,706 87,556 89,904
Scion 0 0 0 0 3,514 20,117 18,627
Mexico sub-total 49,596 55,676 63,677 67,268 75,220 107,673 108,531
Russia Toyota 14,131 28,282 42,816 57,397 51,239 62,627 88,878
Russia sub-total 14,131 28,282 42,816 57,397 51,239 62,627 88,878
Philippines Toyota 27,023 29,886 34,869 51,250 36,487 36,840 37,839
Philippines sub-total 27,023 29,886 34,869 51,250 36,487 36,840 37,839
Vietnam Toyota 27,227 22,042 33,949 31,150 32,120 34,417 36,661
Hino 70 15 0 0 0 0 0
Vietnam sub-total 27,297 22,057 33,949 31,150 32,120 34,417 36,661
Venezuela Toyota 9,853 11,959 8,930 2,576 4,345 6,209 8,637
Daihatsu 978 870 410 162 242 375 537
Venezuela sub-total 10,831 12,829 9,340 2,738 4,587 6,584 9,174
Kazakhstan Toyota 0 0 0 1,698 2,522 2,730 2,894
Kazakhstan sub-total 0 0 0 1,698 2,522 2,730 2,894
Portugal Toyota 1,803 1,830 1,631 1,516 1,734 1,993 2,116
Portugal sub-total 1,803 1,830 1,631 1,516 1,734 1,993 2,116
Source: LMC Automotive "Global Automotive Production Forecast (August 2014)"
(Note) 1. Data indicates figures of only small-size vehicles, including passenger cars and light commercial vehicles with gross vehicle weight of under 6 tons.
2. All rights reserved. Reproduction of any data will require permission of LMC Automotive.
3. For more information or inquiries of forecast data, please contact LMC Automotive.

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