Toyota Is Likely To Export Tundras and Sequoias
Toyota Motor Corp. is planning to convert U.S. into its export house as the company is looking forward to export its Tundra pickup and Sequoia SUV, in the face of the current declining scenario of the North American sales. Steve St. Angelo, who is the president of Toyota Motor Manufacturing Kentucky Inc., told the Management Briefing Seminars today that the overseas buyers might get attracted towards light trucks that the company is going to offer them in the future.
The Tundra is manufactured primarily at the San Antonio assembly plant and on the other hand, the Sequoia is manufactured in Princeton, Ind. Because of the high inventories, the company idled the further production of these vehicles on Friday, Aug. 8. It has been said that Toyota will resume the production in mid-November.
At San Antonio, the company is managing the idled workers by keeping them busy with various ventures, instead of laying them off.
The U.S. Sales for Tundra have declined drastically by 15.5% from 105,990 a year ago, to 89,929 this year. The all new Sequoia have shown a reversed trend as far as the “sales” are concerned. It has moved up by a 32.8 percent margin to 19,367 in U.S. sales through July as compared to 14,582.
The sales of Pickups and large Trucks and SUVs have declined in the past four to five months as the oil prices have driven more amount of consumers towards the purchase of small and fuel-efficient cars.
The company excels in importing tens of thousands of cars into the U.S. from Japan, including the very famous Camry sedan, but lags behind in exporting from its operations here.
