With dozens of new models set to debut in the U.S. in the coming months, this should be a big year for Toyota. But the automaker’s plans have been put in a “wait and see mode,” as executives struggle to figure out how to respond to the new Trump import auto tariffs.The tariffs could bring more Toyota jobs to the U.S. – but they might also price some products out of reach, hammering sales. Headlight.News has more.
September and third quarter sales proved disappointing for automakers after months of steady gains. But electrified vehicles created a bright spot for GM and several other manufacturers — and accounted for nearly half of Toyota’s sales in the U.S.
The expanding popularity of electrified vehicles, particularly hybrids, continues to help boost sales of new vehicles amid growing signs consumers are switching to smaller, more affordable vehicles in the face of rising prices and the highest interest rates in nearly a quarter of a century.