Toyota Motor North America Reports Year-End 2022 U.S. Sales Results

Rhea-AI Summary

Toyota Motor North America (TM) reported a 9.6% decline in U.S. sales for 2022, totaling 2,108,458 vehicles. However, Q4 2022 showed a 13.1% increase, with December sales up 3.5%. TM maintained its leadership in electrified vehicles, with 504,016 sold, representing 24% of total sales. Toyota's investment in North Carolina will reach $3.8 billion to produce batteries, creating 2,100 jobs. Best-selling models projected include Camry and RAV4, while the company aims to remain the top retail brand for the 11th consecutive year.

Positive

• Q4 2022 sales increased by 13.1% YoY.
• December sales rose by 3.5% YoY.
• 20 electrified vehicle options available, the most among automakers.
• Total electrified vehicle sales reached 504,016, or 24% of total sales.
• Announced $3.8 billion investment in battery production, creating 2,100 jobs.

Negative

• Total U.S. sales decreased by 9.6% in 2022.
• Sales in the Toyota division fell by 9.1% for the year.
• Lexus division sales fell by 15.3% for the year.

• Total electrified vehicle sales – battery, hybrids, plug-ins and fuel cells – make up nearly one-quarter of total sales volume
• 20 electrified vehicle options available, the most among any automaker with more in showrooms throughout 2023
• Toyota is projected to be the number one retail brand for the 11^th consecutive year
• Toyota Camry, Highlander, RAV4, Sienna, Tacoma and Lexus NX projected to be best-selling models in their respective segments

PLANO, Texas, Jan. 4, 2023 /PRNewswire/ -- Toyota Motor North America (TMNA) today reported year-end 2022 U.S.  sales of 2,108,458 vehicles, a decrease of 9.6 percent on a volume basis and a decrease of 9.9 percent on a daily selling rate (DSR) basis compared to 2021.

The company reported U.S. fourth quarter 2022 sales of 536,740 vehicles, an increase of 13.1 percent on a volume basis and DSR basis compared to the fourth quarter of 2021. U.S. December 2022 sales totaled 180,147 vehicles, an increase of 3.5 percent on a volume basis and DSR basis compared to December 2021.

"In 2022, we further solidified our leadership position in electrified vehicles, and through our 20 electrified options, we're giving customers a choice that fits their lifestyle and needs," said Jack Hollis, executive vice president, Sales, TMNA. "Thanks to our manufacturing team and outstanding dealers, we are focused on delivering world-class service and products to customers, and preparing to introduce nearly two dozen all-new, refreshed or special edition vehicles in 2023, including sedans and even more electrified options."

2022 Highlights

TMNA:

• 20 total electrified vehicles currently available in dealerships between both the Toyota and Lexus brands, the most among any automaker
• 2022 electrified vehicle sales of 504,016 represent nearly 24% of total sales volume
• Projected to be the number one seller of passenger vehicles for the 11^th consecutive year, and 19 of the last 20
• December sales up 3.5%
• December car division sales up 23.3%
• Fourth quarter sales up 13.1%
• Fourth quarter car division sales up 43.7%
• Fourth quarter truck sales up 4.5%
• Announced an additional $2.5 billion investment, for a total of $3.8 billion, at the company's North Carolina manufacturing plant to produce batteries for hybrids and electric vehicles. It's expected to start production in 2025 and provide 2,100 new jobs
• TMNA's digital retail sales of new vehicles through its SmartPath and Monogram platforms surged past 152,000 at more than 360 dealers; more than 100 dealers will go live on both platforms by summer 2023

Toyota Division:

• 2022 electrified vehicles sales of 448,854 represent 24.3% of total sales volume
• Projected to be the number one retail brand for the 11^th consecutive year
• December sales up 6.6%
• December car sales up 26.5%
• Fourth quarter division sales up 16.6%
• Fourth quarter car sales up 43.7%
• Fourth quarter SUV sales up 2.7%
• Fourth quarter pickup sales up 32.5%
• Fourth quarter truck sales up 7.7%
• Corolla number one compact car in America
• Camry number one passenger car in America for the 21^st consecutive year
• Tacoma number one small pickup in America for the 18^th consecutive year
• RAV4 best-selling SUV in the U.S. for 7^th consecutive year
• All-time best-ever year for:
• GR86
• Corolla Hybrid
• Corolla Cross
• RAV4 Hybrid
• Tundra Hybrid

Lexus Division:

• 2022 electrified vehicles sales of 55,162 represent 21.3% of total sales volume, a division record
• December car division sales up 1.5%
• December electrified vehicle sales up 22.3%
• Fourth quarter car sales up 13.3%
• Fourth quarter electrified vehicle sales up 20.1%
• LUVs achieved top market share among luxury brands in 2022
• All-time best-ever year for:
• Electrified vehicle sales ratio of 21.4%
• LC Hybrid
• IS 500
• NX Hybrid
• NX Plug-in Hybrid

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that began production in September 2021.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.

Media contact:
Victor Vanov
victor.vanov@toyota.com
469.292.1318

 

TOYOTA  U.S. SALES SUMMARY
December 2022
	-- CURRENT MONTH --				-- CALENDAR YEAR TO DATE --
	2022	2021	DSR %	VOL %	2022	2021	DSR %	VOL %
TOTAL TMNA	180,147	174,115	3.5	3.5	2,108,458	2,332,262	-9.9	-9.6
TOTAL TOYOTA DIV.	160,039	150,072	6.6	6.6	1,849,754	2,027,786	-9.1	-8.8
TOTAL LEXUS DIV.	20,108	24,043	-16.4	-16.4	258,704	304,476	-15.3	-15.0
COROLLA	17,982	13,940	29.0	29.0	222,216	248,993	-11.0	-10.8
SUPRA	258	483	-46.6	-46.6	4,952	6,830	-27.7	-27.5
GR86 (INCL FR-S)	860	107	703.7	703.7	11,996	1,152	937.9	941.3
MIRAI	303	28	982.1	982.1	2,094	2,629	-20.6	-20.3
AVALON	12	1,122	-98.9	-98.9	12,215	19,460	-37.4	-37.2
PRIUS	4,907	3,946	24.4	24.4	36,919	59,010	-37.6	-37.4
CAMRY	25,906	20,074	29.1	29.1	295,201	313,795	-6.2	-5.9
TOTAL TOYOTA DIV. CAR	50,228	39,700	26.5	26.5	585,593	652,074	-10.5	-10.2
IS	1,922	1,393	38.0	38.0	21,386	21,998	-3.1	-2.8
RC	207	94	120.2	120.2	2,648	2,987	-11.6	-11.3
ES	3,395	4,028	-15.7	-15.7	41,735	45,406	-8.4	-8.1
GS	0	1	-100	-100	2	76	-97.4	-97.4
LS	223	178	25.3	25.3	2,679	3,739	-28.6	-28.3
LC	178	145	22.8	22.8	1,387	2,782	-50.3	-50.1
TOTAL LEXUS DIV. CAR	5,925	5,839	1.5	1.5	69,837	76,989	-9.6	-9.3
TOTAL TMNA CAR	56,153	45,539	23.3	23.3	655,430	729,033	-10.4	-10.1
C-HR	604	941	-35.8	-35.8	12,141	35,707	-66.1	-66.0
BZ4X	634	0	0	0	1,220	0	0	0
RAV4	33,489	34,609	-3.2	-3.2	399,941	407,739	-2.2	-1.9
COROLLA CROSS	5,609	3,500	60.3	60.3	56,666	7,203	684.1	686.7
VENZA	2,924	5,128	-43.0	-43.0	33,683	61,988	-45.8	-45.7
HIGHLANDER	20,247	19,270	5.1	5.1	222,805	264,128	-15.9	-15.6
4RUNNER	7,291	14,851	-50.9	-50.9	121,023	144,696	-16.6	-16.4
SEQUOIA	2,073	805	157.5	157.5	5,314	8,070	-34.4	-34.2
LAND CRUISER	3	13	-76.9	-76.9	48	3,711	-98.7	-98.7
TOTAL TOYOTA DIV. SUV	72,874	79,117	-7.9	-7.9	852,841	933,243	-8.9	-8.6
SIENNA	6,107	8,082	-24.4	-24.4	69,751	107,990	-35.6	-35.4
TACOMA	20,855	19,423	7.4	7.4	237,323	252,520	-6.3	-6.0
TUNDRA	9,975	3,750	166.0	166.0	104,246	81,959	26.8	27.2
TOTAL TOYOTA DIV. PICKUP	30,830	23,173	33.0	33.0	341,569	334,479	1.8	2.1
TOTAL TOYOTA DIV. TRUCK	109,811	110,372	-0.5	-0.5	1,264,161	1,375,712	-8.4	-8.1
UX	1,060	1,577	-32.8	-32.8	10,237	17,581	-42.0	-41.8
NX	6,088	1,516	301.6	301.6	49,002	58,514	-16.5	-16.3
RX	3,769	11,594	-67.5	-67.5	96,041	115,320	-17.0	-16.7
GX	2,828	3,007	-6.0	-6.0	29,945	32,509	-8.2	-7.9
LX	438	510	-14.1	-14.1	3,642	3,563	1.9	2.2
TOTAL LEXUS DIV. TRUCK	14,183	18,204	-22.1	-22.1	188,867	227,487	-17.2	-17.0
TOTAL TMNA TRUCK	123,994	128,576	-3.6	-3.6	1,453,028	1,603,199	-9.7	-9.4
Selling Days	27	27			307	306
DSR = Daily Selling Rate
TOYOTA U.S. ELECTRIFIED VEHICLE SALES SUMMARY
December 2022
	-- CURRENT MONTH --				-- CALENDAR YEAR TO DATE --
	2022	2021	DSR %	VOL%	2022	2021	DSR %	VOL%
TOYOTA PRIUS HYBRID	2,964	2,792	6.2	6.2	25,062	33,968	-26.5	-26.2
TOYOTA PRIUS PRIME	1,943	1,154	68.4	68.4	11,857	25,042	-52.8	-52.7
TOYOTA COROLLA HYBRID	3,254	2,819	15.4	15.4	27,799	27,576	0.5	0.8
TOYOTA CAMRY HYBRID	1,411	2,446	-42.3	-42.3	41,830	46,399	-10.1	-9.8
TOYOTA AVALON HYBRID	5	559	-99.1	-99.1	3,565	9,734	-63.5	-63.4
TOYOTA MIRAI	303	28	982.1	982.1	2,094	2,629	-20.6	-20.3
TOYOTA SIENNA HYBRID	6,107	8,080	-24.4	-24.4	69,720	107,130	-35.1	-34.9
TOYOTA HIGHLANDER HYBRID	6,565	5,263	24.7	24.7	43,711	65,167	-33.1	-32.9
TOYOTA SEQUOIA HYBRID	2,070	0	0	0	4,797	0	0	0
TOYOTA BZ4X	634	0	0	0	1,220	0	0	0
TOYOTA RAV4 HYBRID	8,086	13,214	-38.8	-38.8	149,938	120,983	23.5	23.9
TOYOTA RAV4 PRIME	1,018	2,185	-53.4	-53.4	18,567	27,707	-33.2	-33.0
TOYOTA VENZA HYBRID	2,924	5,128	-43.0	-43.0	33,683	61,988	-45.8	-45.7
TOYOTA TUNDRA HYBRID	2,261	0	0	0	15,011	0	0	0
LEXUS ES HYBRID	1,140	1,024	11.3	11.3	13,607	12,990	4.4	4.7
LEXUS UX HYBRID	1,060	1,142	-7.2	-7.2	6,884	12,672	-45.9	-45.7
LEXUS NX HYBRID	2,005	473	323.9	323.9	13,873	10,614	30.3	30.7
LEXUS NX PLUG-IN HYBRID	258	18	1,333.0	1,333.0	3,507	18	19,320.0	19,383.0
LEXUS RX HYBRID	1,003	1,812	-44.6	-44.6	17,194	18,981	-9.7	-9.4
LEXUS LS HYBRID	8	7	14.3	14.3	78	84	-7.4	-7.1
LEXUS LC HYBRID	1	1	0	0	19	14	35.3	35.7
TOTAL TMNA Electrified Vehicles	45,020	48,145	-6.5	-6.5	504,016	583,697	-13.9	-13.7
TOTAL TOYOTA Electrified Vehicles	39,545	43,668	-9.4	-9.4	448,854	528,323	-15.3	-15.0
TOTAL LEXUS Electrified Vehicles	5,475	4,477	22.3	22.3	55,162	55,374	-0.7	-0.4
TOTAL TMNA SALES RATIO	25.0 %	27.7 %			23.9 %	25.0 %
Selling Days	27	27			307	306

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/toyota-motor-north-america-reports-year-end-2022-us-sales-results-301713474.html

SOURCE Toyota Motor North America

FAQ

What were Toyota's total U.S. sales in 2022?

Toyota reported total U.S. sales of 2,108,458 vehicles in 2022.

How much did Toyota's sales decline in 2022?

Toyota's sales declined by 9.6% in 2022 compared to 2021.

What is the electrified vehicle sales percentage for Toyota in 2022?

Electrified vehicle sales represented nearly 24% of Toyota's total sales in 2022.

What investment did Toyota announce for its North Carolina plant?

Toyota announced a $3.8 billion investment in its North Carolina plant to produce batteries.

Which models are projected to be the best-sellers for Toyota in 2023?

The projected best-selling models include Camry, Highlander, RAV4, and Tacoma.

How did December 2022 sales compare to December 2021?

December 2022 sales increased by 3.5% compared to December 2021.