Bloomberg: Toyota Can't Build Scions Fast Enough - Houston-Imports.com

zerinVR6 · 06-22-2005, 08:24 AM

June 20 (Bloomberg) -- Toyota Motor Corp.'s Scion raised its 2005 U.S. sales forecast to 140,000 vehicles as the two-year-old brand, added to attract younger buyers, accounts for a majority of the automaker's growth.

Sales through May more than doubled from a year earlier to 62,003 and are on pace to reach almost 150,000 for the year. Mark Templin, manager of the brand, said production capacity will hold down the annual growth. Scion in January forecast annual sales of at least 120,000.

``Unless something changes between now and the end of the year we will not have the production to be able to sell 150,000 cars,'' Templin, 44, said in a phone interview today from Toyota's U.S. sales base in Torrance, California. ``We think that we have the potential to do around 140,000.''

Scion at that level would rise 41 percent from last year's 99,259. Its growth this year through May accounted for just over half of Toyota's 10 percent increase in U.S. sales. Toyota, Japan's largest automaker and No. 4 in the U.S., added the brand in 2003 in California and expanded it nationally last year.

Scion sells the xA hatchback, xB wagon and tC coupe. Base prices for the three models range from $13,045 to $17,515, thousands of dollars below the current average transaction price for a new vehicle of $24,520, according to Bandon, Oregon-based CNW Marketing Research.

Consumers are buying Scion vehicles with between $700 and $1,000 in accessories, Templin said. Because Toyota offers essentially no cash or financing incentives, Scion is already profitable, he said without elaborating.

The Toyota City, Japan-based company's U.S. shares dropped 81 cents to $72.01 in New York Stock Exchange composite trading at 4:17 p.m. They have fallen 12 percent this year.

http://www.bloomberg.com/apps/...=asia

Tiger Styles · 06-22-2005, 10:03 PM

Those stats arent suprising. Lately ive been seeing more and more Scions on the road when im out. My girl is planning on getting a tC. Theyre pretty good cars IMO. I like this one though...
I wouldnt buy it for myself, but if i were going to get a 'mini-van' style vehicle it would be this one...the Scion t2B.

alf · 06-23-2005, 10:39 AM

nice t2b, seen it, looks awesome, cant wait to see em in person, scions are great reliable cars. kudos.

Toastr · 06-23-2005, 11:36 AM

Quote:

Originally Posted by alf

nice t2b, seen it, looks awesome, cant wait to see em in person, scions are great reliable cars. kudos.

Just don't drive through Pasadena at 40 in a 50 on Tanabe's with 36k miles on the clock... There's a particularly nasty pothole/bump combination out there on Red Bluff near 225 that will destroy your CV joints.

I'm looking forwards to seeing the production version of the t2b... I wonder how many features will be on the production model.

anil · 07-20-2005, 03:13 PM

it will own the honda element!

DJ MIK ONE · 07-22-2005, 02:46 AM

Dam Scion already has HIP HOP ON LOCK

06-22-2005, 08:24 AM	#1
zerinVR6 Automotive News Guy Join Date: Jan 2003 Location: Cypress, TX Posts: 2,153 Car: '05.5 Audi A4 2.0T Quattro and Various Press Cars iTrader: (0)	Bloomberg: Toyota Can't Build Scions Fast Enough June 20 (Bloomberg) -- Toyota Motor Corp.'s Scion raised its 2005 U.S. sales forecast to 140,000 vehicles as the two-year-old brand, added to attract younger buyers, accounts for a majority of the automaker's growth. Sales through May more than doubled from a year earlier to 62,003 and are on pace to reach almost 150,000 for the year. Mark Templin, manager of the brand, said production capacity will hold down the annual growth. Scion in January forecast annual sales of at least 120,000. ``Unless something changes between now and the end of the year we will not have the production to be able to sell 150,000 cars,'' Templin, 44, said in a phone interview today from Toyota's U.S. sales base in Torrance, California. ``We think that we have the potential to do around 140,000.'' Scion at that level would rise 41 percent from last year's 99,259. Its growth this year through May accounted for just over half of Toyota's 10 percent increase in U.S. sales. Toyota, Japan's largest automaker and No. 4 in the U.S., added the brand in 2003 in California and expanded it nationally last year. Scion sells the xA hatchback, xB wagon and tC coupe. Base prices for the three models range from $13,045 to $17,515, thousands of dollars below the current average transaction price for a new vehicle of $24,520, according to Bandon, Oregon-based CNW Marketing Research. Consumers are buying Scion vehicles with between $700 and $1,000 in accessories, Templin said. Because Toyota offers essentially no cash or financing incentives, Scion is already profitable, he said without elaborating. The Toyota City, Japan-based company's U.S. shares dropped 81 cents to $72.01 in New York Stock Exchange composite trading at 4:17 p.m. They have fallen 12 percent this year. http://www.bloomberg.com/apps/...=asia __________________ Zerin Dube Managing Editor / Photographer dubspeedMedia Your Source For The Latest Automotive News, Motorsports and Event Coverage http://www.speedsportlife.com

Thread Tools
Show Printable Version Email this Page
Rate This Thread
Rate This Thread:

06-22-2005, 10:03 PM	#2
Tiger Styles LETS START THE SHOW!!! Join Date: May 2003 Location: 5th & Fashion Posts: 7,721 Car: 1998 Honda Civic EX iTrader: (0)	Those stats arent suprising. Lately ive been seeing more and more Scions on the road when im out. My girl is planning on getting a tC. Theyre pretty good cars IMO. I like this one though... I wouldnt buy it for myself, but if i were going to get a 'mini-van' style vehicle it would be this one...the Scion t2B.

06-23-2005, 10:39 AM	#3
alf www.europeanag.com Join Date: May 2004 Location: The Gulfgate Posts: 24,103 Car: 10 GTI & 09 Wolfsburg iTrader: (34)	nice t2b, seen it, looks awesome, cant wait to see em in person, scions are great reliable cars. kudos.

07-20-2005, 03:13 PM	#5
anil H-Town Till I Stay Down! Join Date: Mar 2004 Location: Litchfield Park, Arizona Posts: 260 Car: iTrader: (0)	it will own the honda element!

07-22-2005, 02:46 AM	#6
DJ MIK ONE CaptinofDScionPeople Join Date: Jun 2004 Location: SW HOUSTON SWAT Posts: 103 Car: Scion XB RS GREEN iTrader: (0)	Dam Scion already has HIP HOP ON LOCK