Market Overview

Hybrid Vehicle Sales Continue to Grow, Toyota Canada Inc. Reports

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  • TCI truck sales stay strong, up 2.7%
  • TCI overall sales down 1.3% compared to February 2017

TORONTO, March 1, 2018 /CNW/ - With 1,183 hybrid vehicles sold across Canada during the month of February, up 20.1% compared to 2017, Toyota Canada Inc. (TCI) is seeing consumer demand for electrified vehicles continue to grow.

TCI's strong hybrid sales were led by the Toyota Camry Hybrid (with sales up 143.1% versus February 2017), the Toyota Prius (up 101.7%), the luxury Lexus NX Hybrid (up 85.7%), and the Toyota Highlander Hybrid (up 20%).

TCI experienced a slight decrease in overall sales during the month of February with 13,236 units sold, down 1.3% compared to 2017.  The Toyota division reported sales of 12,090 units, up 0.9% compared to February 2017, and the Lexus luxury division recorded 1,146 vehicles sold, down 19.3% compared to last February.

Demand for trucks continues into 2018

TCI also continued to see truck sales climb in 2018 with 8,442 units sold, up 2.7% compared to 2017.  This was led by a record February for both Toyota Tacoma (1,022 units, up 33.2%) and Lexus NX sales (410 units, up 2.5%). Sales of the Toyota Tundra were also up last month (743 units, up 65.5%).

February Sales Highlights

  • TCI hybrid vehicle sales of 1,183 units, up 20.1%
  • Toyota Camry Hybrid sales of 175 units, up 143.1%
  • Toyota Prius sales of 242 units, up 101.7%
  • Toyota Highlander Hybrid sales of 108 units, up 20%
  • Toyota Tacoma sales of 1,022 units, up 33.2% (new February record)
  • Toyota Tundra sales of 743 units, up 65.5%
  • Lexus NX sales of 410 units, up 2.5% (new February record)

About Toyota Canada Inc.
Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota and Lexus vehicles. Toyota has sold over 5 million vehicles in Canada through a national network of 287 Toyota and Lexus dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability in the vehicles Canadians drive and the service they receive. TCI's head office is located in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax and parts distribution centres in Toronto and Vancouver. Toyota operates two manufacturing facilities in Canada. Having produced more than seven million vehicles, popular Canadian models built at these facilities include Toyota RAV4, Toyota Corolla, Lexus RX 350 and RX 450h hybrid.

SOURCE Toyota Canada Inc.

View original content: http://www.newswire.ca/en/releases/archive/March2018/01/c5921.html

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