Toyota sells millionth hybrid
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Manufacturing News, Source : The Manufacturer US
Published : 27 Jun 2007 14:53
Automotives: Toyota expects to sell quarter million in US, 2007
Toyota Motor Corporation achieved its one-millionth hybrid sale worldwide in June. Of those sales, more than half have been sold in the US—541,210 units from 2000 through April 2007.
“The cost benefit of hybrids is becoming more apparent with climbing gas prices,” said Jim Lentz, Toyota Motor Sales executive vice president. “We anticipate combined sales of Toyota and Lexus hybrids of a quarter million units in the US during calendar year 2007.”
Despite earlier concerns that decreased tax credits from the IRS would dampen hybrid demand, Toyota continues to post record hybrid sales. Calendar-year-to-date hybrid sales for TMS totaled 119,154 units, an increase of 75 percent over the same period last year.
In May, TMS posted sales of 36,101 hybrid vehicles, up 102 percent over last May. Toyota Division posted sales of 34,174 hybrids, up 121 percent over the same period last year. Lexus Division posted sales of 1,927 hybrids.
According to a recent study by the National Renewable Energy Laboratory (NREL), hybrid vehicles have saved close to 215 million gallons, or 5.1 million barrels, of fuel in the US since their introduction in 1999. Toyota is the market share leader in the hybrid segment, with 66 percent of all hybrids sold in America during that period.
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