TORRANCE, Calif., June 7 /PRNewswire/ -- Toyota Motor Sales (TMS),
U.S.A., Inc., announced the one-millionth hybrid sale today by parent
company, Toyota Motor Corporation. Of the one million hybrid sales
worldwide, more than half have been sold in the United States -- 541,210
units from 2000 through April 2007.
"The cost benefit of hybrids is becoming more apparent with climbing
gas prices," said Jim Lentz, TMS executive vice president. "We anticipate
combined sales of Toyota and Lexus hybrids of a quarter million units in
the U.S. 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
As consumers begin the summer driving season, the broad benefits of
hybrid technology reveal discernible cost-savings with strong sales of
Toyota Camry Hybrid and Toyota Prius. When comparing real-world hybrid
transaction prices to non-hybrid prices and taking into account current
rising fuel prices, Toyota hybrids show their remarkable value as estimated
in the chart below.
HYBRID PREMIUM PAYBACK
(National Average Gas Prices)
Prius Camry LE Hybrid Premium
True Market Value* $23,835 $22,598 $450
Potential Tax Credit
(as of 5/07) $787 NA
Annual gas cost ($3.00/gal) ** $978 $1,875 Annual fuel savings
Based on 2008 EPA ratings $897
Camry Hybrid Camry XLE Hybrid Premium
True Market Value* $25,951 $24,881 $420
Potential Tax Credit
(as of 5/07) $650 NA
Annual gas cost ($3.00/gal)** $1,323 $1,875 Annual fuel savings
Based on 2008 EPA ratings $552
* TMV based on Edmunds.com
** Based on 15,000 miles/year
Aside from the gas-savings to hybrid owners, the significant reduction
in tailpipe emissions, as well as the reduction in foreign oil dependence,
has been a factor among many buyers who say they are concerned about the
environment. 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 U.S. since their introduction in
1999. As the market share leader in the hybrid segment, Toyota accounted
for 66 percent of all hybrids sold in America during that period.
Additionally, Toyota has calculated that global sales of hybrid
vehicles have greatly contributed to reductions in CO2 emissions. Since the
introduction of Toyota's first hybrid in 1997, approximately 3.5 million
fewer tons of CO2 were emitted when comparing emissions from gas-powered
vehicles to hybrids of the same class.
Also significant to buyers who may base their next purchase on
environmental priorities are the results of recent lifecycle assessment
studies of hybrid vehicles. A variety of studies, including one from the
Argonne National Laboratory, have concluded that the total lifetime energy
use of hybrid vehicles -- from development, through production, through
on-highway use, to end-of-life recycling and landfill -- is significantly
lower than conventional vehicles.
Prius was launched in the Japan domestic market in 1997, and in the
U.S. market as a 2001-model in 2000. In 2005, the Highlander Hybrid SUV
debuted as a model year 2006. For the first time, the Toyota Camry added a
hybrid option for model year 2007.
In 2005 Lexus entered the hybrid fold with the launch of the world's
first luxury hybrid, the RX 400h luxury sport utility vehicle. Powered by
its Lexus Hybrid Drive system, the RX 400h is equipped with a 3.3-liter V6
and two electric motor generators, delivering an impressive 268 total
system horsepower while rated an EPA estimate of 32 miles-per-gallon during
city driving. The new hybrid luxury SUV has proved popular with
environmentally- conscious luxury buyers as the RX 400h has made up nearly
20 percent of all RX sales since it launched.
Lexus continued its venture into hybrids in 2006 with the launch of the
GS 450h performance luxury sedan. The GS 450h gave further proof that
hybrid technology could be used in many different types of vehicles.
The Lexus commitment to hybrid technology continues with the launch of
the all-new 2008 LS 600h L premium luxury hybrid sedan when it goes on sale
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SOURCE Toyota Motor Sales (TMS), U.S.A., Inc.