.
A small number of new 2007 Tundras have had premature camshaft failure (the camshaft controls the opening of intake and exhaust valves; Tundras use four cams per engine). So far, twenty known cases of the problem exist. Toyota has isolated the problem and believes that the number of affected vehicles will be very small; the company is replacing the entire engines of affected vehicles.
Scion has announced the new xD model, due in August 2008; the Scion xD is shown at Toyoland, with specifications and other information.
Toyota, whose fiscal year ended March 31, announced record sales of 24 trillion yen, or about $200 billion, a 14% increase over the prior fiscal year. Operating income increased by 19% and net income increased by 20%, setting record highs. Net income totalled $1.7 billion for this fiscal year.
Toyota has recalled 533,000 trucks and SUVs to replace the ball joints. Though Toyota had denied having problems in the Tundra and Sequoia, it now appears that their research has found reasons for the eleven reported crashes. Covered are 2004-2007 Sequoias and 2004-2006 Tundras; the new Tundra does not appear to be affected. 533,000 vehicles are covered by the recall.
Toyota remains the healthiest of the Big Four auto companies, but sales fell by 4.3% (not adjusting for daily selling rates) from April 2006. While Scion sales fell dramatically – xA down 53%, xB down 78%, tC down 10% – volume of these vehicles is comparatively low. The major shortfalls were in the Corolla (down nearly 3,000 cars) and in the SUVs, with FJ down 12%, 4Runner down 18%, and Land Cruiser down 19% (the percentage change are all based on daily selling rates, which means that actual numerical losses were higher). However, there were substantial gains in the Prius (72%), ES (54%), LS (222%), RAV4 (13%), and Tundra (74%). Camry sales rose 2% when adjusted for daily selling rate, but the actual loss was over 2,000 vehicles compared with 2006.
Overall, Toyota is still ahead of 2006 year-to-date (January through April), and is still gaining market share over GM and Ford.
| April, 2007 | ||||||
| —– JUST APRIL —– | – CALENDAR YEAR TO DATE – | |||||
| DSR %* | DSR %* | |||||
| 2007 | 2006 | CHG | 2007 | 2006 | CHG | |
| YARIS | 7,232 | 6,393 | 22.6 | 26,418 | 7,732 | 241.7 |
| COROLLA | 32,289 | 36,155 | -3.3 | 120,484 | 118,442 | 1.7 |
| CAMRY | 37,911 | 40,203 | 2.2 | 143,774 | 133,978 | 7.3 |
| AVALON | 5,791 | 8,239 | -23.9 | 25,426 | 30,782 | -17.4 |
| PRIUS | 13,056 | 8,234 | 71.8 | 52,738 | 30,357 | 73.7 |
| SCION xA | 1,454 | 3,331 | -52.7 | 6,799 | 10,494 | -35.2 |
| SCION xB | 1,173 | 5,678 | -77.6 | 9,673 | 18,648 | -48.1 |
| SCION tC | 5,333 | 6,435 | -10.2 | 20,426 | 22,658 | -9.9 |
| TOTAL TOYOTA DIV. PASS. CAR | 104,239 | 114,670 | -1.5 | 405,740 | 373,113 | 8.7 |
| ES 350 | 6,544 | 4,603 | 54.0 | 24,594 | 15,390 | 59.8 |
| LS 460 | 3,182 | 1,071 | 221.9 | 11,745 | 4,617 | 154.4 |
| SC 430 | 341 | 579 | -36.2 | 1,295 | 1,963 | -34.0 |
| GS 300 | 1,701 | 1,963 | -6.1 | 6,365 | 7,638 | -16.7 |
| GS 430/450h | 186 | 373 | -46.0 | 739 | 1,208 | -38.8 |
| IS 250/350 | 4,363 | 4,715 | 0.2 | 16,772 | 17,880 | -6.2 |
| TOTAL LEXUS PASS. CAR | 16,317 | 13,304 | 32.9 | 61,510 | 48,696 | 26.3 |
| TOTAL TOYOTA PASS. CAR | 120,556 | 127,974 | 2.1 | 467,250 | 421,809 | 10.8 |
| SIENNA | 12,773 | 13,912 | -0.5 | 47,732 | 54,302 | -12.1 |
| RAV4 | 14,495 | 13,854 | 13.3 | 55,900 | 47,798 | 17.0 |
| FJ CRUISER | 4,587 | 5,649 | -12.0 | 20,632 | 8,433 | 144.7 |
| 4RUNNER | 7,093 | 9,406 | -18.3 | 31,030 | 37,331 | -16.9 |
| HIGHLANDER | 10,122 | 10,712 | 2.4 | 41,505 | 40,115 | 3.5 |
| LAND CRUISER | 191 | 255 | -18.9 | 873 | 1,140 | -23.4 |
| SEQUOIA | 1,991 | 2,771 | -22.2 | 8,929 | 11,839 | -24.6 |
| TOTAL SUV | 38,479 | 42,647 | -2.3 | 158,869 | 146,656 | 8.3 |
| 4X2 TACOMA | 8,813 | 9,109 | 4.8 | 35,840 | 33,808 | 6.0 |
| 4X4 TACOMA | 5,958 | 6,111 | 5.6 | 25,259 | 23,219 | 8.8 |
| TOTAL TACOMA | 14,771 | 15,220 | 5.1 | 61,099 | 57,027 | 7.1 |
| TUNDRA | 14,200 | 8,837 | 74.1 | 43,386 | 40,662 | 6.7 |
| TOTAL PICKUP | 28,971 | 24,057 | 30.5 | 104,485 | 97,689 | 7.0 |
| TOTAL TOYOTA DIV. LT TRUCK | 80,223 | 80,616 | 7.8 | 311,086 | 298,647 | 4.2 |
| LX 470 | 240 | 507 | -48.7 | 1,066 | 1,992 | -46.5 |
| GX 470 | 1,577 | 1,978 | -13.6 | 6,816 | 8,071 | -15.5 |
| RX 350/400h | 7,861 | 8,890 | -4.2 | 30,094 | 34,297 | -12.3 |
| TOTAL LEXUS LIGHT TRUCK | 9,678 | 11,375 | -7.8 | 37,976 | 44,360 | -14.4 |
| TOTAL TOYOTA LIGHT TRUCK | 89,901 | 91,991 | 5.9 | 349,062 | 343,007 | 1.8 |
| TOTAL TOYOTA DIV. | 184,462 | 195,286 | 2.3 | 716,826 | 671,760 | 6.7 |
| TOTAL LEXUS | 25,995 | 24,679 | 14.1 | 99,486 | 93,056 | 6.9 |
| TOTAL TOYOTA | 210,457 | 219,965 | 3.7 | 816,312 | 764,816 | 6.7 |
| MEMO: | ||||||
| DOM. COROLLA | 28,352 | 30,769 | -0.2 | 106,896 | 104,819 | 2.0 |
| DOM. CAMRY | 33,538 | 34,299 | 5.9 | 115,792 | 117,476 | -1.4 |
| DOM. PICKUP | 28,971 | 24,057 | 30.5 | 104,485 | 97,689 | 7.0 |
| DOM. RX 350 | 6,044 | 5,361 | 22.1 | 21,273 | 20,669 | 2.9 |
| SELLING DAYS | 24 | 26 | 101 | 101 | ||
| TOYOTA DIV. IMPORT CAR | 36,558 | 41,363 | -4.3 | 157,626 | 120,036 | 31.3 |
| LEXUS IMPORT CAR | 16,317 | 13,304 | 32.9 | 61,510 | 48,696 | 26.3 |
| TOYOTA DIV NA BUILT CARS | 67,681 | 73,307 | 0.0 | 248,114 | 253,077 | -2.0 |
| TOTAL TOYOTA CARS | 120,556 | 127,974 | 2.1 | 467,250 | 421,809 | 10.8 |
| TOYOTA DIV. IMPORT LT TRUCK | 36,488 | 39,876 | -0.9 | 149,940 | 134,817 | 11.2 |
| LEXUS IMPORT LT TRUCK | 3,634 | 6,014 | -34.5 | 16,703 | 23,691 | -29.5 |
| TOYOTA DIV NA BUILT LT TRUCK | 43,735 | 40,740 | 16.3 | 161,146 | 163,830 | -1.6 |
| LEXUS NA BUILT LT TRUCK | 6,044 | 5,361 | 22.1 | 21,273 | 20,669 | 2.9 |
| TOTAL TOYOTA LT TRUCK | 89,901 | 91,991 | 5.9 | 349,062 | 343,007 | 1.8 |
| SPORT UTILITY VEHICLES | 43,570 | 48,373 | -2.4 | 176,213 | 182,583 | -3.5 |
| Memo: Lexus Sport Utility | 9,678 | 11,375 | -7.8 | 37,976 | 44,360 | -14.4 |
| SMALL VANS | 12,773 | 13,912 | -0.5 | 47,732 | 54,302 | -12.1 |
| PICKUPS | 28,971 | 24,057 | 30.5 | 104,485 | 97,689 | 7.0 |
| * NORTH AMERICAN BUILT VEHICLES | ||||||
| COROLLA | 28,352 | 30,769 | -0.2 | 106,896 | 104,819 | 2.0 |
| CAMRY | 33,538 | 34,299 | 5.9 | 115,792 | 117,476 | -1.4 |
| AVALON | 5,791 | 8,239 | -23.9 | 25,426 | 30,782 | -17.4 |
| SIENNA | 12,773 | 13,912 | -0.5 | 47,732 | 54,302 | -12.1 |
| PICKUP | 28,971 | 24,057 | 30.5 | 104,485 | 97,689 | 7.0 |
| SEQUOIA | 1,991 | 2,771 | -22.2 | 8,929 | 11,839 | -24.6 |
| RX 350 | 6,044 | 5,361 | 22.1 | 21,273 | 20,669 | 2.9 |
| TOTAL | 117,460 | 119,408 | 6.6 | 430,533 | 437,576 | -1.6 |
| N.A. VEHICLES % OF TOTAL | 55.8% | 54.3% | 52.7% | 57.2% | ||
| SELLING DAYS | 24 | 26 | 101 | 101 | ||
| DSR = DAILY SELLING RATE | ||||||
* Based on daily selling rates – the number of days in the month without holidays or Sundays.
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