Yaris Import Crash The First of Many Tough Choices for Toyota — Panjiva


Yaris Import Crash The First of Many Tough Choices for Toyota

Belgium 16 Cons. Discr. - Autos 664 Japan 382 Tariffs 1175 Trade Deals 703 U.S. 3310 USMCA 374

Toyota has started to rationalize its model offerings in the U.S. market in response to declining auto sales. That can be seen in global revenues that fell 2.3% on year earlier in the third quarter as well as a 1.7% drop in global production in the 12 months to Sept. 30. In particular Toyota will stop selling the Yaris sub-compact in the U.S.  That shouldn’t be a surprise after seaborne imports of the model to the U.S. fell 31.6% in the third quarter year over year vs. 2.5% for all Toyota’s models. Looking ahead Toyota’s supply chain decisions will depend on more than just sale. U....

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