This info came my way via member umpqua
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
This site may earn a commission from merchant affiliate
links, including eBay, Amazon, Skimlinks, and others.
I saw this last week. A journalist for Motor Trend wrote an opinion piece about how few Land Cruisers are sold by Toyota, how most buyers looking for luxury SUVs would just buy the Lexus version, and Toyota would end up just selling the Lexus only. Every two bit automotive blog picked it up and said Toyota was cancelling production for the US. I saw the same thing a year or so ago.
I'll believe it when I see it.
It's a garbage article and he has nothing to lose by printing it.
Economics: Toyota sells roughly $270,000,000.00 per annum of new LC's. This is no small number, even for Toyota.
Business Tactic: Before you kill your products you have to replace the revenue with other products. The Sequoia buyer and LC buyer are two different demographics.
Sequoia: If the assumption is that the LC buyer will buy the Sequoia to make up for those sales the speculator doesn't understand the psychographics of the demographics. The LC buyer rarely considers the Sequoia as a fungible alternative. Buying a new LC is a statement, buying a Sequoia is a value decision.
Competition: The EV is not a factor with LC's, it's a variable more so for the Camry. The argument that EV's are taking market share is specific to smaller SUV's and cars.
Range Rover, Mercedes, VW (Audi, Taureg), Nissan, Ford, GM, etc., are not exiting the market due to EV's. In fact, there are more expensive, less fuel effecient SUV's popping up, not leaving. Lamborghini makes the Urus, Bentley makes the Bentagya thing, Rolls Royce has a hideous thing called a Cullinan.
Market Share: The best way to lose market share is to eliminate a line extension that provides so much brand equity. The LC requires very little advertising and yet provides a lot of earned media, we love to talk about: reliability, quality, engineering, performance, service, capability, etc. This speaks to all Toyota's line extensions. Toyota would not only lose market share in SUV's (4 Runners, Sequoia's, etc.) but in other products as well. What a gift to Mercedes, Range Rover, Nissan, GM, etc.
Pricing: Pricing always only goes one way, down. If Toyota eliminates the LC the pricing of its most expensive line extension would then be what? A Supra at $50k? The LC keeps them in the Premium pricing range, this supports all their other pricing models.
The author is speculating. Now, if the author said they were going to bring back a more robust version of the FJ Cruiser (bigger, more room, etc.) and get rid of the LC I might be inclined to believe it, but that would be basically building the LC. It's a garbage article and he has nothing to lose by printing it.
Zona
Guessing the $270 million is is world sales not US market. Believe the talk dropping the 200 series LC and only sell the Lexus version. Sequoia is basically a single design vehicle sold mainly in the US. As far as I know all are made here in the US. I do agree in the US the LC buyer and Sequoia buyer are different. But that not the same for a LX570 and LC buyer. Think moving the grill away from what most Lexus grill look like would help.
Everyone talks about how they'd buy a 70 series in a heartbeat. Have you been in one? They are spartan on the inside. Take virtually every creature comfort developed over the past 20 years and change it out with nothing but hard plastic. An 80 interior is luxurious in comparison. Again, are you going to buy a new one or wait for the used market to open up?
Yep would buy one. Would feel luxo compared to my two 40’s. It is all relative. If the Pro had an option for solid front axle I would have chosen it! Needed something new, previous Tundra had 408K miles, what a beast!!!Supposedly sell on average 2500-3500 new LCs each year, which is an incredibly tiny amount.
Most of us on Mud drive Cruisers that are at least 10-15 years old. How many of us own new Cruisers or are even realistically thinking of purchasing a new one? Toyota only cares about sales of new cars.
Everyone talks about how they'd buy a 70 series in a heartbeat. Have you been in one? They are spartan on the inside. Take virtually every creature comfort developed over the past 20 years and change it out with nothing but hard plastic. An 80 interior is luxurious in comparison. Again, are you going to buy a new one or wait for the used market to open up? They won't sell for less than $20k new, which seems to be the max price point for most of us.
The most advertising I've ever seen for a Land Cruiser is the new Heritage edition 200 series. Most of us complained that a premium price was tacked on for bronze wheels, badging, and losing the jump seats. I don't see a lot of those being sold to enthusiasts either.