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Toyota, Lexus to build more CUVs to meet surging demand

What was the biggest takeaway from the auto industry's 2014? Besides the fact that recalls are now a sad and mostly unremarkable part of a vehicle's life, it's that you can't be a competitive, mainstream brand in the US without a really strong line of crossovers, SUVs or pickups. We saw evidence of this as recently as Monday, when Hyundai unveiled its HCD-15 Santa Cruz Concept, and now we're seeing it again with Toyota. The company already has a comprehensive lineup of both mainstream and luxury CUVs and SUVs, although surging demand – sales were up 16 percent last year, Bloomberg reports – has led the company to increase its production tempo at the plants responsible for the RAV4 and Lexus RX. "The freeze is still in place until the end of March of 2016," Toyota's Jim Lentz told Bloomberg during this week's Detroit Auto Show, referencing the production bump at the Japanese and Canadian factories responsible for the models. "That hasn't changed. All indications are that it will lift, but right now it has not lifted." The increased sales are even spurring the brand to consider additional CUVs, including a compact that would slot in below the RAV4, Lentz told the business publication. Such a move would give Toyota a player in an increasingly competitive and important segment. In 2014 alone, mainstream brands, including Honda, Mazda, Chevrolet and Jeep, have announced brand new products destined for the compact CUV market. "We're going to have to look at how the market under RAV4 develops," Lentz told Bloomberg. "There's no question that it's going to. That's going to be the next growth spurt." Related Video:

Toyota tops Kelley Blue Book's Resale Value Awards

Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren't too surprised to see the list dominated by Japanese automakers - mainly Toyota and Honda. KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB's Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards, and there were many similarities between both lists, especially when it came to Toyota.
To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche (Cayenne and Panamera) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it's that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt, respectively.
The overall top 10 models for the best resale value in 2013 are, in alphabetical order:

Lexus reveals more photos of its future electric sports car

Lexus previewed its Electrified Sport late last year amongst a gaggle of other EVs the company says is coming by 2030. However, photos of the two-door sports car were in short supply back then. That changes today. Now, you can see the battery electric sports car in all its glory with a number of images from different angles, in a fresh batch released by Lexus. Unfortunately, the new images are not accompanied by new information. This means we’re still dealing with the same set of details Lexus provided a couple of months ago. The EV is predicted to have a 0-60 mph time in the mid-2-second range, and its total range is going to be greater than 430 miles. The latter part of that spec breakdown is reliant on the use of solid-state batteries, so weÂ’ll just have to wait and see if that tech comes to fruition by the time this sports car launches. As for the photos, weÂ’re just as entranced by this Lexus as we were before. ItÂ’s meant to revive “the spirit of the iconic Lexus LFA,” and its two-door coupe body style with the extra-long hood is certainly working in our eyes. We canÂ’t be sure how much of this conceptÂ’s design will reach production, but if the final car looks like this, itÂ’s going to be a stunner. LexusÂ’ recent track record on two-door luxury sports cars has us thinking positively, too — just look at the LC 500 as proof. More details on the car and its timing are likely a long way out at this point, but at least there are some pretty pictures to look at in the meantime. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.