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Toyota officially outsells GM, VW through first three quarters
Tue, 29 Oct 2013When it comes to global vehicle deliveries, the term "Big Three" doesn't apply to Ford, Chrysler and General Motors, but instead Toyota, GM and Volkswagen - in that order - through the third quarter of 2013. Toyota sold 7.41-million vehicles through the third quarter and is on track to deliver more vehicles this year than GM and VW, which sold 7.25-million and 7.03-million, respectively, through the same period, Bloomberg reports.
During the third quarter, from July to September, Toyota's 2.5-million deliveries helped to push it higher than its closest competitors this year. In that period, GM delivered 2.4-million vehicles while VW posted 2.33-million deliveries.
Part of the reason behind Toyota's and other Japanese automakers resurgence globally is the weakened yen, which can be attributed to policies made by Prime Minister Shinzo Abe since he took office in December 2012. Many refer to those monetary easing policies as 'Abenomics,' which has led some, such as Ford, to call Japan a currency manipulator and is a big reason why the US is lobbying to oppose Japan's entry into the Trans-Pacific Partnership (TPP).
Toyota takes self-driving step with patent for eyelid detection device
Mon, Mar 23 2015With the rise of smartphones and more advanced auto infotainment systems, combatting distracted driving is a growing concern. One day, fully autonomous vehicles could end the problem, but that solution is still at best years away for consumers. Until then, automakers are working to make the tech safer, and one way to do that is monitoring drivers' eyes to make sure they're paying attention. With a recent patent, Toyota thinks it can make the tracking work even better. In Japanese brand's patented solution, a camera constantly monitors the driver's upper and lower eyelids and uses the data to calculate how open the eyes are. The company admits systems like this already exist elsewhere, but they can sometimes return false results by detecting redeye instead of the location of a person's actual eyeball. To fix this, the automaker adds a further step to search for redeye. If it occurs where skin is already assumed to be, then the system can go back to tracking the accurate location of the eye. Toyota doesn't specify how it might use this technology, but more accurate data would always be useful. The company wouldn't be the first automaker to work on implementing eye detection, either. For example, General Motors has a pilot program using it to monitor distraction, and Jaguar Land Rover watches a driver's peepers to create the 3d image for its Virtual Windscreen. Related Video:
Toyota Camry incentives and fleet sales cranked to keep sales crown, insiders worried
Mon, 01 Jul 2013We've been watching for some time now as Toyota has piled more incentives on the hood of its Camry sedan, and Automotive News reports that the we're not the only ones with raised eyebrows. The current Camry hasn't even been on the market for two years, but the family sedan segment is more hotly contested than it has been in years. It's that high level of competition that has led the automaker to uncharacteristically add more money on the hood in order to assure it maintains its long-held title of America's Best-Selling Car, a mantle it has owned for a dozen years. It's ramping up fleet sales, too.
According to the analysts at TrueCar, Toyota has bumped incentives per unit every month this year, now totaling some $2,750 as of May, a 38-percent hike over this time last year. That's more spiff money than the segment's other best sellers, the Nissan Altima ($2,400), Ford Fusion ($2,300) and Honda Accord ($1,400), all of whom have actually decreased their incentive spend by 20- to 40-percent over the same period.
The ramp up in incentive spending and fleet sales has analysts concerned that Toyota will tarnish the Camry's historically sterling resale value. ALG pegs the 2013 Camry's current 36-month residual value at 54.4 percent, well ahead of the segment average's 50.9 percent (but shy of the Accord's 55.6 percent). However, analysts are concerned that as the current generation ages, their resale values will eventually plummet if incentives continue to increase as Toyota looks to keep the Camry's best-selling car crown going forward.
