2010 Toyota Corolla Le Sedan 4-door 1.8l on 2040-cars

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Toyota Prius sales could come up short in 2013

A Toyota executive has said that the automaker's hybrid Prius model may not reach its 2013 goal of selling 250,000 units in the US marketplace. Bill Fay, group vice president for Toyota's US sales, told Reuters, "The 240,000 to 250,000 range is kind of where we're settling our sights for the Prius family."
The first-generation Prius, a five-passenger model, was introduced to the States in 2001 (its arrival made it the second mass-produced hybrid, after the two-seat Honda Insight). The second-generation model arrived in 2004, followed by the current third-generation design that arrived for the 2010 model year. The automaker has subsequently added the Prius V, a hatchback wagon (shown above) and the Prius C, a subcompact hatchback. As of March, 2013, cumulative worldwide sales of the Prius had reached 3.67 million units.
Last year, Toyota sold 236,659 Prius models in the US. However, sales of the model have fallen 5.1 percent in the first six months of 2013. In response, the automaker has boosted its marketing for the model, and the promotions are expected to continue through at least July.

This '59 Cadillac is now on display at Toyota's museum in Japan

The Toyota Automobile Museum is different from a lot of other automaker collections in one very interesting way: It doesn't focus solely on Toyota's own automobiles. While the home team is certainly well represented, the love is spread to plenty of non-Toyota brands and vehicles that are significant to automotive history. And that permanent collection now includes the 1959 Cadillac Eldorado Biarritz convertible you see here. Yes, the '59 Caddy has the biggest tail fins ever, which makes it measurably significant. You still wouldn't expect to see it in a museum in Japan, though. After updates to the facility and its exhibits finish early next year, the 67-vehicle collection will also include such greats as a Renault 5 (known here as the Le Car), a '64 Ford Mustang, an Audi Quattro, a first-gen Honda Insight, and a Lotus Elite. Someone over there has good taste. You can visit the Toyota Automobile Museum the next time you're in Nagakute City, which is right outside Nagoya. We're booking our tickets now. Related Video: Cadillac Toyota Automotive History cadillac eldorado

How new car shortages may impact your buying experience

If you want further proof that the auto industry is bouncing back, look no further than the empty lots and forecourts of your local dealership. According to a story by The Wall Street Journal, continued high demand for mainstream cars is overtaxing automakers' ability to produce enough models. Several dealers interviewed for the story are reporting two-week supplies as opposed to the typical two-month allocations.
With sales expected to hit 1.4 million units when August numbers arrive shortly and incentive spending down to its lowest amount since January, these limited supplies are pushing prices even higher. For example, according to the WSJ, the average price of a Ford Fusion is up past $26,000. Unfortunately, it's difficult for manufacturers to increase production quickly. If it invests in its facilities, as many manufacturers have done, it risks wasting cash if growth suddenly slows. At the same time, the momentum gained over the past several years could be short lived if vehicle supplies continue to dwindle. "Manufacturers are in a precarious situation," notes Karl Brauer, a senior director at Kelley Blue Book.
Low interest rates and a wealth of desirable features are also allowing customers to purchase more expensive vehicles while justifying their higher overall price tags, a situation that is compounding supply shortages. Even now, during the annual end-of-summer clearance season, deals on new vehicles are remarkably difficult to come by. According to the report, the Toyota Corolla is in a self-inflicted state of shortage, as Toyota clears out inventory in anticipation of the new 2014 generation arriving in dealers. Ford's supplies should rebound as Fusion production comes on line at its Flat Rock, Michigan factory. The Chevrolet Impala, Honda Odyssey, Civic, and Accord and Subaru Forester are also facing shortages.