Media reports citing Subaru of Indiana Automotive Inc. executive vice president, Tom Easterday say that Toyota will stop having Subaru build Camrys for sale in North America at SIA’s Lafayette, Indiana assembly plant when the current five year contract expires in 2017. “Based on changes in Toyota’s production plans, they have decided that the award-winning Camry production contract will not be renewed,” the Louisville Journal & Courier quoted Easterday as saying. Toyota declined comment. Subaru’s parent company Fuji said no decisions have been made and that it had nothing official to announce. Subaru has been building Camrys for Toyota in Indiana since 2005. (Read More…)
Tag: toyota camry
One blah Monday morning, you’re commuting to the anonymous office park some 90 minutes away from the bedroom community you call a home in your equally anonymous Toyota Camry Hybrid, listening to yet another story about Congress kicking cans down roads and/or some wacky antics your favorite DJs had the past weekend while you take another swig of that mermaid-branded caffeinated goodness.
With the Flat Rock assembly plant on the cusp of sending cars to dealerships, the Ford Fusion could potentially sell 300,000 units this year, becoming the first car nameplate from Ford to cross that mark in a decade. But to catch the best-selling Toyota Camry, Ford will have to have capacity for 400,000 units – something that could happen as early as 2014.
Toyota, which faces increased competition for its midsize Camry in the heart of the U.S. car market, says that it will try to hold the line on prices and incentives while still trying to keep bragging rights as the best selling car in America. At the same time, Ford is ramping up production of the Fusion, which is in short supply, and will be trying to keep transaction prices high as it increases supply. (Read More…)
0% financing for 60 months. Up to $2,000 in dealer rebates, most of which winds up going into customers’ pockets. Rental lines bulging with high-trim sedans as dealers desperately attempt to shovel away product and make room for truckloads of new arrivals. Savvy shoppers are shaving three, four, and even five grand off of MSRP as average transaction prices land in the basement for the class. Despite massive inflows of manufacturer cash, sales volume stagnates and declines as competitors grab more and more market share. All in merely the second model year of Toyota’s marquee product, a legendary nameplate with a (supposedly) loyal customer base and years of carefully-crafted reputation. What, pray tell, is going on here?
Seven hundred and twenty bucks. Not much money by today’s standards. Won’t buy you an American-made Fender Strat or a Hickey-Freeman suit. Won’t quite buy you a 32GB iPad with a cellular connection. Maybe ten days’ worth of rent in one of those new Manhattan micro-units. In the America of 2013, $720 is chump change.
But if you’re in the market for a new family sedan, and you can come up with $720, you’ll be glad you did. Because that’s the difference in the price between the Camry SE, which is one of my favorite cars at the moment, and the Camry LE, which isn’t, not quite.
This year’s sales race in the mid-size segment is one of the most competitive in recent memory. 5 of the top 10 best-selling cars in America are mid-sizers, and automakers are pulling out all the stops in an effort to unseat the Toyota Camry from its standing as America’s best-selling car. But Toyota isn’t going down without a fight.