Chart Of The Day: Toyota Tacoma U.S. Sales Growth Is A Thing To Behold
In each of the last 28 months, the Toyota Tacoma has been America’s fifth-best-selling pickup truck nameplate.
One might imagine, however, that its ability to succeed in its own sub-category of small/midsize trucks would have weakened over the last ten months. With the introduction of new midsize pickup trucks from General Motors, the best-selling manufacturer of pickup trucks in America, the number of Tacoma competitors increased from one, the Nissan Frontier, to three.
Yet since the Colorado and Canyon arrived on the market, Tacoma sales have steadily increased on a year-over-year basis. Indeed, the rate of improvement has actually increased of late, as well.
Over the last three months, Tacoma sales jumped 29 percent compared with the same period one year ago. Toyota USA has twice sold more than 17,000 Tacomas in the last three months.
True, the overall pickup truck market is booming and Toyota is benefiting from added attention because of a refresh for the 2016 model year.
Meanwhile, Toyota may also be benefiting from increased attention in the category as a whole. The arrival of the Canyon and Colorado last autumn struck a chord with many potential truck buyers. Even as the two GM nameplates combine for approximately 9,400 U.S. sales per month, which didn’t exist for GM in the recent past, Toyota has added an additional 2,500 Tacoma sales per month through the first seven months of 2015.
Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.
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- Max So GM will be making TESLAS in the future. YEA They really shouldn’t be taking cues from Elon musk. Tesla is just about to be over.
- Malcolm It's not that commenters attack Tesla, musk has brought it on the company. The delivery of the first semi was half loaded in 70 degree weather hauling potato chips for frito lay. No company underutilizes their loads like this. Musk shouted at the world "look at us". Freightliners e-cascads has been delivering loads for 6-8 months before Tesla delivered one semi. What commenters are asking "What's the actual usable range when in say Leadville when its blowing snow and -20F outside with a full trailer?
- Funky D I despise Google for a whole host of reasons. So why on earth would I willing spend a large amount of $ on a car that will force Google spyware on me.The only connectivity to the world I will put up with is through my phone, which at least gives me the option of turning it off or disconnecting it from the car should I choose to.No CarPlay, no sale.
- William I think it's important to understand the factors that made GM as big as it once was and would like to be today. Let's roll back to 1965, or even before that. GM was the biggest of the Big Three. It's main competition was Ford and Chrysler, as well as it's own 5 brands competing with themselves. The import competition was all but non existent. Volkswagen was the most popular imported cars at the time. So GM had its successful 5 brands, and very little competition compared to today's market. GM was big, huge in fact. It was diversified into many other lines of business, from trains to information data processing (EDS). Again GM was huge. But being huge didn't make it better. There are many examples of GM not building the best cars they could, it's no surprise that they were building cars to maximize their profits, not to be the best built cars on the road, the closest brand to achieve that status was Cadillac. Anyone who owned a Cadillac knew it could have been a much higher level of quality than it was. It had a higher level of engineering and design features compared to it's competition. But as my Godfather used to say "how good is good?" Being as good as your competitors, isn't being as good as you could be. So, today GM does not hold 50% of the automotive market as it once did, and because of a multitude of reasons it never will again. No matter how much it improves it's quality, market value and dealer network, based on competition alone it can't have a 50% market share again. It has only 3 of its original 5 brands, and there are too many strong competitors taking pieces of the market share. So that says it's playing in a different game, therfore there's a whole new normal to use as a baseline than before. GM has to continue downsizing to fit into today's market. It can still be big, but in a different game and scale. The new normal will never be the same scale it once was as compared to the now "worlds" automotive industry. Just like how the US railroad industry had to reinvent its self to meet the changing transportation industry, and IBM has had to reinvent its self to play in the ever changing Information Technology industry it finds it's self in. IBM was once the industry leader, now it has to scale it's self down to remain in the industry it created. GM is in the same place that the railroads, IBM and other big companies like AT&T and Standard Oil have found themselves in. It seems like being the industry leader is always followed by having to reinvent it's self to just remain viable. It's part of the business cycle. GM, it's time you accept your fate, not dead, but not huge either.
- Tassos The Euro spec Taurus is the US spec Ford FUSION.Very few buyers care to see it here. FOrd has stopped making the Fusion long agoWake us when you have some interesting news to report.
Saw a thing to behold at the local dealer this weekend. The least expensive four door Tacoma on the lot was over $28,000 - not through the addition of many desirable options, rather it was a base model with Southeast Toyota fees on top of dest/del fees. The amazing thing was it had a 2.7L four cylinder (I popped the hood to verify) and claiming ALMOST 160 horses, with a FOUR(!) speed auto. It also had A/C, power windows, a radio, and... I think that was about it. This was a brand new 2015 model. Stepping up two cylinders and one trans gear jumped to well over $30,000 even before adding four-wheel drive or an SR5 option package. It appears the 2016 redesign should address the powertrain but with 100% or more of domestic full size pricing, I just don't see the appeal.
The most logical explanation for the Taco sales bump has not yet been mentioned: There was pent-up demand for mid-sized trucks pending the Colorado/Canyon debut. Once potential buyers had a look at the GM twins there was no compelling reason not to buy a Taco, ergo sales bump.