Toyota sets Prius sales record on bigger lineup, gas prices

Toyota Motor’s US sales of Prius hybrids reached a record in March and in the first quarter, propelled by higher gasoline prices and two additions to the Prius lineup.

Toyota, the largest seller of gasoline-electric autos, sold more than 25,000 units of the Prius “family” now comprised of a plug-in Prius and c subcompact, along with the original hatchback and v wagon, Bob Carter, group vice president of US sales, said in an e-mail. The previous monthly best for Prius was May 2007, when it delivered 24,009 units.

“Fuel economy remains a top purchase consideration among consumers, and we are pleased with the continued response to Toyota’s lineup,” Carter said in the e-mail.

The fast start for the world’s top-selling alternative powertrain car keeps Toyota on track to meet a goal of 220,000 Prius sales in the US this year, up from 136,463 in 2011. Prius accounts for half of US hybrid sales, and a shortage of the car last year due to Japan’s earthquake and tsunami cut industry wide deliveries of hybrids to about 273,000 units from about 275,000 a year earlier, according to data compiled by Bloomberg.

Hybrid sales typically track the cost of gasoline, rising in line with pump price increases. Regular grade gasoline cost an average of $3.93 (3AGSREG) a gallon on April 1, up from $3.28 at the end of last year, according to AAA’s Daily Fuel Gauge.

First-quarter record

Prius and the Prius c are rated as delivering an average of 50 miles (80 kilometers) per gallon in combined city and highway driving by the US Environmental Protection Agency. The Prius v wagon averages 42 mpg and the plug-in Prius, able to go as far as 15 miles on electricity alone, is rated as getting 95 mpg- equivalent when drivers frequently recharge the lithium-ion battery pack, according to the EPA.

First-quarter Prius sales topped 57,000, based on the company’s estimate for March. The model’s best previous quarter was April-June 2007, said Celeste Migliore, a spokeswoman for the company’s US sales unit in Torrance, California.

Toyota and other automakers will report complete sales results for March tomorrow. The Toyota City, Japan-based company may report a 15 percent increase in sales from a year ago, the average estimate of seven analysts surveyed by Bloomberg News.

Like this content? Join our growing community.

Your support helps to strengthen independent journalism, which is critically needed to guide business and policy development for positive impact. Unlock unlimited access to our content and members-only perks.

Terpopuler

Acara Unggulan

Publish your event
leaf background pattern

Transformasi Inovasi untuk Keberlanjutan Gabung dengan Ekosistem →