Toyota lowers global sales targets for new model Prius amid low petrol prices

9 December 2015 06:30 pm - 0 - {{hitsCtrl.values.hits}}

A A A

REUTERS: Toyota Motor Corp yesterday lowered its global sales target for the new model of its Prius electric hybrid, as low petrol prices reduce demand for fuel-efficient cars.
The fourth-generation Prius goes on sale early next year and Toyota, the world’s biggest selling automaker, said it was now targeting average global annual sales of 300,000-350,000, the lower end of the 300,000-400,000 annual sales target for the previous model.
A Toyota spokeswoman said a decline in annual sales for the hybrid cars since 2013 was a factor behind the automaker’s decision to lower its sales target.
A near halving in global oil prices since the middle of last year, however, has cut petrol prices, prompting drivers in the world’s biggest auto market the United States and beyond to ditch fuel-efficient models for gas-guzzling sports utility vehicles.

A near halving in global oil prices since the middle of last year, however, has cut petrol prices, prompting drivers in the world’s biggest auto market the United States and beyond to ditch fuel-efficient models for gas-guzzling sports utility vehicles

U.S. petrol prices are now at seven-year lows and according to Toyota’s monthly sales records, U.S. sales of Prius series models have fallen 12 percent in the year to November from the same period last year.
The new model Prius went on sale in Japan yesterday, starting at 2.43 million yen (US $ 19,807.63) or about 19 percent more than the previous model. It will be launched in North America and Asia in January and in Europe in February.
Toyota dominates the gasoline-hybrid car market, making eight million of the more than nine million gasoline-fuelled vehicles on the road globally. Roughly four million of those are Priuses.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Toyota lowers global sales targets for new model Prius amid low petrol prices

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Sri Lankan among NASA’s new crew for next simulated Mars journey

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

Two racing drivers arrested over Fox Hill tragedy

New Visa procedure implemented

Racing event tragedy leaves seven dead including eight-year-old child

Former MP Palitha Thewarapperuma dies from electrocution

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

SL took minimal steps to punish officials who committed human rights abuses: US report

Iranian President’s visit Sri Lanka withstands western pressure

25 tons of solid waste disposed along Sri Pada route

Temperature rises to ‘Caution’ level

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident

Indian cricket manager indicted for Legend Cricket League match-fixing allegations