Toyota Says Inventories to Grow in September for First Time Since Japan Quake
TORRANCE, CA – Toyota provided an update on its production levels and vehicle inventories as part of its August sales update. The company’s Jeff Bracken, Vice President of sales for the Toyota Division, said most of the company’s North American plants are running at maximum operating rates (including overtime). In addition, production will return to normal levels in September after running at reduced levels for months after the quake in Japan.
He added that Prius inventories are also improving, and that the company ended the month with about the same number of vehicles it had in inventory a year ago.
He also mentioned the significance of the launch of the 2012-MY Camry for the company, including the new vehicle's lower price points. The SE's MSRP is down $1,000 and the XLE down $2,000 when compared with the 2011-MY Camry.