Automotive Fleet
MenuMENU
SearchSEARCH

Toyota Makes More Hybrid Cars as Gasoline Price Rises

Toyota Motor Corp. boosted production of the Prius gasoline-electric car by a third in April, taking advantage of surging oil prices that boosted demand for fuel-efficient vehicles, according to a report on June 2 in the Bloomberg News.

by Staff
June 15, 2004
2 min to read


Toyota Motor Corp. boosted production of the Prius gasoline-electric car by a third in April, taking advantage of surging oil prices that boosted demand for fuel-efficient vehicles, according to a report on June 2 in the Bloomberg News. Production of the hybrid cars was raised to 10,000 units a month from 7,500 in central Japan's Aichi prefecture, spokesman Shigeru Hayakawa said in Tokyo. Toyota can make as many as 130,000 Prius a year with overtime, 44 percent more than its earlier production target, Hayakawa said. The $25,000 price tag on a Prius, more than 10 percent higher than a comparable car running on gasoline, is attracting more consumers after regular-grade gasoline prices rose 39 percent on average this year to $2.051 a gallon. Toyota, which has been selling hybrid cars since 1997. Prius sales more than doubled in the first four months of 2004 to 37,396 units due to demand in the U.S. and in Japan, on pace to meet its target of selling 130,000 units this year. The carmaker sold more than 120,000 Prius cars in the last six years. Toyota plans to sell 300,000 hybrid cars globally by 2006. The Prius stayed on dealer lots for an average of just six days in April, the shortest period of any model sold in the world's biggest automotive market, according to a survey by J.D. Power & Associates. The hybrid car is most popular in California. Toyota President Fujio Cho told Bloomberg in June 2003 the company plans to double its hybrid lineup to six models by about 2006, putting the gasoline-electric engines on pickup trucks and its Lexus luxury vehicles. Toyota's Lexus Division will start selling a hybrid version of the RX330 sport-utility vehicle late this year, followed by the hybrid Highlander sports-utility vehicle in early 2005. Toyota expects to sell about 50,000 units in the U.S. this year, up from its initial goal of 34,000, according to John Hanson, a spokesman at Toyota Motor Sales. Surging demand has lengthened the waiting time for U.S. customers to at least three months and up to nine months for the Prius, depending on where the model is sold.

Topics:Operations

More Operations

Automotive Fleet graphic featuring the title “Reading the Global Signals: What AI and the Energy Transition Mean for Fleets Now” in bold white text against a dark navy-blue gradient background, with a thin cyan divider and the Automotive Fleet logo at the bottom.
Operations•November 11, 2026

Reading the Global Signals: What AI and the Energy Transition Mean for Fleets Now

How can fleet managers navigate a never-ending, changing industry landscape?

Read More →
Automotive Fleet News Recap thumbnail featuring a woman in a blue sleeveless top looking toward the headline, “90% Use Telematics. Are Fleets Getting Safer?” against a dark blue background with bold red accents.
Operations•by Faith Howell•November 6, 2026

90% Use Telematics. Are Fleets Getting Safer? | AF News Recap

This week, we're breaking down which industries have the highest rates, how Jamie McKay manages 2,400 vehicles, what's happening with the 2027 fleet awards, and why software-defined vehicles could introduce new costs.

Read More →
Collage of FFC2026 roundtables
Operations•by Chris Brown•November 5, 2026

What's Best Handled by an FMC, and What's Better Done Directly?

Fleet managers continue to rely on FMCs for essential services but are taking a closer look at where working directly with suppliers can improve efficiency and responsiveness.

Read More →
Ad Loading...
Erin Gilchrist, inaugural Mike Antich Spirit of Fleet Award winner, featured in Automotive Fleet's Fleet Meets series, wearing a charcoal blazer against a white background.
Operations•by Faith Howell•November 5, 2026

Fleet Meets: Erin Gilchrist

Meet Erin Gilchrist, the inaugural Mike Antich Spirit of Fleet Award winner, as she shares insights on leadership, mentorship, the power of industry connections, and why people remain at the heart of fleet's future.

Read More →
Automotive Fleet video thumbnail featuring Jamie McKay alongside a male interviewer, with the headline “Jamie McKay Gives Fleet a Voice With Her Company’s Leadership” against a blue and black background.
Operations•by Chris Brown•November 4, 2026

How 2026 Fleet Visionary Jamie McKay Manages 2,400 Vehicles Across 37 States

How do you keep 2,400 vehicles running across 37 states? Fleet Visionary Award winner Jamie McKay shares how collaboration, flexibility, and a few simple strategies help her tackle fleet management challenges at Aptive Pest Control.

Read More →
Fleet operating costs for 2026 over image of a service center
Operations•by Chris Brown•November 1, 2026

Managing Fleet Costs in an Era of Permanent Volatility

Fleet operating costs have risen more than 20% since 2020, raising a key question: When does extending a vehicle's service life stop making financial sense?

Read More →
Ad Loading...
An Automotive Fleet podcast thumbnail
Operations•October 29, 2026

The Next Evolution of Fleet Management: Autonomous Operations

This opening keynote session at the Fleet Forward Conference highlights the future of autonomous driving for fleets.

Read More →
A picture of a transparent catalytic converter with blue text and the Automotive Fleet logo on the top.
Operations•October 29, 2026

How to Reduce the Total Cost of Risk From Catalytic Converter Theft

A stolen catalytic converter can cost fleets far more in downtime and lost productivity than in repairs. A total-cost-of-risk approach can help fleet managers quantify their exposure and prioritize theft prevention.

Read More →
AF news recap thumbnail
Operations•by Faith Howell•October 26, 2026

Personal-Use Charges Rise as Vehicle Values Fall | AF News Recap

Personal-use charges are climbing, wholesale used-vehicle values are declining, and commercial fleet sales growth is slowing. This week, we're breaking down the latest fleet data, plus how Element Fleet Management is helping Waymo prepare for its first Canadian robotaxi market.

Read More →
Ad Loading...
A transparent blue background of a hand stamping a paper is the background of text that says "What about fleet policy exceptions?" with the Automotive Fleet logo in the bottom right corner.
Operations•by Faith Howell•October 20, 2026

Here's When You Should Make an Exception to Fleet Policy

Fleet policies are designed to create consistency, but not every driver or situation fits neatly within standard rules.

Read More →