Latest News

Thursday, 7th June 2012
In Business In Japan,

Toyota Prius hits top 3 in sales charts

Japanese carmaker Toyota has achieved what it set out to do – take hybrid cars into the mass market.

In the first quarter of 2012 the hybrid car was the third highest-selling vehicleon the US market – shifting 247,230 in the three-month period, Bloomberg reported.

The Prius may have started life with a lukewarm party and poor sales figures, but increasing popularity in the US heightened by cost incentives in Japan has helped it become a major hit.

Sales of the vehicles have risen by over 100 per cent, with government tax rebates and breaks in Japan having the desired effect of stimulating sales, as buyers can now save around $2,500 on each car.

Eric Noble, president of the Californian vehicle consultancy Car Lab, told the news provider: "It proves Prius wasn't a fluke, that there's a long-term market for hybrids."

Indeed, the Prius was only behind Toyota's own Corolla which took first place (300,800 sold) and Ford's Focus which sold 277,000.

Earlier this week, the Japanese company's US arm announced that it has surpassed the one million fan mark on Facebook.

Written by Mark Smith

Related news stories:
Toyota boss faces workforce in Japan (5th March 2010)
Toyota admits further car problems (18th February 2010)
Faulty window switches spark Toyota recall (10th October 2012)
Toyota announces new eco-vehicle aims (19th November 2010)
Toyota hit by further woes (8th April 2010)