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How Toyota’s Tacoma became king of the U.S. midsize truck market
CNBC ^ | 05/18/2024 | Robert Ferris

Posted on 05/20/2024 10:08:02 AM PDT by SeekAndFind

The American pickup truck market is dominated by domestic brands, primarily Ford , Chevrolet , GMC and Ram . U.S. brands benefit from a loyal buyer base, and a 25% tax on imported trucks.

But the Toyota Tacoma shows how a foreign automaker can find and control a niche within that market.

The top-selling full-size pickup line is Ford’s F-Series, especially the F-150, which is also the bestselling vehicle in America, according to Edmunds. GM and Ram pickups trail Ford, which also has the top-selling compact pickup truck — the Maverick.

But U.S. automakers have wavered in their commitment to smaller pickups, while the Japanese automaker Toyota has had a presence in the segment as far back as the 1970s. Toyota introduced the Tacoma in 1995 as a successor to the Toyota Pickup, famously known as the Hilux elsewhere in the world. Meanwhile, Ford Motor discontinued the Ranger after the 2011 model year, and then revived it in 2019. GM pulled the Chevrolet Colorado and GMC Canyon off the market in 2012, before reviving both in 2014.

In 2023, Toyota sold over 237,000 Tacomas in the U.S., far outpacing all of its midsize competitors by a wide margin. The next best seller was the Chevrolet Colorado, which sold just shy of 72,000 units. The GMC Canyon, a slightly higher-end version of the same truck, adds roughly another 22,600 in sales for the U.S. automaker.

Toyota’s careful attention to the needs of Tacoma owners is seen as part of the reason for that loyal market base and the model’s consistent sales. For example, about 40% of Tacoma owners take their trucks off-road at least once a month, so Toyota offers several off-road packages for the truck.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Society; Travel
KEYWORDS: automotive; midsize; toyota; trucks
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To: SeekAndFind

Only people who play off of the lady’s tees buy those.


21 posted on 05/20/2024 10:37:48 AM PDT by crusty old prospector
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To: SeekAndFind
Toyota’s focus on quality, durability and reliability

Long before they took over the US market they took over the market in Africa for those reasons. When you are out in the middle of nowhere it just has to work. You can't just say, oh, ok, I'll take the metro.

22 posted on 05/20/2024 10:39:32 AM PDT by AndyJackson
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To: SeekAndFind

Tacoman...........................


23 posted on 05/20/2024 10:39:59 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Zathras

“Except for the engine failures that started in 2022.
They changed how the bearings were supported and now they are blowing up engines w 30k miles.”

Do you have a source? Google searches don’t show.


24 posted on 05/20/2024 10:43:43 AM PDT by TexasGator
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To: SeekAndFind

The resale on Tacos is just amazing. My brother bought a Taco and sold it about ten years later (to the dealer!) and probably lost $3000 on the trade-in.

We also go visit & work on his wine property near Eureka, CA from time to time. One would think that since most vineyard workers are from Mexico, there would be a clear majority of Fords and Chevy/GMC trucks parked in all the parking lots. Nope. Toyotas, by far.


25 posted on 05/20/2024 10:45:29 AM PDT by Attention Surplus Disorder (The Democrat breadlines will be gluten-free. )
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To: ImJustAnotherOkie

Agree.

‘04 Tundra 4WD w/160k on the odo. Well used, but not abused.

I was considering a new Tundra until the EPA mandates kicked in, and the 5.7L was replaced by the turbo V-6.

I will consider a Ford when I NEED a new truck, but will wait until current truck dies. If Toyota reintroduces the 5.7L or comparable, all bets are off.


26 posted on 05/20/2024 10:47:38 AM PDT by AF_Blue (My decision-making skills closely resemble those of a squirrel when crossing a road)
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To: SeekAndFind

Midsize? Never thought of a Tacoma as being midsized. Even the “big” ones.


27 posted on 05/20/2024 10:48:03 AM PDT by GrumpyOldGuy
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To: V_TWIN

I have owned a 1988 Toyota 4WD single cab truck.

In 1999 I bought a 4WD Tacoma extended cab. I sold the 1988 for $2995.

In 2012 I bought a Tacoma V6 4WD Double cab long bed. I sold my 1999 back to Toyota of North America for Kelly Blue Book Full Retail x 1.5.(about $14.5K)

The 2012 just turned 110K. Best vehicle I have ever owned. I may never sell it.


28 posted on 05/20/2024 10:48:21 AM PDT by woodbutcher1963
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To: AndyJackson

“Long before they took over the US market they took over the market in Africa for those reasons. When you are out in the middle of nowhere it just has to work.”

We have a Lexus GX-460. The similar Landcruiser Prado is sold in other parts of the world.


29 posted on 05/20/2024 10:49:52 AM PDT by TexasGator
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To: SeekAndFind

https://www.youtube.com/watch?v=5uLJitPWAXM


30 posted on 05/20/2024 10:50:24 AM PDT by struggle
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To: Reno89519

The bigger size is mostly just air...its styling.


31 posted on 05/20/2024 10:50:56 AM PDT by DouglasKC
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To: AF_Blue

Ford has huge problems now. Beware, get the V8.


32 posted on 05/20/2024 10:51:42 AM PDT by ImJustAnotherOkie
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To: SeekAndFind

There is are several episodes on the British show TOP GEAR about how they TRY to kill a Toyota Hilux. Including parking it on a ramp on the ocean and letting the tide swamp it and take it away.

I am sure many have seen it. Its on YouTube.


33 posted on 05/20/2024 10:54:08 AM PDT by woodbutcher1963
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To: nesnah
I had an SX 4x4 years ago and it was a wonderful truck. Rock solid but 16 mpg no matter how I drove. The new ones are not that much different. I would have bought one instead of my 2023 Taco but the dealers were adding too much markup. That's the Only Nissan I would buy.
34 posted on 05/20/2024 10:55:18 AM PDT by ImJustAnotherOkie
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To: SeekAndFind

One thing I never understood is why quarter ton trucks have less headroom than a half ton. People who want a smaller truck are not necessarily shorter.

I would like a smaller truck because it will fit in the barn easier but I cannot fit in the dang thing.


35 posted on 05/20/2024 10:55:55 AM PDT by Doctor Congo
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To: SeekAndFind

https://www.youtube.com/watch?v=xnWKz7Cthkk

Part One of three parts


36 posted on 05/20/2024 10:56:30 AM PDT by woodbutcher1963
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To: alternatives?
The 6 cylinder was better ...and far less complicated under the hood.
37 posted on 05/20/2024 10:57:01 AM PDT by ImJustAnotherOkie
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To: ImJustAnotherOkie

Rock solid but 16 mpg no matter how I drove.


I get a solid 22 mpg with the 2024, prolly 60% highway speeds.

The 2022 was about 19-20 mpg, but more around town at the time.


38 posted on 05/20/2024 10:58:33 AM PDT by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: DouglasKC
The bigger size is mostly just air...its styling.

It's more than that. The new Taco is basically a shrunken Tundra. All the underpinnings and frame are different.

39 posted on 05/20/2024 10:58:40 AM PDT by ImJustAnotherOkie
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To: SeekAndFind

I’m on my second Nissan Frontier. I bought one in 2006. Another in 2020. Why did I buy Nissan instead of Toyota?

All things are equal except for one thing. Tacomas are more expensive.


40 posted on 05/20/2024 10:59:19 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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