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Toyota Reports 2004 Best-Ever March Sales and Record-Setting First Quarter

TORRANCE, Calif., April 1 -- Toyota Motor Sales (TMS), U.S.A., Inc., today reported best-ever March sales of 174,209, an increase of 5.5 percent from last year's record March. Toyota also posted its best-ever first quarter in 47 years of business in the U.S. with sales of 464,721, up 12.1 percent over the same period last year.

"Despite skyrocketing fuel prices, industry sales, especially in the light truck segment, remain strong," said Jim Press, TMS executive vice president and COO. "We anticipate a dramatic shift into higher fuel efficiency models if oil prices remain high."

The Toyota Division had a best-ever March with 149,196 units sold, up 3.4 percent. The Lexus Division enjoyed its best-ever March with sales of 25,013, an increase of 20.0 percent.

Toyota Division reported best-ever March light truck sales of 71,456, an increase of 19.2 percent. Leading the way was the Sienna van with its best-ever sales month of 15,724 units sold, an increase of 138.1 percent over the same period last year and breaking its previous sales record set just last month. Toyota mid-size sport utility vehicles (SUV) recorded strong March sales as the Highlander posted 11,311 sales, up 1.1 percent, while the 4Runner sold 10,018 units, up 20.2 percent. The Tundra full-size pickup posted sales of 8,671, an increase of 10.5 percent. The Sequoia full-size SUV also enjoyed strong sales of 5,036 units, up 7.8 percent. Sales of the Land Cruiser full-size SUV were up 21.9 percent.

Scion, the new car marque from TMS, reported its second consecutive best- ever month with 5,199 units sold in March. The popular xB urban utility vehicle posted a best-ever 3,551 units sold. The xA hatchback also recorded best-ever sales of 1,648.

Toyota passenger car sales got a boost from the Prius gas-electric hybrid mid-size sedan, which posted best-ever March sales of 3,778, an increase of 49.2 percent.

Lexus Division light trucks enjoyed best-ever March sales of 12,699, an increase of 18.8 percent. The record-setting month was led by the RX 330 luxury SUV with best-ever March sales of 9,039, up 22.0 percent. The GX 470 luxury mid-size SUV posted best-ever March sales of 2,947, an increase of 10.7 percent, while sales of the LX 470 full-size luxury SUV were up 15.6 percent.

Lexus passenger car sales were up 21.2 percent with 12,314 units sold. The ES 330 luxury sedan recorded its best-ever March with sales of 6,876, an increase of 27.9 percent. The LS 430 flagship luxury sedan posted strong sales of 3,010, up 98.4 percent, while sales of the SC 430 hard top convertible rose 11.4 percent.

Sales of North American-built vehicles accounted for 63.9 percent of total March sales.

  

                            TOYOTA RETAIL SALES
                          (INCLUDES FLEET & HAWAII)
                                 March, 2004

                             -- CURRENT MONTH --        -- CALENDAR YEAR
                                                             TO DATE --
                                              DSR %                    DSR %
                              2004    2003    CHG      2004     2003   CHG

  ECHO                         384    3,787  -89.9    1,338    9,556  -86.2
  COROLLA                   28,199   32,611  -13.5   75,125   75,997   -2.4
  CELICA                       979    1,476  -33.7    2,608    3,516  -26.8
  CAMRY                     35,100   38,656   -9.2   96,180   94,004    1.0
  AVALON                     3,827    4,917  -22.2    9,883   13,016  -25.1
  MR2 SPYDER                   274      307  -10.7      712      724   -3.0
  PRIUS                      3,778    2,532   49.2    9,918    6,106   60.3
  SCION xA                   1,648        0     --    3,486        0     --
  SCION xB                   3,551        0     --    7,675        0     --
  TOTAL TOYOTA DIV. PASS.
   CAR                      77,740   84,286   -7.8  206,925  202,919    0.6
  ES 330                     6,876    5,376   27.9   17,676   13,924   25.3
  LS 430                     3,010    1,517   98.4    7,877    4,503   72.6
  SC 430                       900      808   11.4    1,998    2,246  -12.2
  GS 300                       452      855  -47.1    1,683    2,326  -28.6
  GS 430                        69      150  -54.0      312      463  -33.5
  IS 300                     1,007    1,453  -30.7    2,457    3,392  -28.5
  TOTAL LEXUS PASS. CAR     12,314   10,159   21.2   32,003   26,854   17.6
  TOTAL TOYOTA PASS. CAR    90,054   94,445   -4.6  238,928  229,773    2.6
  SIENNA                    15,724    6,603  138.1   42,145   17,880  132.6
  RAV4                       6,481    7,016   -7.6   16,789   17,213   -3.7
  4RUNNER                   10,018    8,334   20.2   27,794   22,392   22.5
  HIGHLANDER                11,311   11,193    1.1   29,293   27,137    6.5
  LAND CRUISER                 557      457   21.9    1,501    1,413    4.8
  SEQUOIA                    5,036    4,671    7.8   14,055   13,270    4.5
  TOTAL SUV                 33,403   31,671    5.5   89,432   81,425    8.4
  4X2 TACOMA                 8,534    8,513    0.2   22,153   20,863    4.8
  4X4 TACOMA                 5,124    5,314   -3.6   14,733   13,525    7.5
  TOTAL TACOMA              13,658   13,827   -1.2   36,886   34,388    5.9
  TUNDRA                     8,671    7,845   10.5   23,941   20,293   16.4
  TOTAL PICKUP              22,329   21,672    3.0   60,827   54,681    9.8
  TOTAL TOYOTA DIV. LT
   TRUCK                    71,456   59,946   19.2  192,404  153,986   23.3
  LX 470                       713      617   15.6    2,080    1,770   16.0
  GX 470                     2,947    2,663   10.7    7,536    6,668   11.5
  RX 330                     9,039    7,410   22.0   23,773   16,896   38.9
  TOTAL LEXUS LIGHT TRUCK   12,699   10,690   18.8   33,389   25,334   30.1
  TOTAL TOYOTA LIGHT TRUCK  84,155   70,636   19.1  225,793  179,320   24.3
  TOTAL TOYOTA DIV.        149,196  144,232    3.4  399,329  356,905   10.4
  TOTAL LEXUS               25,013   20,849   20.0   65,392   52,188   23.7
  TOTAL TOYOTA             174,209  165,081    5.5  464,721  409,093   12.1
  MEMO:
  DOM. COROLLA              26,851   25,942    3.5   71,687   60,338   17.2
  DOM. CAMRY                32,231   35,681   -9.7   85,594   79,344    6.5
  DOM. PICKUP               22,329   21,672    3.0   60,827   54,681    9.8
  DOM. RX 330                5,307        0     --   13,037        0     --

  TOYOTA DIV. IMPORT CAR    14,831   17,746  -16.4   39,761   50,221  -21.9
  LEXUS IMPORT CAR          12,314   10,159   21.2   32,003   26,854   17.6
  TOYOTA DIV NA BUILT CARS  62,909   66,540   -5.5  167,164  152,698    8.0
  TOTAL TOYOTA CARS         90,054   94,445   -4.6  238,928  229,773    2.6

  TOYOTA DIV. IMPORT LT
   TRUCK                    28,367   27,000    5.1   75,377   68,155    9.1
  LEXUS IMPORT LT TRUCK      7,392   10,690  -30.9   20,352   25,334  -20.7
  TOYOTA DIV NA BUILT LT
   TRUCK                    43,089   32,946   30.8  117,027   85,831   34.6
  LEXUS NA BUILT LT TRUCK    5,307        0     --   13,037        0     --
  TOTAL TOYOTA LT TRUCK     84,155   70,636   19.1  225,793  179,320   24.3

  SPORT UTILITY VEHICLES    46,102   42,361    8.8  122,821  106,759   13.5
     Memo: Lexus Sport
      Utility               12,699   10,690   18.8   33,389   25,334   30.1

  SMALL VANS                15,724    6,603  138.1   42,145   17,880  132.6
  PICKUPS                   22,329   21,672    3.0   60,827   54,681    9.8

  * NORTH AMERICAN BUILT
   VEHICLES
  COROLLA                   26,851   25,942    3.5   71,687   60,338   17.2
  CAMRY                     32,231   35,681   -9.7   85,594   79,344    6.5
  AVALON                     3,827    4,917  -22.2    9,883   13,016  -25.1
  SIENNA                    15,724    6,603  138.1   42,145   17,880  132.6
  PICKUP                    22,329   21,672    3.0   60,827   54,681    9.8
  SEQUOIA                    5,036    4,671    7.8   14,055   13,270    4.5
  RX 330                     5,307        0     --   13,037        0     --
  TOTAL                    111,305   99,486   11.9  297,228  238,529   23.0
  N.A. VEHICLES % OF TOTAL   63.9%    60.3%           64.0%    58.3%

  SELLING DAYS                  26       26              76       75
  DSR = DAILY SELLING RATE