Exporting SUVs, from America?
Toyota considers using American base for exporting to Middle East and Asia
Increasingly sluggish SUV sales, rising material costs and the strengthening Yen are all reasons for why Toyota plans to begin shipping automobiles manufactured in the United States to the Middle East. The credit crunch coupled with increasing oil prices has forced many Americans to move away from giant, gas-guzzling SUVs into more energy efficient sedans. Today oil reached a new high of over $129 a barrel with no immediate slowdown in sight.
Currently, the Avalon is being exported to the Middle East and Toyota plans to begin shipping Sequoias to an area where demand for family vehicles has steadily increased. In the United States, Toyota’s sales for the Sequoia fell 30%, which is a strong statement to be made about the dynamic US automotive market. Sequoias should begin to ship this year and there is the possibility that Sienna minivans could begin exporting to China as early as 2010.
What does this mean for the consumer who still needs a large family SUV and can foot the cost of increasing gas prices? Prices for large SUVs should begin to dramatically decrease as inventories pile up and dealers scramble to get their vehicles off their lots. Check out AutoBrag.com’s New Car Price Search Engine to find an incredible deal on Toyota Sequoias in your area.
