Strong December and Q4 Push Toyota Canada Past 200,000 Sales in 2022

TORONTO, Ontario – January 5, 2023 – Despite significant supply chain issues impacting the auto industry in 2022, Toyota Canada Inc. (TCI) ended the year on a positive note, with strong December and fourth quarter sales pushing the company past the 200,000 sales mark for 2022.

Strong momentum heading into 2023

TCI’s Q4 sales represented 45,176 units, up 9.5% year over year, for a total of 200,204 units for the year. Toyota division sold 38,673 units, up 8.0% from Q4 2021, while Lexus division sold 6,503 units, up 19.4% from Q4 2021.

TCI’s December sales accounted for 13,393 units sold, up 11.6% from December 2021. Toyota division sold 11,453 units, up 8.4% from December 2021, for a total of 175,181 units sold in 2022, down 12.1% from 2021. Lexus division sold 1,940 units in December, up 35.6% from December 2021, and setting a December sales record. Lexus ended the year with 25,023 units sold, down 3.4% from 2021.

Electrified vehicles sales continue to lead the way for both Toyota and Lexus

Electrified vehicles continued to lead the way for TCI, with 51,767 units sold, representing 25.9% of the company’s overall vehicle sales in 2022.

Toyota division sold 41,987 electrified vehicles in 2022, representing 24.0% of its total sales. And, led by very strong sales for the NX Hybrid and RX Hybrid, the Lexus division sold a record 9,780 electrified vehicles in 2022, representing 39.1% of its total sales for the year.

Q4 was a record quarter for TCI’s electrified vehicles sales with 12,471 units sold, up 13.5% year over year, and representing 27.6% of the company’s overall sales in the quarter.

With the upcoming launches of the battery-electric Lexus RZ and all-new Toyota Prius, as well as strong demand for the RAV4 Prime and Prius Prime plug-in hybrid electric vehicles, and rapidly growing electrified vehicles sales at Lexus, the sales momentum for TCI’s electrified vehicles is expected to continue in 2023.

The best-selling non-pick-up-truck (RAV4) and best-selling car (Corolla) in Canada…

With 55,921 units sold in 2022, the Toyota RAV4, remains the best-selling passenger vehicle in Canada. And the Toyota Corolla, with 33,096 units sold in 2022, has become the best-selling car in Canada.

Responding to the needs of Canadian consumers, 63%, or almost two thirds, of Lexus vehicles sold in Canada last year were assembled in Canada.

Some particular Toyota and Lexus models registered significant overall sales in 2022, including:

• Toyota RAV4 (55,921 units – best-selling non-pick-up-truck in Canada)
• Toyota Corolla (33,096 units – best-selling car in Canada)
• Lexus NX Hybrid (4,701 units – annual record)
• Lexus RX Hybrid (1,822 units – annual record)
• Toyota Corolla Cross (9,263 units in its first full year of sales)
• Toyota Tundra (11,561 units – second best year ever)

“On behalf of Toyota Canada, I’d like to thank our customers for their continued confidence and trust in Toyota Canada,” said Larry Hutchinson, President and CEO of Toyota Canada. “I’d also like to thank our dealers for their commitment to supporting our Canadian customers.”

About Toyota Canada Inc.

Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota and Lexus vehicles. Toyota has sold over six million vehicles in Canada through a national network of 287 Toyota and Lexus dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability to the vehicles Canadians drive and the service they receive. TCI’s head office is in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax, and parts distribution centres in Clarington and Vancouver. Toyota also operates two manufacturing facilities in Canada. Having produced more than nine million vehicles, popular Canadian models built at these facilities include Toyota RAV4, Toyota RAV4 Hybrid, Lexus RX 350 and RX 450h hybrid, as well as Lexus NX 250, NX 350 and NX 350h hybrid. The company has sold more than 19 million electrified vehicles worldwide and is the number one seller of electrified vehicles in Canada.

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