July 2013 Sales Conference Notes

July 2013 Sales Conference Call
Thursday, August 1, 2013


July 2013 Sales Conference Call (audio clip)

Toyota Motor Sales Vice President of Corporate Communications Mike Michels:

Hello everyone and thank you for joining us  to review Toyota’s July sales results.   

Speaking today will be:
Following the call, our communications team will be available to field any additional questions  you may have.

Now I’d like to turn it over to Bill for a look at July results.
 
Toyota Division Group Vice President and General Manager Bill Fay:
 
Thank you…and thanks everyone for joining us today. 

The industry strength we saw in June carried into July     
July typically one of the better retail months  
A strong industry retail month     
Total sales of 193,394  
For the Toyota Division  
Toyota Division Camry   
Prius Family  
Pushed Toyota Division hybrid sales  
New Avalon  
Finally on the car side  
Truck results
RAV4 volume leader  
Sienna topped 10,500    
Highlander  
Pickup sales up 15 and-a-half percent  
Toyota Certified Used Vehicles Next up  
Able to offer these outstanding financing options  
Finally  
Now I’d like to turn this over to Jeff Bracken for a look at the Lexus results.
 
Lexus Group Vice President and General Manager Jeff Bracken:

Thank you Bill.

The Lexus July story centers around the all-new IS.

Went on sale last weekend in June  
Thanks to a big boost from the IS  
The IS  
The ES was even stronger  
LS also posted a good month  
In the luxury SUV segment, RX continues to lead the way  
Lexus Certified Pre-Owned  
Taking a look at some early IS highlights  
About half are new to the Lexus family  
Because of the initial response to the new car, along with the continued hot pace being set by the ES, LS and RX, and the fact our historically best months of the year are still ahead of us, we’ve decided to move our sales target for the year up slightly, from about 260,000 units, closer to 270,000.
 
With the luxury market showing steady growth and our new products performing so well, we felt now was the right time to challenge ourselves  in the coming months.
 
August always a good sales month  
Finally, IS launch will continue to build momentum in August
Thank you very much for joining us today and now I’d like to open up the call for questions.