Remunerator News

Nov 30 2021

Toyota Production Ramps Up Again!

Toyota Hilux

Toyota buyers worldwide can breathe a sigh of relief with Toyota vehicle production set to restart this month!

Car-buyers are all too familiar with the ongoing global semi-conductor shortage (read our full guide on the issue here). To summarize, due to manufacturing restrictions and closures, on top of the world biggest semi-conductor factory in Japan going up in flames, production of computer chips that power all electronics (from your phone to your car) has severely declined. Resulting in production of cars to drastically reduce worldwide and a serious car availability shortage.

To put this in perspective, around 760,000 vehicles have been affected in September and October alone.

Many of Toyota’s most popular models are currently facing delays, these include: the Yaris, Yaris Cross, GR Yaris, Corolla, RAV4, Camry, Prius, Landcruiser Prado, C-HR, Landcruiser 70 and Landcruiser 300.

Toyota has stated that they have no plans to compromise on their vehicles by removing technology or features to use less semi-conductors.

According to reports, Toyota have sourced a fresh supply of parts and are considering increasing working hours to make up for production lost over the past year. This all in an attempt to produce a record 800,000 vehicles in December. The current forecast is that all Toyota’s manufacturing plants in Japan will be operating normally as of December 2021.

Sean Hanley, Toyota Australia Vice President Sales, Marketing and Franchise Operations celebrated the news by announcing “this is extremely positive news, and we are optimistic about future production”.

If you’re interested in driving a Toyota, we recommend talking to our novated leasing experts as soon as possible! Get in touch with the Remunerator team today by calling 1800 501 703 or emailing novated@remunerator.com.au.