Toyota New Zealand confirm $21.9m profit over last financial year
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The Toyota New Zealand 2018 Sustainability Report has been published, outlining a raft of numbers and figures from the 2017–’18 financial year — chief among which being the brand's New Zealand profits.
The report details that over the period, Toyota sold 32,282 new vehicles on its way to a revenue figure of $1.4 billion and profits (after tax) of $21.9 million. This is despite a somewhat mixed reaction to their new, 'haggle free' Drive Happy pricing model.
Toyota spent much of the period in second place for top selling new vehicle, as the Ford Ranger ute went toe-to-toe with the ever popular Toyota Hilux. But strong fleet uptake of vehicles like the Corolla, Camry, and Yaris helped back up the Hilux in the ring.
Those who love a good, slightly tedious long-form report can read the full document by clicking here, but for everyone else, here's a run-down of other fascinating numbers that Toyota's unearthed.
Five per cent of Toyota's new-car sales are made up of hybrids(through vehicles like the Prius and Camry hybrid), but the brand forecast this to expand to 30 per cent by the year 2030.
"Toyota New Zealand has set itself a goal of reducing the emissions of the new vehicles it sells from the current average of 184g of CO2 per kilometre to an average of 152 g/km per vehicle by 2030. Globally, Toyota is targeting a 90 per cent reduction of vehicle emissions by 2050," Toyota says.
"The company expects to offer an ‘electrified’ option for every vehicle model it sells by around 2025."
Interestingly, Toyota also confirm that they have replaced the faulty Takata airbags in 67,000 vehicles here, out of the 141,000 they have attempted to contact.
The Takata recall has dragged out over several years now. An analyst at Kelly Blue Book suggested in 2015 that it could take four years to rectify the affected vehicles, and three years down the line that number may well have blown out.
A report from August last month showed that almost half of New Zealand's Takata-laden vehicles had had their faulty bags checked or replaced. And that in turn followed the Government's decision to make the recall compulsory here in June.
As for Toyota, the new Corolla's time at the top of September's new vehicle registration figures shows that 2018–’19 could be more of the same.