Toyota exec Camry will stay as US topselling car (Update)

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Toyota exec: Camry stay as US top-selling car (Update)

Aug 13, by Tom Krisher

In this Thursday, 5, 2010, file photo a Toyota Camry LE sits on the lot at Toyota in Miami. Toyota not relinquish the Camry’s spot as most popular car in 2013, a top told industry analysts on Aug. 2013.(AP Photo/Lynne File)

Toyota will not the Camry’s spot as America’s popular car this year, a top told industry analysts on

Senior Vice President Bob said the company will more than 400,000 of the cars in 2013, enough to off a challenge from the Honda and other models in the most part of the U.S. auto

The Camry has been America’s car for 11 straight years, but recent new from Honda, Ford, and others have chipped its lead. Carter said important to Toyota that the remain No. 1.

The midsize sedan is the largest segment in the industry, and we Toyota to be America’s favorite he said at the J.P. Morgan Conference in New York.

Carter that Toyota has raised on the car in an effort to keep sales amid intense competition but most other automakers even higher incentives.

sales fell 2 percent January through June as its rivals, the Honda Accord, Altima and Ford Fusion, big sales gains. In the first of the year, the hot-selling Accord Camry in sales by only closing a gap that was 59,000 a earlier.

Toyota responded with on the Camry, and its average sales of just over $20,900 in July of was the lowest of nine midsize cars, according to from J.D. Power and

As a result, Camry sales 16 percent last month to than 242,000 for the first months of the year. The increase Camry’s lead over the to more than 24,000. The Altima was 45,000 behind while Ford’s Fusion was nearly 61,000 below

Carter also told the that the stylish and larger Corolla compact will hit around Labor Day. An eco will get 42 miles per gallon kilometers per liter) on the highway, than the first-generation Toyota gas-electric hybrid. The first which came out for the 2001 year, got 41 mpg (17.4 kpl) on the

The Corolla, he said, started reputation for sterling reliability, and the has sold more than 40 worldwide. He even poked fun at the boxy version, which was updated five years ago and old compared with the Ford Honda Civic and Chevrolet

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Out of those 40 million people, no one bought a Corolla because thought they looked driving it, Carter said. changes at the end of the month with the new

The new car has more interior room early-generation Camrys, including back-seat legroom than the model, Carter said. It sits lower and has a wider for a more athletic look.

also said Toyota to have fuel-efficient gas-electric versions of every model it in the 2020s. The company plans a with electric and hydrogen cell motors in 2015.


Carter said, will more than 250,000 models this year.

The used to control 90 percent of the market for hybrids, but because of from Ford and others, the share has shrunk to 74 percent, though Toyota sales are up, he

Toyota’s new Tundra full-size also will start at dealers in September. The company has about 7 percent of full-size due to dominance by Detroit, Carter He expects prices for the new Tundra to because the company has added two lines that were Detroit’s exclusive domain.

A in San Antonio that which the Tundra is running on two shifts and to supply new versions, Carter He said the pickup market has faster than Toyota Full-size pickup sales are up 23 percent through July, Tundra sales were up 13

Toyota, on the other hand, the compact pickup market its Tacoma, which controls 60 of the market, Carter said. But he competition is coming from new Motors trucks next

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