Toyota Motor Corporation (TMC) is set to reduce the production output of its Japanese factories by up to 20 percent in the coming months, with Land Cruiser 300 Series buyers likely to be impacted.
According to Reuters, Toyota will wind back its Japan-based production significantly in the second quarter of the year, after already lowering its forecasts previously.
TMC will cut production by around 20 percent in April, 10 percent in May and five percent in June as the world’s largest car manufacturer attempts to ease the burden on its suppliers.
Toyota’s decision to scale down its production in Japan could result in more delays for the Land Cruiser
While the local impact is not yet known, the vast majority of Toyota vehicles shipped to Australia are sourced from Japan such as the C-HR small SUV, RAV4 midsize SUV and Land Cruiser models including 300 Series, 70 Series, and 150 Series Prado.
Chasing Cars has reached out to Toyota Motor Corporation Australia to clarify if or how this production slow down will affect the supply of vehicles to Australia and will update this story if a response is received.
TMC chief executive officer Akio Toyoda announced the delays to union members late last week, citing the three months as “an intentional cooling off” period to prevent suppliers of semiconductors and other parts from becoming “exhausted” under the weight of constant demand.
While the number of cars being built will be cut, a TMC spokesperson told Reuters output would remain high as the now reduced plan had factored in the need to make up for previously lost productivity.
TMC is not the only manufacturer struggling with such issues, with Subaru previously forced to shut down its Japanese manufacturing facilities for eight business days as it waited for more parts to be delivered.
Buyers are already contending with delays of 12 months or more for a new 300 Series
Toyota Land Cruiser already struggling with delays
Demand for the all-new Land Cruiser 300 Series has been incredibly high since its launch in October 2021 with the initial shipment of 500 vehicles unable to sustain buyers.
Delays of 12 months or even longer have been cited for Australian buyers, following previous delays to production in Japan where TMC was forced to pause assembly lines while it waited for more parts to arrive.
As a result, second-hand 300 Series models in February were commanding up to 28 percent markup on the original driveaway prices as buyers began to grow impatient.
Toyota Land Cruiser 300 Series: prices in Australia
All prices listed are before on-road costs.
- GX: $89,990
- GXL: $101,790
- VX: $113,990
- Sahara: $131,190
- GR Sport: $137,790
- Sahara ZX: $138,790
Keyword: Toyota Land Cruiser 300 Series likely to face delays amid production slow down