Toyota Canada Releases February Sales Results

Best February on record for Toyota Canada Inc.

Electrified vehicle sales represented 44.3% of overall sales in February 2024

Record February sales of the best-selling passenger vehicle in Canada, the Toyota RAV4

TORONTO, Ontario – March 1, 2024 – Record-setting electrified vehicles sales continue in February for Toyota Canada Inc. (TCI), representing 44.3% of overall sales, contributing to record February sales for both brands.

Electrified vehicles represented 42.9% of all Toyota Division units sold in February 2024, up 89.3% year over year.

Electrified vehicles also represented 55.3% of all Lexus Division units sold in February 2024, up 30.9% year over year.

A total of 1,443 Zero-Emission Vehicles (ZEV, comprised of EV, PHEV and FCEV) units were among the electrified Toyota and Lexus vehicles sold in February.

TCI’s best February on record

Overall, TCI sold a record 17,453 vehicles in February 2024, up 45.0% from February 2023.

Toyota division saw record February sales with 15,386 units sold, up 54.1% from February 2023. This includes a February record for overall Toyota RAV4 sales of 6,932 units, up 54.4% year over year. Corolla Hybrid, Corolla Cross, Tundra, bZ4X, Venza, Sequoia and Sienna also saw February records.

Lexus division also saw record February sales with 2,067 units sold, up 0.8% from February 2023. This includes February records for UX hybrid, NX hybrid and Plug-in Hybrid, as well as RX hybrid.

Toyota vehicles assembled in Canada in high demand

February sales of the best-selling passenger vehicle in Canada, the Toyota RAV4, hit a monthly record, up 54.4% year over year. Toyota Motor Manufacturing Canada-made Lexus NX and RX also saw strong February sales, led by record sales of the NX Hybrid and RX Hybrid versions.

About Toyota Canada Inc.

Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota and Lexus vehicles. Toyota has sold over six million vehicles in Canada through a national network of 287 Toyota and Lexus dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability to the vehicles Canadians drive and the service they receive. TCI’s head office is in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax, and parts distribution centres in Clarington and Vancouver. Toyota also operates two manufacturing facilities in Canada. Having produced more than nine million vehicles, popular Canadian models built at these facilities include Toyota RAV4, Toyota RAV4 Hybrid, Lexus RX 350 and RX 450h hybrid, as well as Lexus NX 250, NX 350 and NX 350h hybrid. The company has sold more than 19 million electrified vehicles worldwide and is the number one seller of electrified vehicles in Canada.

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