Original source text
The move strengthens Toyota’s North American manufacturing footprint at a time when supply-chain resilience and domestic production have become increasingly important for global automakers.
Yet despite that aggressive investment, Toyota continues to be viewed as a value stock.
The automaker currently ranks among Benzinga Edge’s Top Value Stocks, reflecting its inexpensive valuation metrics and strong profitability. That creates an interesting disconnect: Toyota is spending like a company preparing for its next phase of growth, while Wall Street continues to value it like a mature automaker.
Toyota Still Trades Like A Value StockToyota’s valuation helps explain why it continues to earn a place among the market’s top value names.
According to Benzinga Pro data, the stock trades at just 9.7 times trailing earnings and 10.8 times forward earnings. It also carries an earnings yield of 10.3% and an EV-to-EBITDA multiple of 8.0—metrics typically associated with value stocks rather than companies making multibillion-dollar expansion bets.
Rather than conserving cash, Toyota is investing heavily to localize production, strengthen its U.S. manufacturing footprint and reinforce its position in the profitable North American truck market. The company has also continued leaning on its hybrid strategy, which has helped it outperform many rivals as EV demand has moderated.
For investors, the question is whether Wall Street is fully recognizing what Toyota is becoming—or still valuing what it has historically been.
TM Stock Chart Suggests Sentiment May Be ImprovingToyota’s technical picture suggests investors may already be warming to that idea.
Although the shares remain down 18.7% year to date, they’ve gained 5.5% over the past five trading sessions and are up nearly 4% over the past year, indicating buying interest has started to return after months of weakness.
Chart created using Benzinga Pro
The stock has also reclaimed its short-term moving averages, while the MACD (moving average convergence/divergence) indicator is recovering from the negative territory, signaling that bullish momentum is building. Meanwhile, the Relative Strength Index (RSI) sits near the neutral 50 level, suggesting the shares are neither overbought nor oversold and could have room to build on their recent rebound.
The next technical level investors may be watching is the 50-day moving average, which could act as the next test for a sustained breakout.
Investment TakeawayToyota’s $3.6 billion Texas expansion isn’t simply another factory announcement.
It’s a strategic investment in manufacturing flexibility, localized production and one of the world’s most profitable pickup markets. Yet even as the company commits billions to future growth, the stock continues to trade at the kind of valuation typically reserved for mature value companies—a view reinforced by its place among Benzinga Edge’s Top Value Stocks.
If Toyota’s manufacturing investment begins translating into stronger earnings growth and improving investor sentiment, Wall Street may eventually have to decide whether the company still belongs in the bargain bin—or whether its valuation deserves a second look.
Image via Shutterstock
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Original source text
Investment will enable Tacoma assembly alongside Tundra, Sequoia and rear axles
, /PRNewswire/ -- Toyota Motor North America (TMNA) announced it will invest $3.6 billion to expand its San Antonio manufacturing campus with a second vehicle assembly line to support the Tacoma truck. The expansion will create 2,000 new, high-quality jobs and add 2.5 million square feet to Toyota Texas, doubling its size by 2030.
TMNA will transition Tacoma production from Toyota Motor Manufacturing Baja California (TMMBC) to the expanded Toyota Texas plant over an approximate four-year period.
Toyota Announces $3.6B Expansion, 2,000 New Jobs at its San Antonio Plant - Investment will enable Tacoma assembly alongside Tundra, Sequoia and rear axles. "Toyota's continued investment in North America is a testament to our confidence in the region's workforce, innovation and long-term growth potential," said President and CEO Ted Ogawa, TMNA. "By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future."
After a highly competitive process, this expansion highlights Toyota's commitment to Texas as a vital hub for automotive innovation and manufacturing excellence.
"Texas is where the world builds bigger, and Toyota shows it once more with a $3.6 billion expansion in San Antonio that doubles their factory footprint and creates 2,000 new jobs," said Texas Governor Abbott. "This Texas-sized investment reflects the strength of our workforce and the unmatched business advantages found only in our state. Supported by the Texas Enterprise Fund and JETI program, this expansion will deliver economic opportunities to generations of San Antonio families and further cement Texas as the premier destination for world-class advanced manufacturing."
This latest investment will add another assembly line to the campus at Toyota Texas, which already includes a vehicle assembly line and new rear axle plant that is nearing startup.
"We are so proud of Team Texas and what they have accomplished over the past two decades," said Frank Voss, group vice president of truck manufacturing, TMNA and president of Toyota Texas. "The 2,000 acres of South Texas ranchland our plant stands on today was purposefully selected for its ability to scale with vehicle demand, and today marks the first step toward realizing that potential. We're excited to add the beloved Tacoma to our existing award-winning lineup, and we thank the State of Texas, Bexar County and City of San Antonio for their longstanding support."
This expansion brings Toyota's total investment in San Antonio to $8.3 billion since breaking ground in 2003. The new facility will enable increased flexibility for the plant through advanced manufacturing technologies and will align with Toyota's broader North American operations. Toyota remains committed to its operations throughout the U.S., Canada, and Mexico, and encourages a quick resolution to USMCA to make the North American region globally competitive.
"Toyota has been a loyal and dedicated partner in this community for two decades," said Bexar County Judge Peter Sakai. "This is the plant's second milestone investment in two years. Toyota continues to honor its commitments here, and this exciting initiative shows the confidence one of the world's leading companies has in Bexar County today and in the future."
Toyota's local workforce will climb to approximately 6,000 team members, supported by 23 on-site suppliers and their employees.
"San Antonio proudly hosts Toyota, and we're excited to be selected for additional expansion," said San Antonio Mayor Gina Ortiz Jones. "This is a significant recognition of the talent our city offers, as well as the investments our community is willing to make to support Toyota's growth. We look forward to expanding the Toyota family in San Antonio."
For nearly 20 years, Toyota Texas has rolled out top-quality trucks and SUVs, assembling more than 197,000 vehicles last year alone. The San Antonio plant is the exclusive home of the Tundra and Sequoia, both assembled on the same production line, and will begin production at its new rear axle facility this fall.
ADDITIONAL QUOTES
U.S. Senator John Cornyn: "Today's approval of a new Toyota assembly line in San Antonio is great news for Bexar County and Texas as a whole," said Sen. Cornyn. "This $3.6-billion investment will create 2,000 new, well-paying jobs and bring expanded economic opportunities to South Central Texas, and I applaud Toyota for growing their already significant presence in the Lone Star State even further."
U.S. Senator Ted Cruz: "Texas leads the nation because we believe in free enterprise, low taxes, and fewer government barriers to job creators. Congratulations to Toyota on their $3.6 billion new investment in San Antonio. It is another powerful vote of confidence in our state's workers and pro-growth policies. This expansion will create thousands of high-paying jobs, strengthen American manufacturing, and reinforce Texas as the best place in the country to build, invest, and innovate. I look forward to seeing the opportunities Toyota continues to create for San Antonio and communities across our great state."
Lieutenant Governor, State of Texas, Dan Patrick: "Texas' proven formula of free markets, a stable regulatory environment, and fiscal responsibility is why the Lone Star State remains the best state to do business in America," said Lt. Gov. Dan Patrick. "Toyota's new $3.6 billion investment in Bexar County is yet another important data point supporting that fact. This transformational investment for a new Toyota manufacturing line will result in billions in economic activity for the local San Antonio economy and will provide over 2,000 high-paying jobs for families in San Antonio and the surrounding communities."
Texas Speaker of the House, Dustin Burrows: "The State of Texas is proud to strengthen its partnership with Toyota Motor Manufacturing Texas through the announcement of this new San Antonio facility," said Speaker Dustin Burrows. "This investment reflects the confidence that world-class employers like Toyota continue to have in Texas' pro-business climate and skilled workforce. We are grateful for the good-paying jobs and economic opportunities this facility will bring to the region, and we look forward to building on Texas' partnership with Toyota."
Texas State Representative, John Lujan: "As a lifelong resident of San Antonio, I have seen firsthand the impact Toyota has made over the past two decades. Toyota has become an essential part of our city's identity, and this new investment will continue Toyota's legacy of uplifting our Southside residents, breaking cycles of poverty, and providing lasting skills and good-paying jobs. It is truly an honor to work alongside Toyota's leadership, Governor Abbott, Bexar County, and the City of San Antonio to bring this success to our community. I congratulate Toyota on this milestone, which will continue to create opportunity and strengthen South San Antonio for generations to come."
Texas State Senator, Roland Gutierrez: "Toyota Motor Manufacturing Texas' decision to expand in San Antonio is tremendous news for our community and for the State of Texas. The creation of 2,000 new jobs and an economic impact of more than $3.6 billion reflects the strength of our workforce, our business-friendly environment, and the opportunities that continue to grow in our region. This investment adds to the vibrancy of our city and will enhance our area for generations to come. Toyota believes in San Antonio and is proud to invest in the people who make our community such a remarkable place to live and work. We look forward to strengthening our partnership and celebrating continued success together."
Southwest ISD Superintendent, Dr. Jeanette Ball: "Many of our Southwest ISD families have a real, personal connection to Toyota's investment in our community. We're proud to play a role in supporting their expansion and the opportunity it brings to our families."
President and CEO, greater:SATX Regional Economic Partnership, Sarah Carabias Rush: "This marks a transformational expansion for Toyota in San Antonio. With a second vehicle assembly line, Toyota will continue to grow quality jobs with tremendous career progression opportunities for our San Antonio region," said Sarah Carabias Rush, president and CEO of greater:SATX Regional Economic Partnership. "This win reflects the competitive strength of our skilled workforce, our leadership in automotive manufacturing innovation and the seamless collaboration among the State of Texas, Bexar County, the City of San Antonio and our utility and infrastructure partners to secure this opportunity."
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.
Toyota directly employs approximately 48,000 people in the U.S. who have contributed to the design, engineering, and assembly of more than 36 million cars and trucks at our 11 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
To help inspire the next generation for careers in advanced manufacturing, Toyota launched its in-person tour booking platform and virtual tour experience at www.TourToyota.com allowing guests to schedule a live tour to see several of our U.S. manufacturing facilities in action or visit all plants virtually from anywhere around the globe.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Media Contact:
Melinda Louden
210-748-6103
[email protected]
SOURCE Toyota Motor North America
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Original source text
RAV4 Hybrid achieved an all-time best-ever Best-ever June sales for Lexus division 33 electrified vehicle options available between both Toyota and Lexus brands TMNA June electrified vehicle sales of 122,063, up 35.0 percent , /PRNewswire/ -- Toyota Motor North America (TMNA) today reported June 2026 U.S. sales of 212,793 vehicles, up 10.1 percent on a volume basis and up 5.7 percent on a daily selling rate (DSR) basis compared to June 2025. Sales of electrified vehicles for the month totaled 122,063, up 35.0 percent on a volume basis and up 29.6 percent on a DSR basis, representing 57.4 percent of total sales volume.
Toyota Motor North America Reports June, Second Quarter 2026 U.S. Sales Results For the second quarter, TMNA reported sales of 673,971 vehicles, up 1.1 percent on a volume basis and up 1.1 percent on a DSR basis versus the second quarter of 2025. Sales of electrified vehicles for the second quarter totaled 383,091, up 19.5 percent on a volume basis and up 19.5 percent on a DSR basis, representing 56.8 percent of total sales volume.
Toyota division posted June sales of 183,627 vehicles, up 11.2 percent on a volume basis and up 6.8 percent on a DSR basis. For the quarter, Toyota division reported sales of 585,211 vehicles, up 2.6 percent on a volume basis and up 2.6 percent on a DSR basis.
Lexus division posted June sales of 29,166 vehicles, up 3.9 percent on a volume basis and down 0.3 percent on a DSR basis. For the quarter, Lexus division reported sales of 88,760 vehicles, down 7.5 percent on a volume basis and down 7.5 percent on a DSR basis.
"Our second-quarter results reflect continued momentum across the Toyota and Lexus lineups," said Andrew Gilleland, senior vice president, Automotive Operations Group, Toyota Motor North America. "Strong demand and disciplined inventory management have fueled consistent gains versus a year ago, and accelerating interest in our electrified vehicles—with month-over-month growth throughout the quarter—reinforces that our multi-pathway approach is resonating. Combined with our commitment to affordability and a broad range of vehicles starting under $35,000, we're well-positioned to expand access to electrification while delivering value across every powertrain."
Highlights (volume basis unless otherwise noted)
TMNA:
Second quarter sales up 1.1 percent Second quarter electrified vehicle sales of 383,091, up 19.5 percent June sales up 10.1 percent June electrified vehicle sales of 122,063, up 35.0 percent 33 total electrified vehicles currently available in dealerships between both the Toyota and Lexus brands Among the lowest incentives among full-line manufacturers Toyota Division:
RAV4 Hybrid achieved an all-time best-ever All-time best-ever electrification mix at 61.4% Second quarter sales up 2.6 percent Second quarter electrified vehicle sales of 345,791, up 21.1 percent June sales up 11.2 percent June electrified vehicle sales of 110,627, up 38.0 percent Lexus Division:
Achieved an all-time best-ever June Second quarter sales down 7.5 percent Second quarter electrified vehicle sales of 37,300, up 6.5 percent June sales up 3.9 percent June electrified vehicle sales of 11,436, up 11.7 percent About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of more than 50 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Media contact:
Derrick Brown
[email protected]
TOYOTA U.S. SALES SUMMARY
June 2026
-- CURRENT MONTH --
-- CALENDAR YEAR TO DATE --
2026
2025
DSR %
VOL %
2026
2025
DSR %
VOL %
TOTAL TMNA
212,793
193,209
5.7
10.1
1,243,391
1,236,600
0.5
0.5
TOTAL TOYOTA DIV.
183,627
165,135
6.8
11.2
1,073,679
1,057,634
1.5
1.5
TOTAL LEXUS DIV.
29,166
28,074
-0.3
3.9
169,712
178,966
-5.2
-5.2
COROLLA
19,873
18,662
2.2
6.5
131,403
120,052
9.5
9.5
SUPRA
449
308
39.9
45.8
2,116
1,231
71.9
71.9
GR86 (INCL FR-S)
754
809
-10.5
-6.8
4,007
5,427
-26.2
-26.2
MIRAI
20
7
174.3
185.7
129
46
180.4
180.4
CROWN
656
922
-31.7
-28.9
5,152
5,054
1.9
1.9
PRIUS
4,029
3,684
5.0
9.4
19,518
33,845
-42.3
-42.3
CAMRY
31,573
25,335
19.6
24.6
179,044
155,330
15.3
15.3
TOTAL TOYOTA DIV. CAR
57,354
49,727
10.7
15.3
341,371
320,987
6.4
6.4
IS
2,888
1,310
111.6
120.5
14,071
9,858
42.7
42.7
RC
3
94
-96.9
-96.8
237
805
-70.6
-70.6
ES
331
3,089
-89.7
-89.3
3,896
19,181
-79.7
-79.7
LS
1
67
-98.6
-98.5
146
691
-78.9
-78.9
LC
144
65
112.7
121.5
689
790
-12.8
-12.8
TOTAL LEXUS DIV. CAR
3,367
4,625
-30.1
-27.2
19,039
31,325
-39.2
-39.2
TOTAL TMNA CAR
60,721
54,352
7.2
11.7
360,410
352,312
2.3
2.3
C-HR BEV
1,594
0
0.0
0.0
3,748
2
187,300.0
187,300.0
BZ
1,953
1,223
53.3
59.7
17,553
9,249
89.8
89.8
BZ WOODLAND
294
0
0.0
0.0
554
0
0.0
0.0
RAV4
32,350
36,810
-15.6
-12.1
153,955
239,451
-35.7
-35.7
COROLLA CROSS
9,644
7,595
21.9
27.0
61,541
51,324
19.9
19.9
CROWN SIGNIA
1,728
1,077
54.0
60.4
11,231
12,282
-8.6
-8.6
VENZA
1
3
-68.0
-66.7
6
692
-99.1
-99.1
HIGHLANDER
3,941
5,071
-25.4
-22.3
32,059
30,056
6.7
6.7
GRAND HIGHLANDER
12,126
11,577
0.6
4.7
75,521
65,419
15.4
15.4
4RUNNER
12,981
5,754
116.6
125.6
72,320
30,013
141.0
141.0
SEQUOIA
2,457
2,126
10.9
15.6
13,939
12,222
14.0
14.0
LAND CRUISER
2,087
2,885
-30.6
-27.7
16,412
27,336
-40.0
-40.0
TOTAL TOYOTA DIV. SUV
81,156
74,121
5.1
9.5
458,840
478,046
-4.0
-4.0
SIENNA
10,641
8,345
22.4
27.5
55,252
52,762
4.7
4.7
TACOMA
23,158
21,508
3.4
7.7
143,848
130,873
9.9
9.9
TUNDRA
11,318
11,434
-5.0
-1.0
74,368
74,966
-0.8
-0.8
TOTAL TOYOTA DIV. PICKUP
34,476
32,942
0.5
4.7
218,216
205,839
6.0
6.0
TOTAL TOYOTA DIV. TRUCK
126,273
115,408
5.0
9.4
732,308
736,647
-0.6
-0.6
UX
813
664
17.5
22.4
5,382
5,001
7.6
7.6
NX
5,781
6,227
-10.9
-7.2
30,763
38,253
-19.6
-19.6
RZ
1,004
763
26.3
31.6
7,814
3,779
106.8
106.8
RX
9,836
8,108
16.5
21.3
59,904
52,888
13.3
13.3
TX
5,301
4,729
7.6
12.1
28,112
25,147
11.8
11.8
GX
2,444
2,428
-3.4
0.7
14,981
18,893
-20.7
-20.7
LX
620
530
12.3
17.0
3,717
3,680
1.0
1.0
TOTAL LEXUS DIV. TRUCK
25,799
23,449
5.6
10.0
150,673
147,641
2.1
2.1
TOTAL TMNA TRUCK
152,072
138,857
5.1
9.5
882,981
884,288
-0.1
-0.1
Selling Days
25
24
152
152
DSR = Daily Selling Rate
TOYOTA U.S. ELECTRIFIED VEHICLE SALES SUMMARY
June 2026
-- CURRENT MONTH --
-- CALENDAR YEAR TO DATE --
2026
2025
DSR %
VOL%
2026
2025
DSR %
VOL%
TOYOTA PRIUS HYBRID
1,825
2,421
-27.6
-24.6
11,785
26,221
-55.1
-55.1
TOYOTA PRIUS PLUG-IN HYBRID
2,204
1,263
67.5
74.5
7,733
7,624
1.4
1.4
TOYOTA COROLLA HYBRID
3,157
3,288
-7.8
-4.0
23,731
27,554
-13.9
-13.9
TOYOTA CAMRY HYBRID
31,573
25,333
19.6
24.6
179,033
155,289
15.3
15.3
TOYOTA MIRAI
20
7
174.3
185.7
129
46
180.4
180.4
TOYOTA CROWN
656
922
-31.7
-28.9
5,152
5,054
1.9
1.9
TOYOTA SIENNA HYBRID
10,641
8,344
22.4
27.5
55,248
52,755
4.7
4.7
TOYOTA 4RUNNER HYBRID
3,659
1,610
118.2
127.3
17,142
5,512
211.0
211.0
TOYOTA HIGHLANDER HYBRID
2,242
2,032
5.9
10.3
22,894
15,378
48.9
48.9
TOYOTA GRAND HIGHLANDER HYBRID
6,645
5,431
17.5
22.4
44,280
31,481
40.7
40.7
TOYOTA SEQUOIA HYBRID
2,457
2,126
10.9
15.6
13,939
12,222
14.0
14.0
TOYOTA LAND CRUISER HYBRID
2,087
2,885
-30.6
-27.7
16,412
27,336
-40.0
-40.0
TOYOTA BZ BEV
1,953
1,223
53.3
59.7
17,553
9,249
89.8
89.8
TOYOTA BZ WOODLAND BEV
294
0
0.0
0.0
554
0
0.0
0.0
TOYOTA RAV4 HYBRID
27,774
14,565
83.1
90.7
118,016
95,813
23.2
23.2
TOYOTA RAV4 PLUG-IN HYBRID
4,554
633
590.7
619.4
14,775
11,357
30.1
30.1
TOYOTA COROLLA CROSS HYBRID
1,932
1,922
-3.5
0.5
8,209
17,992
-54.4
-54.4
TOYOTA CROWN SIGNIA
1,728
1,077
54.0
60.4
11,231
12,282
-8.6
-8.6
TOYOTA VENZA HYBRID
1
3
-68.0
-66.7
6
692
-99.1
-99.1
TOYOTA TACOMA HYBRID
3,030
2,573
13.1
17.8
16,446
14,282
15.2
15.2
TOYOTA TUNDRA HYBRID
2,195
2,492
-15.4
-11.9
13,891
13,430
3.4
3.4
LEXUS ES HYBRID
3
1,629
-99.8
-99.8
160
8,509
-98.1
-98.1
LEXUS UX HYBRID
813
664
17.5
22.4
5,382
5,001
7.6
7.6
LEXUS LX HYBRID
338
243
33.5
39.1
1,872
1,158
61.7
61.7
LEXUS NX HYBRID
2,515
2,668
-9.5
-5.7
15,137
15,450
-2.0
-2.0
LEXUS NX PLUG-IN HYBRID
747
380
88.7
96.6
5,813
4,230
37.4
37.4
LEXUS RZ BEV
1,004
763
26.3
31.6
7,814
3,779
106.8
106.8
LEXUS RX HYBRID
4,054
2,452
58.7
65.3
25,483
21,507
18.5
18.5
LEXUS RX PLUG-IN HYBRID
678
323
101.5
109.9
4,167
3,449
20.8
20.8
LEXUS TX HYBRID
1,086
1,028
1.4
5.6
5,623
4,364
28.8
28.8
LEXUS TX PLUG-IN HYBRID
196
85
121.4
130.6
750
427
75.6
75.6
LEXUS LS HYBRID
0
1
-100.0
-100.0
1
24
-95.8
-95.8
LEXUS LC HYBRID
2
1
92.0
100.0
5
7
-28.6
-28.6
TOTAL TMNA Electrified Vehicles
122,063
90,387
29.6
35.0
670,367
609,475
10.0
10.0
TOTAL TOYOTA Electrified Vehicles
110,627
80,150
32.5
38.0
598,160
541,570
10.4
10.4
TOTAL LEXUS Electrified Vehicles
11,436
10,237
7.2
11.7
72,207
67,905
6.3
6.3
TOTAL TMNA SALES RATIO
57.4 %
46.8 %
53.9 %
49.3 %
Selling Days
25
24
152
152
SOURCE Toyota Motor North America
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Original source text
Toyota Motor's all-new RAV4 SUVs are displayed during its world premiere event in Tokyo, Japan May 21, 2025. REUTERS/Manami Yamada Purchase Licensing Rights, opens new tab
CompaniesTOKYO, June 29 (Reuters) - Toyota Motor (7203.T), opens new tab said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
Global sales dropped 7.2% year-on-year to 834,279 vehicles, Toyota said in a release. Overseas sales fell 9.6%, while those in Japan rose 11.1%, helped by strong demand for models such as RAV4 and bZ4X.
By region, sales in China plunged 31.7% amid tough market conditions, partly due to rising petrol prices, while those in the Middle East slumped 38.6%. In the U.S., Toyota's top market, they edged down 0.6%.
Global production declined 5.5% from a year earlier, as a 3.8% drop in the U.S. and a 13.3% decrease in Asia offset a rise in Japan.
Toyota's figures include its luxury brand, Lexus.
Reporting by Daniel Leussink; Editing by Rashmi Aich
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