With the Venza already being a premium, two row Toyota CUV product on GA-K, where would they place a Crown CUV in the US portfolio - or do they just not care about Lexus anymore? Venza, NX, “Crown SUV,” and RX could be a bit over crowded.
One question for you,
@ssun30: what is the chance that the Crown CUV is electric only? I can’t share more than that.
Isn't Toyota going to use Prius as a sub-brand name for its E-TNGA lineup like Hyundai does with Ioniq?
You gave me some hints. Recently GAC revealed that another mid-to-large SUV besides the Highlander will go into production in 2022 in China. I am very confident this will be an electric-only model. I don't know about their US production plans.
Another thing is the SUV market today is so large that manufacturers can justify a new model for every 10cm in length. It sounds like a lot of cannabalization but it really isn't the case. Toyota currently has
1 4.0m class (Raize)
1 4.2m class (Yaris Cross)
1 4.4m class (C-HR)
1 4.5m class (Corolla Cross)
1 4.6m class (RAV4)
2 4.7m class (Harrier/Fortuner)
1 4.8m class (LCP/4Runner)
1 4.9m class (Highlander)
1 5.0m class (LC200)
1 5.2m class (Sequoia)
You may notice in the 4.8m class (midsize 2-row), which is arguably the second most competitive SUV segment globally (after the 4.6m class), Toyota only has a BOF truck-based SUV. But that's not the right product for everyone. It's obviously the biggest weakness in Toyota's SUV lineup currently.