Why did Toyota discontinue iQ?

Why Toyota Discontinued the iQ
Toyota discontinued the iQ due to several factors, including market demand, production costs, and the impact of the exchange rate. The decision was influenced by the relatively small sales of the iQ, which led to the model being discontinued in 2014 without a direct replacement ever following. Additionally, the extremely high Yen/Euro exchange rate hampered sales growth, contributing to the decision to discontinue the iQ.
The iQ was a very expensive car to engineer, with many aspects having to be developed bespoke for it, rather than being shared with other models. This, combined with its relatively high list price compared to larger rivals, impacted its competitiveness in the market.
Furthermore, the iQ’s cramped interior, high cost, and the availability of larger, more affordable models like the Aygo also played a role in the decision to discontinue the iQ.
In summary, the discontinuation of the iQ was influenced by its sales performance, production costs, exchange rate impact, and market positioning compared to other models in Toyota’s lineup.

Is Toyota iQ rare?

There are 16,793 TOYOTA IQ left in the UK with an MOT. 0.0499% of all UK vehicles are TOYOTA IQ. Vehicle data is updated in near real-time as they pass & fail MOT tests.

Why did they stop making scions?

Why did Toyota kill Scion, which was known as a hipster brand among younger drivers? Their target audience was found to be buying Toyotas over the Scion. The intent of the Scion launch was to appeal to that younger crowd, so when they stopped buying them, the market for that brand was lost.

How many miles can a Toyota iQ do?

iQ’s tank holds seven imperial gallons (32 litres) of fuel; after we filled it to the brim we managed to go for 504.2 miles.

Why did Toyota stop making the iQ?

UK sales of the Toyota iQ stopped in 2014. Unfavourable exchange rates between Europe and Japan hampered sales, and alterations needed to meet upcoming EU emissions regulations would have further increased the model’s price. The model went out of production for other markets in 2015.

Is the Toyota iQ a future classic?

As the IQ hasn’t been on sale for many years, used values are now relatively affordable, that said the quirky looks and layout means it does have quite a loyal following, with many IQ owners on their second or third car. It may even be considered a ‘future classic’ in the years to come.

What was the last year of the Toyota iQ?

2015
In the United States and Canada, the iQ was marketed under Toyota’s Scion brand, then Toyota’s North American small car brand. The car was introduced in 2012 and discontinued with its Toyota counterpart in 2015.

Why is Toyota declining?

T) on Wednesday posted a 9.6% fall in its 2022 U.S. new vehicle sales as a shortage of semiconductor chips and rising costs hampered the Japanese automaker’s production earlier in the year. The company said it sold 2,108,458 vehicles in 2022, down from 2,332,262 vehicles in 2021.

Is Toyota iQ a reliable car?

Toyota are very reliable cars in general and the iQ hasn’t had any major problems associated with it in the past.

Is Scion iQ a good car?

Slow, noisy, and uncomfortable, the iQ’s few positives include exceptionally easy parking, and its very good 34-mpg overall fuel economy. The extremely tiny rear seats won’t make anyone riding in the second row happy, and the numb and overly quick steering makes the iQ less-than-enjoyable to drive.

How many miles will Toyota iQ do?

But we are interested to find out how far the iQ can go on a tank: we’re aiming to average more than the car’s official 65.7mpg, giving us a range of more than 460 miles.