Toyota Australia stopped taking orders for limited supply LandCruiser 70 Series horse, because the customer’s waiting time is out of control.
The company said a combination of ongoing production issues and historically high demand was the reason for its decision, with multi-year waiting times currently unresolvable.
“Available supply is being impacted by ongoing production disruptions in the global auto industry,” the company said in a news release today.
“At the same time, the popularity of this model among Australian customers remains at an all-time high.”
Toyota Australia Vice President of Sales, Marketing and Franchise, Sean Hanley said today the decision was made in light of the “evolving situation”.
“The Toyota team has worked diligently to deliver a record number of vehicles with exceptional support from our parent company. At the same time, strong demand and industry-wide supply challenges globally mean we simply cannot fulfill orders faster,” he said.
“We have therefore decided to pause new customer orders for the LandCruiser 70 Series. Dealers will contact customers directly about waiting times for individual existing orders in the coming months.
“We are closely monitoring the global supply situation and will continue to make decisions based on the best interests of our customers and dealers.
“I understand this news will be disappointing and would like to sincerely apologize to our customers and assure them that we will continue to update them as more information becomes available.”
Not sure what this means for LandCruiser 70 The update, which TMC Australia said in April this year, will arrive in local showrooms around November.
We have reached out to Toyota Australia for comment.
Updates details a few months ago focused on adding more modern safety features to the older carriage, as well as upgrading the GVM that reclassified it as a midsize cargo vehicle, allowing it to respond to ongoing ADRs.
The LandCruiser 70, made in Japan on a low scale for certain markets, is one of Toyota’s hardest hit vehicles amid ongoing COVID and semiconductor shortages. in the supply chain. It is also one of its most profitable.
Real, an agent told a customer The Series 70’s waiting period is three to four years, “or never”. Toyota objected to that claim at the time…
Meanwhile, expect prices of used LandCruiser 70s to skyrocket even further, as demand will remain sky-high due to lack of competition – new Ineos Grenadier aside.
The classifieds pages are littered with LC70s being sold with low mileage in the six-figure range.