Pre-orders were temporarily suspended. Owners must sign a promise not to resell their vehicle.
After last week’s Japanese reports that 2022 Land Cruiser owners were not allowed to resell their vehicle because of security concerns Toyota issued a formal response to an inquiry by Mag-X. According to the local magazine, preorders for full-size SUVs have been temporarily suspended. New owners must sign a promise not to export the vehicle’s body-on-frame frame. Toyota Motor Corporation and Toyota dealers have a common understanding that the sale of vehicles in Japan does not end. However, each dealership will maintain a relationship with customers, including after-sales support, to ensure safety and security.
“Additionally, the Land Cruiser is very popular overseas. We are concerned about the flow from Japan to overseas immediately following their release. There also the possibility that they could be exported to certain areas where security regulations are in effect.” “We also know that if the situation deteriorated to the point that a Toyota dealer was under investigation for violating the Foreign Exchange and Foreign Trade Law (Foreign Exchange Law), this would cause a serious problem for not only the Toyota dealership in question, but all Toyota dealers and Toyota Motor Corporation.”
Toyota Motor Corporation, as a manufacturer of vehicles, has raised the concern of all Toyota dealers across the country about the possible violation of the Foreign Exchange and Foreign Trade Laws. This is to reduce the likelihood of any legal violations.
“Taking this as a guide, we acknowledge that each dealer has taken a decision in the interest of legal compliance and received a written promise from the customer. These measures were based on the current global situation and the Land Cruiser’s characteristics. We believe they are not in violation of the Anti-Monopoly Law. “Toyota Motor Corporation will continue delivering quality products through its distributors and dealers around the globe while adhering to the laws and regulations in each country. We ask for your understanding. The LC300 has already received more than 22,000 preorders in its domestic market since Toyota opened the order books at the beginning of August. The LC300 will be available for purchase on August 2 at a price of 5.1 million yen, or approximately $46,500 at current exchange rate. This is 300,000 yen ($2,700 more than the model it replaces. The preorders were largely for resale. If that is confirmed, the preorder will be cancelled.
Toyota will stop production of the new Land Cruiser August 5-6 due to parts shortages caused by the spread coronavirus throughout southeast Asia. Production of the original Land Cruiser 70 series, which was launched in 1984, will be stopped for two days. The same applies to the luxurious Lexus.