Toyota achieved record profits last year despite being knocked by the Covid pandemic but it has warned of a shortfall in 2023 caused by strong industry headwinds.
Bosses say Toyota's earnings could fall by as much as a fifth next year because an “unprecedented surge” in material costs has hit vehicle production.
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Toyota has taken advantage of the supply shortage and demand to ramp up prices time after time.
Demand has been high for the RAV4 PHEV as its the only one that actually works, giving decent MPG even after the battery is flat yet still dodging BIK tax more than most due to good battery range.
Over 20K for a base Yaris? I think some bits of the car industry enjoying the crisis, bigger margins.