2024 Toyota Grand Highlander
Toyota
CHICAGO — Toyota Motor is increasing its segment-leading, three-row crossover lineup with the brand new 2024 Grand Highlander, together with two gas-powered hybrid choices.
The automaker revealed the car as an even bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday evening. It is longer and wider than the Highlander and gives 13.2 cubic toes of extra cargo quantity, in accordance with Toyota.
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The car is the most recent instance of automakers making an attempt to go larger and check their pricing energy as customers spend document quantities on new autos. The common value paid for a brand new car to start this 12 months was almost $50,000, as automakers prioritize high-end fashions over entry-level fashions amid ongoing, but bettering, provide chain issues.
Toyota didn’t announce pricing for the Grand Highlander, nevertheless analysts count on it to be above comparable common fashions that begin between $36,000 and $51,000. It will probably be supplied in three trim ranges when it arrives in dealerships this summer season.
2024 Toyota Grand Highlander
Toyota
The common value paid for the present Highlander was greater than $46,600 — $48,801 for the hybrid — throughout the fourth quarter of final 12 months, in accordance with Edmunds.
The Grand Highlander provides to the rising three-row midsize crossover phase within the U.S., which has expanded from 12 nameplates in 2018 to 16 autos for 2023, together with the Grand Highlander, Edmunds stories. Other current additions embrace the Jeep Grand Cherokee L, the Hyundai Palisade and the Kia Telluride.
The Grand Highlander will compete in opposition to these autos in addition to the Ford Explorer, Chevrolet Traverse and different well-liked bigger midsize SUVs/crossovers. Such autos have turn out to be more and more well-liked — with gross sales up 4% from 2018 to 2022 — as Americans have moved away from massive sedans and different autos.
Ivan Drury, Edmunds’ director of insights, mentioned customers are more and more three-row crossovers as alternate options to minivans, that are ergonomic however have confronted stigmas of being uncool.
“Everybody wants a minivan but nobody wants to admit it,” he mentioned. “People want third rows even if they don’t use it.”
2024 Toyota Grand Highlander
Toyota
The Grand Highlander was revealed in connection to this week’s Chicago Auto Show. Several auto manufacturers corresponding to Jeep and Volkswagen are anticipated to disclose specialty fashions that can doubtless push up costs.
The Grand Highlander, whereas larger than the usual Highlander, will probably be smaller than Toyota’s Sequoia SUV, which is produced by way of a truck-based, or “body-on-frame,” course of. That meeting affords larger utility however much less on-road consolation than a “unibody” course of utilized for automobiles and crossovers just like the Highlander fashions.
“The current Highlander is a little bit smaller than the Palisade or the Traverse,” mentioned Stephanie Brinley, principal automotive analyst at S&P Global Mobility. “You’ve got space for this. It’s also not as ‘truckie’ as the Sequoia.”
The Highlander was considered one of Toyota’s best-selling autos final 12 months, at almost 223,000 autos offered. It was solely outsold by the Toyota RAV4 small crossover and Camry sedan. Brinley would not count on the Grand Highlander to be a serious quantity product, however mentioned it “rounds out” Toyota’s crossover lineup and offers prospects extra choices.
Edmunds stories the Highlander was the best-selling three-row midsize crossover/SUV within the U.S. final 12 months, beating out the Ford Explorer, Grand Cherokee L and Toyota 4Runner. It’s additionally some of the cross-shopped autos by customers within the phase, in accordance with Edmunds.
2024 Toyota Grand Highlander
Toyota
Toyota says the Grand Highlander will provide a set of lively security and comfort options in addition to 13 cupholders and 7 USB-C cost ports throughout the car’s three rows.
The SUV will probably be supplied with three completely different engines, together with two hybrids — setting it aside from lots of its high rivals. The entry-level four-cylinder turbo gasoline engine and V6 hybrid are at present accessible on the Highlander. The top-end V6 Hybrid MAX will produce 362-horsepower and 400-pound toes of torque, Toyota mentioned.
The hybrid Grand Highlanders comply with Toyota’s total technique of providing a mixture of conventional gasoline engines, hybrids and all-electric autos because it pushes towards carbon neutrality by 2050.
“This three-row model takes the Highlander legacy to an entirely new space while also keeping our promise to deliver on electrification,” Lisa Materazzo, group vp of Toyota advertising, mentioned in a launch.
Toyota’s U.S. car lineup contains 10 hybrids, two plug-in hybrid electrical autos and the all-electric bZ4X and the gas cell-powered Mirai.
The Japanese automaker has been criticized by some buyers and environmental teams for not shifting to all-electric autos extra rapidly. The firm has argued that not all customers will transfer to EVs on the similar time and that it might probably produce dozens of hybrids with the identical quantity of carbon emissions as one all-electric car.
Toyota plans to take a position roughly $70 billion in electrified autos, together with $35 billion in all-electric battery applied sciences, over 9 years. It plans to supply about 70 electrified fashions globally by 2025.
Toyota — the world’s largest automaker — plans to promote about 3.5 million all-electric autos yearly by 2030, which might quantity to solely a 3rd of its present annual gross sales.
Source: www.cnbc.com”