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News   February 4, 2016   by CARS Magazine

Toyota drops Scion brand


Scion_FR-S_3-22-2012-Toyota-Motorsports-Kickoff-Day-USA-100-57After slumping sales, Toyota has announced it will discontinue its Scion sub-brand.

Scion’s iA, iM and FR-S will continue under the Toyota name, while the tC will be phased out.

The goal of Scion had been to attract younger buyers with products that differ from the Toyota brand. Scion peaked in 2006 with 173,034 units, but by 2015, the brand’s sales had slumped to 56,167 units.

“Dropping the Scion brand, while applying lessons learned to improve Toyota’s sales and marketing processes, will enable Toyota to cut the marketing and support costs for a weak third brand and better deploy those resources throughout the company,” said Stephanie Brinley, the senior analyst for IHS Automotive. “Scion started strong, but its sales during the recession fell disproportionately compared with the rest of the market, as the brand was still relatively new and chose alternative marketing methods.”

www.toyota.ca


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