Forecast of The Day: Toyota’s Average Revenue Per Vehicle Sold
What?
The average revenue per vehicle sold for Toyota (NYSE:TM) has risen from $27,000 in 2019 to $30,000 in 2021. Trefis expects the metric to grow to over $32,000 by 2023.
Why?
- Down 20% Over The Last Month, Is Toyota Stock Attractive?
- Hybrids Will Drive Toyota’s Q1 Earnings
- With Hybrid Sales Surging, Is Toyota Stock Attractive At $230?
- With EV Plans Taking Shape, What’s Next For Toyota Stock?
- Toyota Stock Looks Like A Buy Despite Tepid Guidance
- Why Toyota Stock Looks Like A Buy Despite Mixed Earnings
Toyota has been prioritizing sales of higher-end models and trims, as the industry contends with rising costs and component shortages. The company’s new models and an increasing preference for SUVs could also drive average prices higher.
So What?
We think Toyota stock is undervalued at current levels. We value TM stock at $213 per share, about 27% ahead of the current market price.
See Our Complete Analysis For Toyota
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | Apr 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| TM Return | -7% | -10% | 43% |
| S&P 500 Return | -2% | -7% | 99% |
| Trefis Multi-Strategy Portfolio | -1% | -9% | 259% |
[1] Month-to-date and year-to-date as of 4/18/2022
[2] Cumulative total returns since the end of 2016
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