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Toyota Considers Making Tiny Trucks for U.S. Market as Demand Booms

  • Toyota is considering launching a small pickup truck for the U.S. market to compete in the growing compact truck segment in 2025 and beyond.
  • This development comes in response to growing consumer interest in affordable, car-based compact pickups, a segment popularized by models such as Ford’s Maverick and Hyundai’s entry in the category, which have influenced Toyota’s plans.
  • Toyota executives, including COO Mark Templin and SVP Cooper Ericksen, confirmed via interviews that they are exploring this segment due to dealer requests for a pickup smaller than the Tacoma midsize truck.
  • Ford sold 131,142 Mavericks in 2024, up 39%, with a starting price near $28,145, while Hyundai’s Santa Cruz sold 32,033 units but declined 13%, demonstrating a market for competitively priced small pickups.
  • Toyota’s potential compact truck may offer a lower-cost, car-like alternative to Tacoma or Tundra, addressing budget-conscious buyers, though timing and powertrain details remain unconfirmed.
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Bloomberg broke the news in United States on Wednesday, May 21, 2025.
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