50 years of Toyota in the U.S.

On October 31, 1957, Toyota officially opened for business in the United States. The American auto business hasn't been the same since.

Toyopet Crown
1957
Toyopet Crown
When Toyota entered the American car market with the Toyopet in 1957 (all years in this story are calendar years, not model years), General Motors was at its zenith, not just as a business but as an American cultural institution.

Toyota, on the other hand, was nothing, at least as far as General Motors, Ford and Chrysler were concerned. European imports - sporty cars and the strange but popular Volkswagen Beetle - were causing some stir and forcing Detroit to respond with cars like the Chevrolet Corvette and Corvair and the Ford Mustang. Cars from Japan, a nation synonymous with exporting cheap toys, hardly seemed a threat.

Some on the American side of Toyota's new venture were worried that shoppers might not take a car called the Toyopet very seriously. But Americans were embracing a car called the Beetle, weren't they?

But even Toyota soon recognized that the Toyopet really didn't warrant being taken seriously, whatever it was called. It was underpowered, uncomfortable, lacking in even basic amenities, and it cost more than better offerings from European competitors.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.