Toyota executives lauded the early success of the new Toyota Camry with critics -- it is a finalist for the North American Car of the Year award. Camry sales surged 24 percent to 34,991 units in November.
"It's a quantum leap in the drivability and the fun-to-drive aspects of the midsize sedan," Bob Carter, executive vice president of sales for Toyota Motor North America, said of the Camry launch.
Carter also said annual U.S. new-vehicle sales could be in the high 16 million range over the next two years, indicating health in the industry moving forward.
"We're very bullish on what's happening in the overall economy, so we're looking out the next two to three years, we see a very good environment for 2018 and 2019," Carter said.
"On terms of future sales, we're going to be consistent, though the market is going to be contracting a little bit, we're still at all-time high levels. We think we're very well positioned to maintain our current rate of sales."
Toyota brand U.S. sales improved 2 percent to 1.9 million units through November. Overall Toyota sales rose 0.2 percent to 2.2 million vehicles over those 11 months.