"I think 30 percent [cars] is probably where we're going to be for the foreseeable future," Lentz said.
"Even if you look at fuel prices — last week, I bought gas for my car for $1.69 a gallon in Texas — if fuel prices go up, if you look at a Camry versus a RAV4, the fuel economy between those vehicles is about the same."
Lentz said if fuel prices rise, it's clear that consumers "will just buy more fuel-efficient SUVs and not necessarily go back to sedans. But with that said, I don't think we're going to see a drop in the percentage of sedans at the rate that it's been. I think we're pretty close to where that's going to be."
Lentz acknowledged that Toyota expected a decline in sales last year that didn't happen.
"I think we kind of underestimated the impact of the president's tax plan, but I think that that's going to be kind of an impact in '18 and not necessarily in '19. I think it just stimulated some business — even the rent-a-car business." When U.S. sales rose to 17.3 million last year from 17.2 million in 2017, it "surprised everybody."