As Toyota sales continue to grow, Toyota North America President Jim Press told Automotive News today that they have no plans to expand the number of dealerships.
Press indicated that adding more Toyota or Lexus dealership would just encourage price-cutting competition within the brand, and make the dealerships less profitable.
"Dealers have got to be able to make a profit or they can't make investments for customer satisfaction," Press said.
Each Toyota franchise currently sells an average of 1,821 cars per year, while each Lexus franchise sold an average of 1,479 cars.
Press stated that modern Toyota stores are "giant corporations" are expected to get bigger.