Richard
LoFaso
Richard
LoFaso, Toyota Motor Sales U.S.A. corporate marketing manager for Truck
Operations, hopes to increase sales with Toyota’s redesigned
Tundra full-size pickup.
Richard
LoFaso is
corporate marketing manager for Truck Operations at Toyota Motor Sales
U.S.A., Inc. He’s responsible for product marketing strategy
and tactical plans for Toyota light trucks, such as pickups, which are
in a booming market. LoFaso most recently was corporate marketing
manager for Toyota passenger cars and before that was general manager
for the Lexus western area. Previously, he was national sales and
production planning manager, besides national market planning and
facilities manager, for the Toyota division. LoFaso began at Toyota as
a corporate intern in 1981. He earned a bachelor of science degree in
automotive management and service from Western Michigan University,
where he graduated cum laude. Dan Jedlicka interviewed LoFaso at the
media introduction of the redesigned 2014 Toyota Tundra full-size
pickup truck near Knoxville, Tenn.
Q.
Full-size pickups from Ford and General Motors long have dominated that
pickup truck market, while the Chrysler Group’s Ram pickup is
coming on strong. Tundra sales are far behind those trucks.
A. The Tundra has a solid reputation, and we have no ambitions to sell
in the 400,000-500,000 range, like Ford or GM. With full production of
the redesigned 2014 Tundra, we expect to sell approximately 137,000
units next year and build business over time.
Q. The
last redone Tundra, introduced for 2007, didn’t fare well.
Why is that?
A. It was a good all-new truck introduced at the wrong
time—when the recession hit and the pickup market collapsed.
Now we have a great new truck with the 2014 Tundra and timing for its
introduction is good because there’s significant demand for
large pickups again.
Q.
Most American truck buyers have been very loyal to an American brand.
Will that affect Tundra sales?
A. We have the opportunity with the new Tundra to do a better job of
selling it as an “All-American” truck. It was
engineered and styled in America, with its engines and transmissions
built here. It’s assembled at Toyota Motor Manufacturing in
Texas. Toyota has tremendous brand loyalty, so the Tundra should
attract Toyota fans, but also others who have no brand interest and
just want a capable upscale pickup.
Q.
How will you make pickup truck buyers aware of all that?
A. We’ll have a fully integrated campaign to tell the
Tundra’s story. Some of its development resulted from
listening to comments of American truck buyers in consumer clinics. We
filtered significant things they said. Pretty soon, we found many
having the same suggestions. I find consumer groups to be an invaluable
tool.
Q.
What came out of some of the clinics?
A. Some consumers said they wanted a back seat that entirely flipped
up, instead of just fold-down seatbacks. The flip-up seat allows
larger, bulkier cargo to fit inside the cab. We heard that some pickup
owners had to replace the entire front lower bumpers of their truck or
the rear bumper because a bumper got damaged. That’s
expensive. So we came up with a three-piece bumper to lower replacement
costs. You can replace just the damaged part of the bumper.
Q.
More women are driving pickup trucks.What do women in these consumer
groups say they especially want?
A. They want a nicer interior. They say they spend most of their time
looking at a pickup’s interior, not the outside styling.
Q. Do
you have a full range of Tundras, like fulll-size pickup truck leaders
Ford and GM?
A. There’s a variety of Tundra models. There are five grades,
three cab styles and three engines, besides two automatic
transmissions.
Q.
Does the new Tundra have higher prices?
A. The Tundra’s list prices start at $25,920 and end at
$47,320. Based on comparisons between the new grade strategy for 2014
models and 2013 models with comparable equipment levels, the
MSRP’s reflect an overall average decrease of
$263.
Q.
Which cab style is the most popular, or at least becoming the most
popular?
A. The Crew Cab is very popular because it can he had with four doors,
and many pickup owners use it as a car. For instance, while all new
Tundras have redesigned interiors, the higher-line Platinum grade for
the next generation of “personal use” truckers has
perforated, diamond pleated premium leather seats, door and instrument
panel inserts and chrome seat and console accent badging for an
upscale, yet urban, feel. The Platinum also has a premium audio system
and heated and ventilated front seats. You can pull up to the country
club with it. There’s more demand for premium pickups.
Q.
Journalists have been testing the new Tundra at its media preview with
the truck’s 5.7-liter, 381-horsepower V-8. While
it’s sophisticated, isn’t the trend toward smaller
engines for better economy and such?
A. We found that smaller engines in a large pickup must work harder,
with more revs, and thus don’t meet expectations. The
Tundra’s 5.7-liter V-8 is the most popular engine with
owners. Fuel efficiency with 4x2 models is (an estimated) 13 mpg in the
city and 18 on highways, with the 4x4 getting 13 and 17. Only 87-octane
is required, and that engine is E85 capable.
Q.
Where’s the direct fuel injection system for Tundra engines?
That system is all the rage today in many vehicles. The 5.7 V-8
doesn’t have it, nor do the Tundra’s available
4-liter 270-horsepower V-6 and 4.6-liter 310-horsepower V-8. (The
4-liter gets 16 mpg. city, 20 highway with 2WD, while the 4.6 delivers
15 and 19 with 4x2 and 14 and 18 with 4WD.) These engines also can use
87-octane (or higher) fuel.
A. We found that the cost benefits of adding direct injection to the
Tundra aren’t really there—that consumers
aren’t experiencing advertised fuel economy gains of direct
injection in light trucks. We don’t need turbocharged
engines, either. We feel we should invest in things that customers can
appreciate.