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Demand for the new Toyota Rav4 is in such high demand that dealers are selling out before cars even arrive on their lots. With hybrids now accounting for over 18% of new vehicles sold in the U.S., and gas prices elevated by the war in Iran, Toyota’s all-hybrid Rav4 lineup has landed at the center of the SUV market. CNBC’s Phil LeBeau has more on the story.
Chapters:
0:00 - 1:23 Introduction
1:24 - 3:01 Rav4’s strong demand
3:02 - 4:22 Risks
Reporting by: Philip LeBeau
Senior Field Producer: Meghan Reeder
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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Why Toyota’s New Rav4 Is In Such High Demand
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