TORRANCE, California — Toyota announced it will stop production of the Toyota Venza at Toyota Motor Manufacturing, Kentucky by June 2015 for the United States and by September 2017 for other export destinations.
Toyota said no jobs will be lost at the plant as a result of the decision.
"Though ceasing Venza production was a difficult decision, Toyota remains committed to significant growth in both the midsize SUV and small SUV segments," the automaker said in a statement provided to Edmunds on Tuesday. "Over the past 24 months, Toyota has significantly increased production of RAV4 and also recently announced future investment at its Princeton, Indiana, assembly plant to support additional growth of Highlander."
The Kentucky plant assembles the Toyota Avalon, Avalon Hybrid, Camry and Camry Hybrid. Later this year, it will begin production of a refreshed 2016 Toyota Avalon, as well as the new Lexus ES, the first Lexus assembled in the U.S.
Toyota sold 2,105 Venzas in January, a decrease of 2 percent compared to January 2014.
Edmunds says: If the Toyota Venza is on your shopping list, now is a good time to finalize a deal.