2024 Toyota Venza Release date, Changes, Price, and Engines. The new 2024 Toyota Venza is going to present some radical changes. The vehicle will use a modern platform, with a significant reduction in body mass and an increase in gas mileage. According to announcements, the new 2024 Venza is a product of Lotus Engineering. New, lightweight materials in its body will make a weight drop by almost 40 percent. On the other hand, the development and the final product are not going to cost too much more– only 3-5%. Another final result will be lower fuel consumption. The new Venza will return 30 percent more miles than before.
The 2024 Toyota Venza concept is showing everything Lotus Engineering is trying to do. It is a light vehicle, fuel- and environmental-friendly model. These are the two main philosophies, lead by the latest NHTSA and EPA regulations. Their vehicles, including 2024 Venza, will have no problem with emissions and efficiency.
Now, we are trying to figure out answers to only a few questions. — when will 2024 Toyota Venza be available? Second– exact fuel economy numbers. Third– where will the new Venza be built?
2024 TOYOTA VENZA REDESIGN
After upgrades by Lotus Engineering, we will see much higher outputs for the Toyota Venza. Its production ended in 2015 for the US, the vehicle was available for the next two years in other markets. Whatsoever, the 2024 Toyota Venza redesign is bringing a much lighter platform that will boost fuel economy and power outputs. The old model looks outdated, that is obvious. New images and renders are showing a totally fresh platform and styling of the Toyota Venza 2024 model. The focus in on performance, we can not mention the redesign and changes it brings.
Here is the story of Venza: after its final discontinuation, the company disassembled the crossover. After detailed analysis, designers pointed to few directions of development. Chiefs opted for the lighter and more efficient vehicle. After that, engineers had to test the new concept. The 2024 Toyota Venza will get a similar size as its predecessor since testing showed that lightweight materials are keeping the safety and strength at the same level. There is no need to worry about that.
WEIGHT DROP– MILEAGE JUMP
In numbers and percentages, the 2024 Toyota Venza will present some stunning improvements. We are talking about a diet. How much pounds the new Toyota Venza 2024 model will lose? According to the company, 38 percent without the engine, or 33% with the powertrain. We can call it crazy, but the crossover SUV is as safe as its predecessor. What’s more– the cost of the vehicle’s development is just 3 percent higher. Unbelievable, but these are official details.
Converted into other benefits, this weight drop will boost gas mileage. Lighter and more efficient 2024 Toyota Venza will be able to return 30 percent more miles per gallon. Both four-pot and V6 engines the crossover SUV used in the past could do 23 mpg combined. With a 30 percent boost, we can expect the new mid-size model to be very close to 30 miles per gallon. These are serious numbers since no other vehicle in the class can match. On the other hand, we will see what is going on with the price, since the cost of materials is not the only factor that forms the final value.
2024 TOYOTA VENZA PRODUCTION
One of the major questions that bother experts– where will the new 2024 Toyota Venza be built? Seems like the easy answer, but it is not so simple. Options are to build 2024 Venza in one of the existing factories, or to build a plant for this and other future models based on the same concept The second option is less likely, since it would raise the total cost of the SUV. On the other hand, existing plants need special machines and equipment, so the new lines must be added to these factories. Again, that takes other factors involved, so a tough choice is ahead of chiefs in Toyota.
When we mentioned that production cost is 3-5 percent higher, it refers only for materials used for the body. With the price higher for that percentage and fuel saving over 30%, the new 2024 Toyota Venza will still be a good deal.
HOW MUCH WILL 2024 TOYOTA VENZA COST?
We won’t discuss trim levels since that would complicate the entire story. The base model final year of production came with a price of just under $30,000. If we add 5% of the cost of materials, that will be almost $2,000 more. And that is not all. The company must pay off the engineers, tests, and new equipment needed for building the 2024 Toyota Venza. Having all that in mind, experts believe the crossover SUV could cost about $35,000. A three-row mid-size model by the same company, Highlander, starts at $31,500. Yes, Venza will bring a lot of new technologies and fuel saving, but reliability and proof of quality are on Highlander’s side.
Math says this– the difference is $3,500. The 2024 Toyota Venza will return 5 mpg more. Average driving distance in the US is 13,500 miles per year. Venza will need 450 gallons of fuel, and Highlander 562 gallons (24 mpg combined consumption). With current price at $2,83 per gallon (December 2023), that is 317 dollars per year. The 2024 Toyota Venza will start to pay off in 2030.
On the other hand, if we compare Venza and Highlander Hybrid, the second one steps up as the logical choice. With a slightly higher starting price and similar mileage, 2024 Venza will take even more time to make up the difference.
2024 TOYOTA VENZA RELEASE DATE
These are all speculations about the price and exact fuel economy numbers. We will know more when the 2024 Toyota Venza hit the market. It will be late next year when all details are going to be available. We expect clarification regarding the cost, production, and all other options that Toyota Venza 2024 model brings. Expect some radical cuts and significant updates for the current crossover/SUV lineup in Toyota.
Being a mid-size SUV, the 2024 Toyota Venza will have a lot of competitors. None of them can match its fuel economy. The new model will be slotted below the Highlander, which is a three-row SUV. This segment is growing fast and companies are always adding new subcategories. Venza could start one between mid-size and compact tiers.