“This volume achievement will help to deliver the economies of scale that are necessary to secure the key element of accessibility that A-segment customers demand,” the company said.
Toyota gave no indication for the launch timing of the Aygo successor or whether it would keep the Aygo name, saying only it would arrive after the Yaris Cross, which launches later this year.
Toyota builds the current Aygo in its plant in Kolin in the Czech Republic, alongside its platform siblings, the Peugeot 108 and Citroen C1. Toyota took full ownership of the factory on Jan. 1. Previously it was a joint venture with PSA Group.
Toyota has said it will produce the Yaris at the Kolin plant in the future as well as maintaining current Yaris production in Valenciennes, France.
Production of the 108 and C1 is continuing at the plant, but Peugeot and Citroen plan to exit the segment, according to reports.
Toyota did not give any indication where the Aygo successor will be built, but it’s expected to stay at the Czech plant.
Toyota also did not say whether the new minicar would offer a hybrid version, but the car’s small size could make it difficult to fit a hybrid drivetrain.
Spy shots of the new model undergoing testing appear to show the car mixes the styling of the current Yaris with a raised ride-height, possibly to give it a more crossover look.
With 83,277 sales, down 17 percent, the Aygo was the third best-selling minicar in Europe last year after the Fiat Panda and Fiat 500, according to JATO Dynamics market researchers.
Sales of the Yaris, Toyota’s bestseller in the region, dropped 16 percent to 177,440.