Toyota’s $10,000 Future Pickup Truck Is Basic Transportation Perfection (2024)

No screens, no radio. Heck, it doesn’t even have a tachometer. The Toyota IMV 0 is like other modern cars in that it doesn’t have many switches on the interior, but in this case, it’s because there’s almost nothing to turn on and off. Based on the same platform as the Hilux, Toyota’s global market pickup, the IMV 0 starts as a blank template of four wheels, flatbed, and two-door cab. Of course, if you want to add some amenities, Toyota will be glad to add them on, and it’s likely that, like the Hilux, fancier models will be available depending on where it's sold. But let’s take a moment to appreciate the bare necessities.

View More Photos

The IMV 0 was developed in Thailand, a country so mad for pickups that they make up almost half of new vehicle sales. Toyota sold 145,435 Hilux copies there in 2022, or about 17 percent of the total market (and it was second place behind the Isuzu D-Max). This plus Thailand’s proximity to the Japanese mothership and other Southeast Asian markets makes it a hub for truck development. The IMV 0, which will likely be called the Hilux Champ (in the Phillipines, it was introduced as the Tamaraw Concept.)

Most recently, Toyota brought the truck to the Japan Mobility Show to showcase its versatility, envisioning modular units attached to the back that can transform the IMV 0 into a mobile coffee shop, DJ booth, or overlanding RV. Following the show we had a chance to see the IMV 0 up close at Toyota’s Shimoyama Tech Center in Japan. IMV stands for Innovative International Multi-Purpose Vehicle, and it’s no coincidence that it’s the same as the platform name for the Hilux and related vehicles since 2004.

Compared to the features of the Corolla sedan, Toyota’s entry-level model in the United States, the IMV 0 is in an entirely different universe. Forget LED headlights, power windows and door locks, or standard adaptive cruise control. The IMV 0 doesn’t even have any trim on the A-pillar. The instrument cluster dial that would normally show engine RPM is just a big blank circle. It doesn’t even have a shift light. Then again, the 2024 Corolla starts at $22,995. The IMV 0/Hilux Champ will be the equivalent of about $10,000 when it launches in Thailand.

View More Photos

And no, there are no plans to sell this truck in the United States, although it will be sold in Mexico. It’s nice to think that a bare-bones truck at a rock-bottom price could find a customer base in America, but that’s unlikely to sway Toyota, which is only making the thinnest of margins on the base model. And besides, a big reason we don’t already get these cheap foreign-market trucks is because importing them from North America comes with the 25 percent “Chicken Tax” tariff. Add in the cost of stability control, lane-keeping, automatic emergency braking included in the Toyota Safety Sense suite that is nearly standard across the U.S. lineup and it’s easy to see the price ballooning into Ford Maverick territory. That’s for a truck that doesn’t even have map pockets in the doors.

Toyota’s $10,000 Future Pickup Truck Is Basic Transportation Perfection (4)

The base configuration of the IMV 0 comes with rear-wheel drive and a gasoline 2.0-liter inline-four matched to a 5-speed manual transmission. Four-wheel-drive and diesel variants will also be offered. Literally everything else is extra. But while the IMV 0 starts simple, it’s made with those upgrades in mind. The bed, roof, and back of the cab are all pre-drilled for accessories, so adding bed sides or a cargo rack is as simple as bolting them on. Even the front fenders are secured with bolts for easy replacement or customization. The same goes for the three-piece plastic bumper. It’s exactly the sort of thing that appeals to business owners looking to keep down the cost of repairs, although it’s nice to think that this flexibility will also be used for endless personalization like so many Jeep Wranglers. Speaking of the Wrangler, the IMV 0 is more than a foot and a half longer than the four-door Jeep. Compared to other trucks, though, the IMV 0 is relatively small by American standards - it’s more than two feet shorter than the 2024 Tacoma and ten inches smaller in both width and height. Despite being billed as a mini-Hilux, the IMV 0 is almost identical in dimensions to the equivalent single-cab version. It doesn’t feel small, but from the driver’s seat, the IMV 0 lacks the sense of hugeness of even midsize American fare.

If you are curious, the engine in the test vehicle was a 1TR-FE 2.0-liter four. In dual-VVTi form as found in the current Hilux, it makes 137 hp. That had to contend with a curb weight of 1,555 kg (3,248 lbs).

The closest equivalent to the interior of the IMV 0 we have in the United States is probably a rental moving van. Vinyl seats, rubber-lined floor, and a trio of HVAC controls under the hole where a radio might go. For this truck’s Southeast Asia and South American markets, less stuff also means less stuff to break. On the smooth surface of Toyota’s oval track, the IMV 0 feels slightly bouncy with nothing to settle the rear leaf springs. The steering is light, and the gear shifter is somewhat rubbery. The IMV 0 feels more rugged than cheap, the kind of vehicle that can stand up to the daily abuse of hauling cargo on under-developed roads. Acceleration is best described as present and accounted for - on our brief lap around the test track it was hard to tell exactly how slow or fast the IMV 0 is. But we’re not sure it even matters. There’s an innate appeal to the simplicity of the IMV 0, the singular focus of hauling people and stuff from point A to point B. They don’t ask you how, they ask you how many. And to that, the IMV 0 seems like a truck that gets the job done, one way or another.

Toyota’s $10,000 Future Pickup Truck Is Basic Transportation Perfection (5)

Mike Austin

Contributing Writer

Mike Austin is a veteran automotive journalist current working as a Senior Research Analyst with Guidehouse Insights covering EVs, charging, and mobility. He got his start by applying to a Gopher position at Automobile Magazine instead of taking notes in chemistry class, and despite obtaining two engineering degrees from the University of Michigan, Mike pursued a career in automotive journalism.

He moved to the analyst world in 2022 after working at publications such as Car and Driver, Popular Mechanics, and Autoblog for more than 20 years, but his ineffable curiosity continues to lead to freelance writing. Mike lives in Ypsilanti, Michigan and should probably be in the garage fixing something.

Toyota’s $10,000 Future Pickup Truck Is Basic Transportation Perfection (2024)

FAQs

Is Toyota working on a $10 K truck? ›

The Toyota IMV 0 intends to fill in that low-cost space beneath the Hilux with a target starting price of $10,000. It made its debut at the 2023 Japan Mobility Show, wearing cool Land Cruiser 70 Series style. Shortly after the Tokyo show, we took one for a spin.

Is the Toyota 10K pickup available in the US? ›

The Toyota IMV 0 is — like the "zero" in the name suggests — as basic as a vehicle gets. IMV stands for "Innovative International Multi-Purpose Vehicle," which means the first thing you'll need to know about this low-cost multi-purpose pickup is that it will not be coming to the United States.

Is Toyota coming out with an affordable truck? ›

There is a pickup truck coming from Toyota that is extremely affordable and is a great but simple way to get a driver from one location to the next. The Toyota IMV 0 has no screens, no radio, and no buttons inside the vehicle but it does have a flatbed and is a two-door cab.

Who makes the cheapest pickup trucks? ›

Cheapest Trucks
  • 2024 Ford Maverick. MSRP: As low as $25,410. Positives. Excellent value. ...
  • 2024 Hyundai Santa Cruz. MSRP: As low as $28,275. Positives. ...
  • 2024 Chevrolet Colorado. MSRP: As low as $31,095. Positives. ...
  • 2024 Nissan Frontier. MSRP: As low as $32,020. Positives. ...
  • 2024 Toyota Tacoma. MSRP: As low as $32,995. Positives.

Is it illegal to own a Toyota Hilux in the US? ›

There is no ban on the Toyota Hilux in the United States, and owning one is perfectly legal. However, remember that Toyota doesn't sell the Hilux in the US due to the high retail price due to taxes.

What is the most sought after Toyota pickup? ›

MotorBiscuit reports that the Tacoma brought in more than twice as many sales as the next highest-selling truck in 2021.

What replaced the Toyota pickup? ›

Since 1995, the 4Runner is a standalone SUV, while in the same year Toyota introduced the Tacoma to replace the Hilux pickup in North America.

Why do Toyota trucks hold their value? ›

The strong demand for these trucks in the used car market helps to sustain their value. Many buyers seek out Toyota trucks specifically for their proven track record, quality craftsmanship, and dependable performance. This high demand ensures that used Toyota trucks remain desirable and command higher resale prices.

What is the small Toyota truck called? ›

In contrast, the Toyota Tacoma is a bit of a smaller vehicle; however, it still has a significant amount of power.

How much cash does Toyota have on hand? ›

Cash on Hand as of December 2023 : $86.79 B

According to Toyota's latest financial reports the company has $86.79 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Is Toyota coming out with a new truck? ›

When will the Toyota small pickup arrive? According to Automotive News, the Ford Maverick competitor is under discussion but has not been approved yet. The report says that 2027 would be the earliest time for its arrival.

Is Toyota working on an EV truck? ›

Toyota plans to mass produce battery Hilux pickup truck by 2025, official says. BANGKOK, March 26 (Reuters) - Japan's Toyota (7203. T) , opens new tab plans to mass-produce a battery electric Hilux pickup truck by the end of 2025, the president of its Thailand unit said on Tuesday.

Is Toyota coming out with a heavy duty truck? ›

The 2024 Toyota Tundra is a highly anticipated release from the Japanese automaker, known for producing reliable and durable vehicles. This new iteration of the Tundra promises to be even more powerful and rugged than its predecessors, making it a top contender in the competitive pickup truck market.

Top Articles
Latest Posts
Article information

Author: Otha Schamberger

Last Updated:

Views: 5933

Rating: 4.4 / 5 (75 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Otha Schamberger

Birthday: 1999-08-15

Address: Suite 490 606 Hammes Ferry, Carterhaven, IL 62290

Phone: +8557035444877

Job: Forward IT Agent

Hobby: Fishing, Flying, Jewelry making, Digital arts, Sand art, Parkour, tabletop games

Introduction: My name is Otha Schamberger, I am a vast, good, healthy, cheerful, energetic, gorgeous, magnificent person who loves writing and wants to share my knowledge and understanding with you.