Toyota is set to launch an all-new Scion in April at the New York Auto Show and debut an updated Toyota product at the Chicago Auto Show in February, the carmaker revealed during a corporate sales call. No further details were given but it's speculated that Toyota was talking about the Scion iQ and the Toyota Tacoma.
In September 2008, the carmaker announced that the Toyota iQ would be produced for the Japanese and European markets.
Immediately after that announcement, reports came out saying that the car would arrive in the US as a Scion just a few months later.
However, it turned out that the Scion iQ concept debuted much later at the 2009 New York Auto Show. It is not uncommon for a production car to be released nearly a full year after its concept car is revealed. If this is the case, it will be Scion's first all-new model since the xD debuted in 2008.
Meanwhile, the Tacoma is the likely product that will be shown at the Chicago auto show because it has been the practice of carmakers to concentrate on trucks at the Chicago show.
In addition, the Tacoma has been around for some time now and requires an update. The McCormack Place is believed to be a great place to launch a "heavily updated" version.
Other guesses include the recently-updated-for-Europe Land Cruiser and the aging RAV4.