The LiteAce followed the introduction of the more compact MiniAce and larger HiAce in 1967, acting as an intermediacy between these two models in size and carrying capacity. By the mid-1970s, the MiniAce had been retired and the HiAce had grown, thus creating a void in the market resumed by the TownAce. The "Ace" moniker references the Toyota ToyoAce medium-duty truck sold starting 1956. The "Lite" in LiteAce refers to its light-duty capability, and the "Town" in TownAce alludes to the suitability of the model for urban areas.