In an email and a Facebook post, Wallis said:
CARS 3? The rumors are flying as fast as Lightning McQueen. The Sheriff of Radiator Springs is primed and ready to rumble. Stay tuned.
Wallis also shared this video, created in 2011, that speculated about a “Cars 3″:
The clip, which was purely speculative, said “Cars 3″ would “possibly” be released in 2016 — the 10th anniversary of the first “Cars” film. John Lasseter, director of the first film, is rumored to be back at the helm. And Owen Wilson, Larry the Cable Guy, and Bonnie Hunt are supposed to reprise their roles of Lightning McQueen, Tow Mater, and Sally Carrera, respectively.
Nothing official has been released about another “Cars” sequel, if there’s one at all. However, Wallis coyly mentioning the possibility — plus his extensive involvement in the films — gives the speculation a lot more credence.
The first “Cars,” released in 2006, grossed more than $460 million worldwide. That’s impressive enough, but the film spawned more than $5 billion (with a “b”) in merchandising sales — by far the most at Pixar. “Cars 2,” released in 2011, wasn’t as well-received but grossed more than $550 million.