What's going to happen with all the rental car/lease toyotas. Are the companies renting them again? Or will they sell them off into the used car market. That'll lower the value of the used car toyotas.
I just heard on the news while driving this evening and I thought they said it was over 60 people have been tied to the problems.--BUT that doesn't mean 60 families. Some were related.
Imagine home many aren't know to have been caused by uncontrolled acceleration and the people or person is just dead.
Hey guys, I was bored tonight after dinner and put together a little list of some selected models from the big six auto companies from last month; one thing that was interesting is, if Toyota is doing so bad, why was the Corolla the biggest seller? wasn't that one of the recalled models last month :confuse:
anyway, Ford did really well last month, good for them!!
Keep in mind, I only used the top 6 highest volume manufactures in this listing for each class example I gave to give a better comparisons between the big 6, obviously Mercedes and BMW numbers would change the luxury category if included!
Automotive Sales Figures By Manufacturer for February 2010
1) Ford 142,285 2) GM 132,849 3) Toyota 100,027 4) Chrysler 84,449 5) Honda 80,671 6) Nissan 70,189 7) Hyundai 34,004 8) Kia 24,052 9) VW 18,116 10) Subaru 18,098
Automotive Sales Figures for Mid-Size Sedans for February 2010
1) Honda Accord: 22,456 2) Ford Fusion: 16,459 3) Toyota Camry: 16,552 4) Nissan Altima: 16,198 5) Chevrolet Malibu: 15,150 6) Hyundai Sonata: 7,506
Automotive Sales Figures for Compact Sedans for February 2010
1) Toyota Corolla: 16,996 2) Honda Civic: 16,471 3) Chevrolet Cobalt: 14,101 4) Ford Focus: 13,708 5) Hyundai Elantra: 7,966 6) Nissan Sentra: 7,769
Automotive Sales Figures for Compact SUVs for February 2010
1) Ford Escape: 15,156 2) Honda CR-V: 11,828 3) Chevrolet Equinox: 8,061 4) Hyundai Sonata: 7,964 5) Toyota RAV4: 6,799 6) Nissan Rouge: 6,143
Automotive Sales Figures for Entry-Level Luxury Sedans for February 2010
thats the trouble with recalls, no matter what company is with, you really will never know for absolute certain how many problems or deaths were actually caused by a car problem!
No conspiracy. GM just following Toyota lead buying the cheapest parts they can get for their econo-boxes. Americans have shown they want Cheap small cars. So that is what they get. They want small cars built with quality components they buy German cars and pay a few bucks more.
This part speaks volumes " ....However, when asked if Toyota would pay for the medical or funeral expenses for drivers killed or injured in crashes involving defective Toyota cars, the executives hedged.
Mr. Inaba said the question will be resolved by the company's legal team. "
Gee, I would have thought under such heavy scrutiny they will have automatically said something like " Of course ", yet I am shocked that they still have second thoughts about doing the right thing (compensate the victims, what do you expect, them to pay for their own funeral, medical expenses ?)
I will buy a toyota if they are the only player in town. But all these news have really indicated more than once that they value money more than human lives and decency.
There are plenty of other pretty chicks out there, Nissan, Honda, Hyundai, Ford etc. I feel really uneasy to buy from an automaker who turns out to be not just cunning but callous as well.
"Resolved by the legal team ?" Anywhere in the world, do you think a company paying the full expenses of their victims will run into ANY legal trouble, anywhere ? that needs the legal teams " expertise ".
Looking at the Camry XLE on Edmund's. They are going for about $3500 below MSRP. I would say that is the starting point. I would go for at least $2000 under Invoice. When I bought my 07 Sequoia in 2007 when cars were selling 14+million I got it for $5000 under invoice as the last of the model run.
C`mon,,MSRP for the 2010 Camry XLE is 29795,Invoice is 26888,Edmunds TMV is 27130 with rebate 1000--so TMV is 26130... No way you can get it for 2000 under invoice..Even the TMV is slightly above invoice...So dont know where you can get for 2k under invoice ??? Infact Fitzmall has the lowest XLE at 26520! :confuse:
You need to go with me when it comes time to negotiate. I take NO prisoners. I get my price or I walk. Nothing and I mean nothing on the market is impossible to get cheaper. I spent a whole day once in Tijuana bargaining with a guy over a guitar. He finally gave in just before he closed. I have learned the best way now is via the Internet. You find out which dealers are hungry right away. If I really wanted a Camry. Which I cannot imagine in a 1000 years. I could get it for my price.
By the way. Edmund's shows the XLE with same equipment as Fitzmall for about $400 less than their Internet price. Which is about $1000 below invoice. With 9 Toyota dealers all starving in San Diego, dealing should be easy. If a person cannot squeeze another grand out of a dealer they should just pay MSRP and live with the loss at trade in time.
>He knows exactly what these 34 families, who lost loved ones, are going through!
It's over 60, isn't it?
"Through Feb. 28, NHTSA had received 43 complaints of accidents involving 52 deaths, the U.S. Department of Transportation reported Tuesday. As of Feb. 15, the numbers were 26 incidents and 34 fatalities.
"It is important to note that these are not confirmed. They are allegations at present," said Olivia Alair, a spokeswoman at the Transportation Department. NHTSA routinely receives a spike in complaints after recalls are announced, she added."
cash for clunkers program, imports were I believe 8 out of the top ten vehicles
I believe this impression came from Consumer Report's top 10 list dated 8/25/09; a later tally on 9/28/09 showed this top 10 list: 1. Toyota Corolla (30 mpg) 2. Ford Focus FWD (30 mpg) 3. Honda Civic (29 mpg) 4. Toyota Prius (50 mpg) 5. Toyota Camry (25 mpg) 6. Hyundai Elantra (28 mpg) 7. Ford Escape FWD (23 mpg) 8. Dodge Caliber (24 mpg) 9. Honda Fit (31 mpg) 10. Chevrolet Cobalt (27 mpg)
Import accounted for 6 of the top 10. Still it's a shame.
I believe the new Ford Fusion Hybrid, Fiesta, Chevy Cruze and Volt would change the landscape in smaller car market. I noticed yesterday 3 new Fusion Hybrid popped up on my street; I told my wife that Ford would be big in Feb (this was yesterday before I knew the numbers). They did gain 43%.
According to Business Week, the defect parts which led to the GM steering recall were from a Japanese supplier Jtekt, partially owned by Toyota, which also supplies similar steering components for Toyota Corolla, the model is under investigation for a possible steering recall.
The Fusion is selling for invoice and guess what ,it has a rebate of 2k.Malibu is selling for invoice and it has a 3k rebate...And with more ford and Chevy dealers per area starving,,you can negotiate even more. Shudder to think of Chrysler sebring numbers !! :P
Altima is selling for invoice and Accord a few hundred over invoice and have no rebates.. Toyota is offering 1k rebate..So not bad considering it hasn`t pretty much sold any Camry`s this month..And there is unsold inventory left with plants idled..Once dust settles in 3 or 4 months,things will be back to scheduled programming with GM and Dodge going down the drain as usual !! :shades:
Could be one of the reason why he left toyota. Tried to sound the alarm but the Japanese in head office kind of ignored him. Must have been frustrating I believe.
This is yet another proof, this time by a high ranking toyota guy himself, that toyota quality has decreased ever since years ago.
There have been reports from the United States media today that steering performance of Toyota Corolla vehicles is under investigation in the US market.
Toyota Motor Corporation - Japan has advised the electric power-steering system used in Corolla models sold in Australia is different from that used for models sold in the United States.
There have been no cases reported to Toyota Australia.
2008 Toyota announces Australian hybrid Camry production from 2010 Toyota Australia achieves all-time sales record - 238,983 vehicles
Toyota Australia still say, that because their market in new cars sales is so low in Australia, any defects do not apply, and the snow job still continues, and will as long as Toyota itself keeps letting it get away this snow job, :lemon:
Honda Motor Co. said sales of the Accord sedan, which competes directly with the Camry, rose 41 percent. Honda's sales climbed 13 percent overall. Hyundai Motor Co. said its sales rose 11 percent, partly because of a 58 percent increase in sales of the Sonata, another Camry competitor.
Most carmakers offered deals to Toyota customers in February. According to the automotive Web site Edmunds.com, incentive spending rose 11 percent from January to $2,588 per vehicle. Toyota's incentive spending rose 26 percent, to $1,833 per vehicle. That was the fourth-highest monthly incentive total for Toyota since Edmunds began tracking data in 2002.While a boon for consumers, incentives eat into automakers' profits and companies have been trying to cut back on them. :lemon:
revit...we had our local new car show at our convention center this past weekend. Sales people manning the booths aren't supposed to talk about pricing. But, the Toyota guy (who was representing the largest Toyota dealer in the city, if not the state) had a little crib sheet he whipped out.
These prices are on 2010 models...
-Corolla LE-MSRP of about $18K with automatic, power everything, CD, cruise, etc.... $14K sale price
-Camry LE, equipped the same as above with a sticker of around $22K -$18K sale price.
So, I'm betting that Toyota is offering dealers some sort of big incentives that aren't being published at Edmunds.
Only reason I stopped at the booth was to see what some of the reviewers were stating as far as declining Toyota quality. Big gaps in the interior assembly, particularly where the center console meets up with the upper dash...badly mismatched. To be fair, Corolla looked better as far as build quality.
Asked the sales person how business was. He said once all the recalls were done on with the stock on hand, things should be better. But, he also said business was slow because of our bad weather we had had. Could be true.
Not a whole lot of people in the Toyota booth. Ford, GM, Honda and Hyundai were getting all the booth traffic. More or less as I expected given Toyota's recent woes.
For those interested, this was at Kings Toyota just north of Cincinnati.
This will have some impact, somewhere down the line when it comes to resale.
1. Ford F-Series: 32,895 2. Honda Accord: 22,456 (including 2,432 Crosstours) 3. Chevy Silverado: 19,822 4. Toyota Corolla: 16,996 5. Toyota Camry: 16,552 6. Honda Civic: 16,471 7. Ford Fusion: 16,459 8. Nissan Altima: 16,198 9. Ford Escape: 15,156 10. Chevy Malibu: 15,150
How did the top 10 cars list shake out? Believe it or not, the Toyota Corolla and Camry both moved up. The Corolla moved from No. 5 to No. 4, and the Camry moved from No. 7 to No. 5. The Honda Accord, though, took the No. 2 spot from the Chevy Silverado. The Ford Fusion and Honda Civic also made gains at the expense of the Nissan Altima and Chevy Malibu. The full list is below.
its not Japan's fault that our own Fed Gov't didn't exclusively make the cash for clunker program for domestic automakers only!
Yeah, and if the Fed Gov't did make it for domestic cars only, the WTO would've been breathing fire down the back of their necks. It's a different set of rules for the U.S. versus the rest of the world. We have to open up our markets to whatever crap the rest of the world throws at us while our good are shut out of theirs! :mad:
The Fusion is selling for invoice and guess what ,it has a rebate of 2k.Malibu is selling for invoice and it has a 3k rebate.
Which makes my point exactly. Cars are way overpriced. The poor soul that pays MSRP will get shafted when he trades. Even if he keeps his Camry till it has UA and crashes, the amount paid by the insurance will be based on a much lower price point. I don't see where $2000 under invoice for a top of the line Camry is at all unreasonable. And especially with 100+ days inventory on the lots.
I have always been of the opinion that someone that pays MSRP for a vehicle has more money than brains. Invoice should be a buyers starting point and work down from there. For someone that wants a new vehicle this will be a buyers market for the near future. We are in a recession with little hope of getting out of it for the foreseeable future.
Hey dude,,even Honda has incentives per vehicle...Check the facts before posting partial info ... I think about 600 less than Toyota... But nowhere close to the Det 3... :sick: All said,,your effort in wasting time.effort and research to defame toyota is futile... They will be doing well in 3 or 4 months time when the hysteria subsides and Congress and BHO have better things to do !! :sick:
Price depends on the market conditions...When gas was $5 a gallon,all compacts and subcompacts were pretty much selling close to MSRP irrespective of the make except maybe Dodge !! :sick:
Let gas shot up to 5 again-- and see how hysteria flys out of the window...Folks will be lining up to buy the 100 days inventory of Corollas,Camry`s and Priuses!!
lemko....saw the LaCrosse and the Regal (roped off) at the local auto show last weekend. Both were great from what I saw. Who'd of thunk Buick could have pulled that off.
On the low end, the Regal will definitely steal some sales from the likes of Malibu, Camry, Accord, etc.
Same goes for Ford's Taurus. Nice. Although I was interested in the pricey SHO, the more "normal" models priced similarly to the Camry would be of interest to a lot of folks.
The only thing Camry has going for it right now is price. Toyota dealers are selling them cheap right now, if you want to take a chance on one, that is.
When gas was $5 a gallon,all compacts and subcompacts were pretty much selling close to MSRP
You continue to make my points for me. If you were on Edmunds for any length of time you would know my advice on buying a vehicle. When fuel prices go up, it is time to buy that PU or big SUV. When gas is below 2 bucks go for the econobox. All your post is verifying is the average American car buyer is not that bright.
It is some guitar. I paid $40 for it in 1963 and have turned down $1500 within the last 5 years. Some of the best Classical guitars are built in Mexico. I have several.
Some of the best Classical guitars are built in Mexico.
Wow, I never would have guessed that. But it definitley makes sense. I have one built in Spain but all my other guitars except for an Indonesian Strat are American made (Taylor, Martin, Carvin) :shades:
If the American car buyer was bright,we would not have negative equities rolled into and folks still buying Chrysler/Jeep/Dodge ...and they would look at the final price and not monthly statements... And if he was bright -he would have realized that this Toyota issue is overblown and a mass hysteria !! Alas !! :P
I was a big fan of Martin until the late 1960s. When Brazil cut off their supply of Brazilian Rose wood the quality went down hill. I love the early D28s.
delt....that's a discussion that merits it's on thread. When credit was being thrown around to just about anyone with a pulse, people were getting buried "upside down" financing cars.
Not necessarily the bank's fault, as you start living so close to the edge financially, and sooner or later, you're going to fall of the cliff.
Now that credit is tight, and dealers can no longer roll negative equity from one car, into a new one, this should eventually right itself. And, those who just "had to have" that new car, can't get the financing. So, they drive what they've got....hopefully, until they pay it off, and then drive it some more.
Still, it's the buyer's responsibility to be.....well, responsible in looking at their financial situation and deciding if they want to go down that "new car" road again so soon and add more debt.
If Toyota offers 0% for five years on a new Camry. That is a discount of almost $6000 in interest. At least at the 7.5% my credit union is offering. If you have enough cash in the CU to cover the loan, you can get as low as 5.6%. So you buy a $25,000 Camry mid-range model and 0% gets you another $4000-$6000 discount. That will have a big impact on resale value. Honda may be the only company keeping their customers safe on the long haul. Will they be able to compete with the other automakers slashing prices?
gagrice....don't know how other manufacturers will hold up. I think the conquest cash took a good chunk of Toyota business, in addition to their current woes as having people look elsewhere.
I know for awhile, there were a couple of dealerships around me who wouldn't even take a Camry or a Corolla in trade. Maybe they are now, not sure. But, if they are, the question becomes are they really low balling them by looking at the issues and how hard it might be to sell a used Toyota.
I know one poster (mako) here at Edmunds had bought a new '10 Avalon that he bought I think for mid $30s. He didn't want it any more after all of this recall fiasco hit. He had a hard time getting a buy bid on it. And when he finally did, it came in at something like $20K....on a practically new Avalon. That's a pretty big hit.
>Cars are way overpriced. The poor soul that pays MSRP will get shafted when he trades. Even if he keeps his Camry till it has UA and crashes, the amount paid by the insurance will be based on a much lower price point. I don't see where $2000 under invoice for a top of the line Camry is at all unreasonable.
I have been checking used car lots in our area. Some of the boutique lots that used to front lots of toyotas don't seem to have _any_ on their lot. It looks like they won't buy them from the auctions or other sources. I wonder how the resale value is actually going on toyos--not just the lagging book values. Too bad someone from Manheim auction use can't report what has happened to the values in the in last six months for toyos.
I predict with rental fleets and leases turning them in, there will be a vast reduction in value at stores other than toyota's own used car lots, where they will try to act like they are still at full value as a used car offering.
>$20K....on a practically new Avalon. That's a pretty big hit.
He can thank toyota for not responding properly and covering up the truth about toyotas for the past years for the loss in value. Looks like there's more to come in value loss.
Resale value more than on 0% financing is dependent on rebates and rental sales..Rebates just kill a resale value...A problem for Det 3 and Hyun/Kia for a long time...Honda has been offering 0% for quite some time now but Honda rarely if ever does rebates .
Comments
2014 Malibu 2LT, 2015 Cruze 2LT,
Imagine home many aren't know to have been caused by uncontrolled acceleration and the people or person is just dead.
2014 Malibu 2LT, 2015 Cruze 2LT,
anyway, Ford did really well last month, good for them!!
Keep in mind, I only used the top 6 highest volume manufactures in this listing for each class example I gave to give a better comparisons between the big 6, obviously Mercedes and BMW numbers would change the luxury category if included!
Automotive Sales Figures By Manufacturer for February 2010
1) Ford 142,285
2) GM 132,849
3) Toyota 100,027
4) Chrysler 84,449
5) Honda 80,671
6) Nissan 70,189
7) Hyundai 34,004
8) Kia 24,052
9) VW 18,116
10) Subaru 18,098
Automotive Sales Figures for Mid-Size Sedans for February 2010
1) Honda Accord: 22,456
2) Ford Fusion: 16,459
3) Toyota Camry: 16,552
4) Nissan Altima: 16,198
5) Chevrolet Malibu: 15,150
6) Hyundai Sonata: 7,506
Automotive Sales Figures for Compact Sedans for February 2010
1) Toyota Corolla: 16,996
2) Honda Civic: 16,471
3) Chevrolet Cobalt: 14,101
4) Ford Focus: 13,708
5) Hyundai Elantra: 7,966
6) Nissan Sentra: 7,769
Automotive Sales Figures for Compact SUVs for February 2010
1) Ford Escape: 15,156
2) Honda CR-V: 11,828
3) Chevrolet Equinox: 8,061
4) Hyundai Sonata: 7,964
5) Toyota RAV4: 6,799
6) Nissan Rouge: 6,143
Automotive Sales Figures for Entry-Level Luxury Sedans for February 2010
1) Cadillac CTS: 2,690
2) Infiniti G Sedan: 2,686
3) Acura TL: 2,410
4) Lexus ES350: 2,349
5) Hyundai Genesis: 1,762
6) Lincoln MXZ: 1,761
Automotive Sales Figures for Luxury SUVs for February 2010
1) Lexus RX: 5,694
2) Cadillac SRX: 3,542
3) Acura MDX: 3,266
4) Infiniti FX: 885
5) Lincoln MKT: 647
I hope all enjoy the numbers!!!
http://money.cnn.com/2010/02/24/news/international/toyoda_toyota/index.htm?hpt=C- - 1
This part speaks volumes " ....However, when asked if Toyota would pay for the medical or funeral expenses for drivers killed or injured in crashes involving defective Toyota cars, the executives hedged.
Mr. Inaba said the question will be resolved by the company's legal team. "
Gee, I would have thought under such heavy scrutiny they will have automatically said something like " Of course ", yet I am shocked that they still have second thoughts about doing the right thing (compensate the victims, what do you expect, them to pay for their own funeral, medical expenses ?)
I will buy a toyota if they are the only player in town. But all these news have really indicated more than once that they value money more than human lives and decency.
There are plenty of other pretty chicks out there, Nissan, Honda, Hyundai, Ford etc. I feel really uneasy to buy from an automaker who turns out to be not just cunning but callous as well.
"Resolved by the legal team ?" Anywhere in the world, do you think a company paying the full expenses of their victims will run into ANY legal trouble, anywhere ? that needs the legal teams " expertise ".
By the way. Edmund's shows the XLE with same equipment as Fitzmall for about $400 less than their Internet price. Which is about $1000 below invoice. With 9 Toyota dealers all starving in San Diego, dealing should be easy. If a person cannot squeeze another grand out of a dealer they should just pay MSRP and live with the loss at trade in time.
PS
I consider Fitzmall over priced.
It's over 60, isn't it?
"Through Feb. 28, NHTSA had received 43 complaints of accidents involving 52 deaths, the U.S. Department of Transportation reported Tuesday. As of Feb. 15, the numbers were 26 incidents and 34 fatalities.
"It is important to note that these are not confirmed. They are allegations at present," said Olivia Alair, a spokeswoman at the Transportation Department. NHTSA routinely receives a spike in complaints after recalls are announced, she added."
Toyota's sales fall as more fatalities reported (Washington Times)
I think the LA Times' number was closer to 60.
I believe this impression came from Consumer Report's top 10 list dated 8/25/09; a later tally on 9/28/09 showed this top 10 list:
1. Toyota Corolla (30 mpg)
2. Ford Focus FWD (30 mpg)
3. Honda Civic (29 mpg)
4. Toyota Prius (50 mpg)
5. Toyota Camry (25 mpg)
6. Hyundai Elantra (28 mpg)
7. Ford Escape FWD (23 mpg)
8. Dodge Caliber (24 mpg)
9. Honda Fit (31 mpg)
10. Chevrolet Cobalt (27 mpg)
Import accounted for 6 of the top 10. Still it's a shame.
I believe the new Ford Fusion Hybrid, Fiesta, Chevy Cruze and Volt would change the landscape in smaller car market. I noticed yesterday 3 new Fusion Hybrid popped up on my street; I told my wife that Ford would be big in Feb (this was yesterday before I knew the numbers). They did gain 43%.
Altima is selling for invoice and Accord a few hundred over invoice and have no rebates.. Toyota is offering 1k rebate..So not bad considering it hasn`t pretty much sold any Camry`s this month..And there is unsold inventory left with plants idled..Once dust settles in 3 or 4 months,things will be back to scheduled programming with GM and Dodge going down the drain as usual !! :shades:
Could be one of the reason why he left toyota. Tried to sound the alarm but the Japanese in head office kind of ignored him. Must have been frustrating I believe.
This is yet another proof, this time by a high ranking toyota guy himself, that toyota quality has decreased ever since years ago.
Toyota Motor Corporation - Japan has advised the electric power-steering system used in Corolla models sold in Australia is different from that used for models sold in the United States.
There have been no cases reported to Toyota Australia.
2008 Toyota announces Australian hybrid Camry production from 2010
Toyota Australia achieves all-time sales record - 238,983 vehicles
Toyota Australia still say, that because their market in new cars sales is so low in Australia, any defects do not apply, and the snow job still continues, and will as long as Toyota itself keeps letting it get away this snow job, :lemon:
Most carmakers offered deals to Toyota customers in February. According to the automotive Web site Edmunds.com, incentive spending rose 11 percent from January to $2,588 per vehicle. Toyota's incentive spending rose 26 percent, to $1,833 per vehicle. That was the fourth-highest monthly incentive total for Toyota since Edmunds began tracking data in 2002. While a boon for consumers, incentives eat into automakers' profits and companies have been trying to cut back on them. :lemon:
These prices are on 2010 models...
-Corolla LE-MSRP of about $18K with automatic, power everything, CD, cruise, etc....
$14K sale price
-Camry LE, equipped the same as above with a sticker of around $22K
-$18K sale price.
So, I'm betting that Toyota is offering dealers some sort of big incentives that aren't being published at Edmunds.
Only reason I stopped at the booth was to see what some of the reviewers were stating as far as declining Toyota quality. Big gaps in the interior assembly, particularly where the center console meets up with the upper dash...badly mismatched. To be fair, Corolla looked better as far as build quality.
Asked the sales person how business was. He said once all the recalls were done on with the stock on hand, things should be better. But, he also said business was slow because of our bad weather we had had. Could be true.
Not a whole lot of people in the Toyota booth. Ford, GM, Honda and Hyundai were getting all the booth traffic. More or less as I expected given Toyota's recent woes.
For those interested, this was at Kings Toyota just north of Cincinnati.
This will have some impact, somewhere down the line when it comes to resale.
1. Ford F-Series: 32,895
2. Honda Accord: 22,456 (including 2,432 Crosstours)
3. Chevy Silverado: 19,822
4. Toyota Corolla: 16,996
5. Toyota Camry: 16,552
6. Honda Civic: 16,471
7. Ford Fusion: 16,459
8. Nissan Altima: 16,198
9. Ford Escape: 15,156
10. Chevy Malibu: 15,150
How did the top 10 cars list shake out? Believe it or not, the Toyota Corolla and Camry both moved up. The Corolla moved from No. 5 to No. 4, and the Camry moved from No. 7 to No. 5. The Honda Accord, though, took the No. 2 spot from the Chevy Silverado. The Ford Fusion and Honda Civic also made gains at the expense of the Nissan Altima and Chevy Malibu. The full list is below.
Seems the Japanese care more about their industrial base than we do. Sad.
Yeah, and if the Fed Gov't did make it for domestic cars only, the WTO would've been breathing fire down the back of their necks. It's a different set of rules for the U.S. versus the rest of the world. We have to open up our markets to whatever crap the rest of the world throws at us while our good are shut out of theirs! :mad:
Which makes my point exactly. Cars are way overpriced. The poor soul that pays MSRP will get shafted when he trades. Even if he keeps his Camry till it has UA and crashes, the amount paid by the insurance will be based on a much lower price point. I don't see where $2000 under invoice for a top of the line Camry is at all unreasonable. And especially with 100+ days inventory on the lots.
I have always been of the opinion that someone that pays MSRP for a vehicle has more money than brains. Invoice should be a buyers starting point and work down from there. For someone that wants a new vehicle this will be a buyers market for the near future. We are in a recession with little hope of getting out of it for the foreseeable future.
All said,,your effort in wasting time.effort and research to defame toyota is futile... They will be doing well in 3 or 4 months time when the hysteria subsides and Congress and BHO have better things to do !! :sick:
Let gas shot up to 5 again-- and see how hysteria flys out of the window...Folks will be lining up to buy the 100 days inventory of Corollas,Camry`s and Priuses!!
On the low end, the Regal will definitely steal some sales from the likes of Malibu, Camry, Accord, etc.
Same goes for Ford's Taurus. Nice. Although I was interested in the pricey SHO, the more "normal" models priced similarly to the Camry would be of interest to a lot of folks.
The only thing Camry has going for it right now is price. Toyota dealers are selling them cheap right now, if you want to take a chance on one, that is.
Must've been some guitar! :P
You continue to make my points for me. If you were on Edmunds for any length of time you would know my advice on buying a vehicle. When fuel prices go up, it is time to buy that PU or big SUV. When gas is below 2 bucks go for the econobox. All your post is verifying is the average American car buyer is not that bright.
Wow, I never would have guessed that. But it definitley makes sense. I have one built in Spain but all my other guitars except for an Indonesian Strat are American made (Taylor, Martin, Carvin) :shades:
Q. What was the best thing about the cash for clunkers program?
A. It got rid of 95% of the Obama bumper stickers! :shades:
Not necessarily the bank's fault, as you start living so close to the edge financially, and sooner or later, you're going to fall of the cliff.
Now that credit is tight, and dealers can no longer roll negative equity from one car, into a new one, this should eventually right itself. And, those who just "had to have" that new car, can't get the financing. So, they drive what they've got....hopefully, until they pay it off, and then drive it some more.
Still, it's the buyer's responsibility to be.....well, responsible in looking at their financial situation and deciding if they want to go down that "new car" road again so soon and add more debt.
2013 LX 570 2016 LS 460
I know for awhile, there were a couple of dealerships around me who wouldn't even take a Camry or a Corolla in trade. Maybe they are now, not sure. But, if they are, the question becomes are they really low balling them by looking at the issues and how hard it might be to sell a used Toyota.
I know one poster (mako) here at Edmunds had bought a new '10 Avalon that he bought I think for mid $30s. He didn't want it any more after all of this recall fiasco hit. He had a hard time getting a buy bid on it. And when he finally did, it came in at something like $20K....on a practically new Avalon. That's a pretty big hit.
I have been checking used car lots in our area. Some of the boutique lots that used to front lots of toyotas don't seem to have _any_ on their lot. It looks like they won't buy them from the auctions or other sources. I wonder how the resale value is actually going on toyos--not just the lagging book values. Too bad someone from Manheim auction use can't report what has happened to the values in the in last six months for toyos.
I predict with rental fleets and leases turning them in, there will be a vast reduction in value at stores other than toyota's own used car lots, where they will try to act like they are still at full value as a used car offering.
2014 Malibu 2LT, 2015 Cruze 2LT,
He can thank toyota for not responding properly and covering up the truth about toyotas for the past years for the loss in value. Looks like there's more to come in value loss.
2014 Malibu 2LT, 2015 Cruze 2LT,