Honda has been offering 0% for quite some time now but Honda rarely if ever does rebates .
There is a couple ways to look at that. 0% financing is a HUGE rebate. If Honda has enough cash to carry those loans it may not seem so bad as banks are not paying much for money right now. It is only costing Honda about 1%-2% using their own money to finance. It still lowers the resale value of the vehicle. I doubt anyone is giving 0% on a used vehicle. So they are competing with new which lowers the resale by about $4000-$6000 on the average Camry, Accord or Malibu.
too me, that is their actual number, I'm not including the numbers from dead brands, Hummer, Saab, Pontiac, or Saturn! if you add the four dead brands then you have 141,951
it escapes me why people would be foolish enough to buy vehicles from brands that don't even exist anymore! plus in less then 10 years from now, GM won't even continue to have the accessories and certain parts for the vehicles anyway! I guess people are desperate to get a cheap car to meet their budgets since they are obviously getting those Hummer's, Saabs, Pontaics, and Saturns for practically next to nothing! go figure :confuse:
yeah well thats not their fault that GM, Ford, and Chrysler made such poorly reliable, not well built, poor quality products for so many years that American's knew it and flocked in droves to the Japanese, Korean, and German automakers for almost 20 years, which didn't instill any confidence in any country to take in and offer GM, Ford, or Chrysler products to their populations :P
Hopefully, at least Ford as begun showing it, if GM shows several years of improved quality and reliability this might finally be able to change and more countries will begin offering more of their products!
What is coming out of Buick right now is some good signs they are heading in the right direction!
I saw the Toyota commercial showing people buying recent model Toyotas and the spokesman at the end says, "Thanks for standing behind us!" I bet they turned off the camera before it caught him adding, "But, by God, don't stand in front of us!"
There is a couple ways to look at that. 0% financing is a HUGE rebate.No, it is not a rebate at all. I would never finance my car if financing is greater than 0%. My grandmother always told me:"if you can't pay for this in cash, you can not afford it, except the house".
Honda does dealer incentives, so the buying customer doesn't know they exist for the most part. The dealer cuts price a little, maybe, and makes more profit.
(AP Photo/Steven Senne) A month after Toyota vowed to fix vehicles that suddenly accelerated, some car owners have already started complaining that the repairs were insufficient, according to a report in the Los Angeles Times Wednesday.
So far, at least seven complaints in the last two weeks have been filed with the National Highway Traffic Safety Administration, saying the repairs to pedals and floor mats have not stopped their cars from surging unexpectedly, the paper reports.
NHTSA has not confirmed the allegations.
"There is already doubt out there that the solutions Toyota has put forward really fix the problem of unintended acceleration," Aaron Bragman, an auto industry analyst told the newspaper.
In one of the reports filed with NHTSA, a 2010 Camry owner who had their car repaired Feb. 12 in Michigan said it accelerated up a snow bank just five days later after receiving special brake override software, the complaint said.
"Had the incident happened one minute earlier, I would have been in a high car/pedestrian area and would not have been able to avoid an accident," the consumer wrote. "The fix done by Toyota is not the fix for the acceleration problem."
Toyota has recalled nearly 10 million vehicles worldwide this year.
Getting parts for my 3 year old Sequoia is not that easy. I had to wait 4 weeks for Toyota to get a new NAV when mine locked open with the screen sticking out. Nothing in the audio system worked except Rush Limbaugh. Could not turn off. I did have volume control thankfully. According to Toyota they had to get a new one from India. I guess that is where Denso builds their NAV/DVD/CD/radio units. I would expect it to get harder and harder to get certain throwaway parts for all brands.
"if you can't pay for this in cash, you can not afford it, except the house".
Excellent advice. However when you go to sell your 3 year old Honda, and the dealer is offering 0% financing a buyer will go for the new car. Driving the price of your 3 year old Honda down by that much or more.
Incentives are one thing, but nearly every model at 0% for 5 years is like throwing in the bathroom sink; bye bye to the resale value :sick:
Guess desperate times call for desperate measures
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:
if you go over to the LaCrosse forum, you should read some of the disturbing problems some people are having on brand new 2010 LaCrosse's with electrical, starting problems, and one having his car completely die on him with only 1400 miles on it, which fried his engine and GM still doesn't know whats wrong with it or why it happened! his engine is fried and he now hows a brand new engine in a car with only 1400 miles on it I don't know how he's doing it, I'd be going looney with GM if they didn't give me a new car! I wouldn't trust driving it after what he went through!
besides this horror story, others on their commented about some electrical and starters needing to be replaced and the GM dealers not having anything in stock and having to wait 2-3 weeks to get anything in! when you posted your wait from Toyota I immediately thought and remember reading this on there!
I guess the lesson here is, whether your with Toyota, GM, Ford, Honda, or what ever company, a lot of stuff is not kept in stock and you might be waiting a while to get something in to fix your car!
Your just lucky it was only nav related and you could still drive your car and not something mechanical like these LaCrosse people are dealing with people there is no loaner car with their GM dealerships and the insurance will only pay so much for the rental cars they have to have for 3-4 weeks!
I noticed, my own local Toyota dealer just moved into a brand new dealership and once this all came out with Toyota they now have a about 2-3 dozen loaner cars on their lots! I don't think thats going to cover everyone in the recall :P It will be interesting to see if my local GM dealership does this as well but as of right now they only have 1 courtesy shuttle service with no loaner cars!
Incentives are one thing, but nearly every model at 0% for 5 years is like throwing in the bathroom sink; bye bye to the resale value
ain't that the truth!!! I don't think a lot of people realize that when they hear all these commercials for Toyota and the others for 60 months 0% financing that their resale value is as you indicated, going down the drain!
>So far, at least seven complaints in the last two weeks have been filed with the National Highway Traffic Safety Administration, saying the repairs to pedals and floor mats have not stopped their cars from surging unexpectedly, the paper reports.
I wonder if they tried to go back to the dealer to see about getting their car reported again. Were they turned away again with no record made of their report of acceleration after the "fixes" were put into place?
>ain't that the truth!!! I don't think a lot of people realize that when they hear all these commercials for Toyota and the others for 60 months 0% financing that their resale value is as you indicated, going down the drain!
Regression to the mean--and beyond!!!
"Back where they started from." Isn't that a song title? Maybe they will use it in their new commercials.
Its funny, when I was getting my Maxima last year, Nissan, at the time, was offering the 0% financing for 60 months thing and even though I was leasing, I asked my salesman about it anyway, and he says to me, "oh you know, its not really 0% financing, it really is 0.9% financing which the financing company actually rounds up to 1% when calculating the cost and fiance payments so your not really getting 0%"
I just laughed when I heard him say that, and asked well isn't that really deceptive advertising? and he said to me, "yeah it is a little bit misleading and we as salesman have to be the barer of bad news when everyone comes in thinking they are getting 0% when they actually won't be!"
Its the same thing with the auto commercials stating really attractive $149 a month or $199 a month lease payments for cars yet the avg Joe who knows nothing about cars or how to get a good deal thinks that is what he will pay when he walks into the dealership! too bad those payments are for completely stripped models, the majority of the time, and they don't include taxes, title, lics, reg, dealer fees, etc!
I've learned over the years, as I'm sure you have, whether it is a GM, Ford, Toyota, Honda, Nissan, etc commercial how skeptical I'm when they advertise stuff because all of it is so deceptive and misleading! thats why forums such as edmunds and others are so great tools for us consumers so we go into the dealerships armed with knowledge and what other people are paying so that we aren't some stupid idiot off the street!
We had knuckleheads in here cheering for GM's demise.
They weren't knucklheads hoping GM would go away. They were people that believed any NEW company could do it better than GM has done. Any existing company could do it better for that matter.
I think Oscar Meyer, Kraft, McDonald's, and Pepsi could have all run or been running a GM-like company better than GM has or is. Could it have been done any worse, I think not.
'18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
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.
I believe the chances of buying a domestic lemon are far greater and higher than being hit by lightining or getting a Toyota with UA. I'll stick with Toyota if my goal is to avoid lemons.
'18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
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.
How many times are you going to repeat the same thing? In absolute terms, Toyota's incentives are still the 3rd lowest among the Big 7 automakers in the US, behind only Honda and Hyundai.
GM, Chrysler, and Ford, in that order, have the highest incentives, all above $3300 per vehicle on average. Moreover, 58% of Chrysler's Feb. sales went to fleets, and likewise for nearly a third of GM's sales.
my point being, your not safe with any automakers, whether it is American, Japanese, Korean, or German; there is a reason why as soon as you step foot in a car your chances of dying increase several folds!
there is a reason why unintended accidents are the fifth leading cause of death in the US every year
>one of these models if you want to stay safe with GM
I'm not sure why you're posting off topic GM stuff in the toyota discussion.
Notice the difference: it comes on slowly and it doesn't leave the vehicle uncontrolled like the toyota Uncontrolled Acceleration does. And, whoopeeee, there's been one alleged injury. By the way, the motors for the steering come from a company partly owned by, guess whom, toyota. :P
Also note the difference in description compared to the Corolla steering problem. The Corolla problem has the car wandering and jumpy so it goes out of its lane of travel, at least that's the description I read.
"After our in-depth investigation, we found that this is a condition that takes time to develop. It tends to occur in older models out of warranty," said Jamie Hresko, GM Vice President of Quality. “Recalling these vehicles is the right thing to do for our customers' peace of mind.
"While greater steering effort under 15 mph may be required, if the customer experiences loss of power steering assist, it is important to note that the vehicle can still be safely controlled because the customer can still steer the vehicle,” Hresko said. “When the condition occurs, both a chime will sound and a ‘Power Steering’ message will be displayed.”
just as if Toyota used a American company for a part that was defective they would ultimately be responsible for the safety issue because their name is on the product, GM needs to be the one accountable for this!
Trying to constantly say thats its Toyota's fault since their name is on that specific part is a little bit disingenuous! Blaming Toyota doesn't mean anything since GM's name is on the final product and they are the one that is suppose to have the final quality check on their products! while Toyota made a inefficient part, the higher blame needs to be on GM from missing the potential problem in quality and design checks! need to start placing the blame where it is ultimately deserved and supposed to be, GM! playing the blame game is what got them into the hot water they were recently in and I thought that corporate philosophy was suppose to change post bankruptcy :confuse:
It continues to puzzle me why people keep making excuses for General Motors and why its okay for them to shift blame but if Toyota does it, it is a mortal sin :confuse: it doesn't matter what auto manufacture it is, no one should be playing the blame game and should be owning up to their mistakes and correcting this; didn't GM learn from what Toyota just went through??
Trying to say that the steering problem is not as serious as UA makes no sense to me and escapes logic? both are very serious problems, steering possibly going out being a serious safety flaw just as UA is! I've actually had power steering go out for no reason on two GMs I had over the year and I'm lucky I was experienced enough to compensate when the wheel locked up and not going fast enough that I wasn't killed
In fact, saying that the problem comes on gradually and not suddenly is not entirely true since that statement comes directly from GM's website where of course they are going to try and downplay it even if it was more serious then that; in fact, the NHTSA and several people who have those vehicles on the edmunds forums have explained many SUDDEN steering problems developing in their Cobalts and other models apart of this 1.3 million recall, etc!
also, just as you and I were discussing earlier today about not all incidents being reported in a recall, their have been evidence that this power assist problem has been reported by owners in many new Malibu's and a few Saturn models that are not even included in GM's recall list there is probably even more than the 1.3 million models GM is claiming!
your right though, this should be on the GM forum! actually I think someone on GM News posted several articles describing what I just explained so you might want to check them out! actually, sharon posted a great article over on the Toyota accelerator forum that the supplier of that part is only partially owned by Toyota! still doesn't negate the fact GM needs to take the responsibility!
Nissan has announced a recall for a host of its North American vehicles, joining a long list of automaker publicly declaring problems with their vehicles of late.
Bloomberg says the Japanese automaker announced in an e-mail, that it wants to inspect and repair the brake pedal pins on 2008-2010 Titan pickups, Quest minivans and Armada and Infiniti QX56 SUV.
Reportedly, Nissan will also inspect and repair fuel gauges in 2005-2008 Titans, Armadas and QX56s, plus Frontier pickups and Pathfinder and Xterra SUVs produced from Jan. - Mar. '06 and Oct. '07 - Jan. '08.
I believe the chances of buying a domestic lemon are far greater and higher than being hit by lightining or getting a Toyota with UA. I'll stick with Toyota if my goal is to avoid lemons.
Have you been out of the country for the past 2 months???? :confuse:
Right now, buying a Toyota and buying a lemon are one of the same. Buy it and drive it at your own risk; whether it won't stop, accelerates suddenly, or for whatever is still causing the underling issue :sick:
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. In absolute terms, Toyota's incentives are still the 3rd lowest among the Big 7 automakers in the US, behind only Honda and Hyundai.
Justify it however "you" want, but this is only the beginning. Toyota will be forced to continued the high incentive programs and it only hurts the buyer in the long run as they may save some money up front, but down the road that Toyota just drops in value because of it. :sick:
Yes you sure will stay alive with a broken down GM vehicle sitting on the side of the road. My bother-in-law can certainly tell you about his great Buick Skylark that he had to have the motor replaced twice ans transmission fixed once before the ca hits 100K miles. The car vibrates so much while it is running that we would joke about his car having a massage seat built in. I had a Pontiac Sunbird that had to see the mechanic every other month for different issues(of course I bought this used) costing me quite a bit of money before I decided to get rid of it :lemon: . I also had a Chevy Malibu that I was told needed a new motor by the time it hit 88K miles. :mad: I have owned 2 Camry in the past which I also bought used, one Camry when I sold it had 130 K miles, another when I sold it had 155K miles and still running great. The only thing I had to fix on these vehicles were the manual Camry's slave cylinder.
Toyota has been getting hammered on Capitol Hill and on the showroom floor, but the Japanese automaker isn't going to take the punishment sitting down. To spur sales during this time of crisis, Toyota is betting big on incentives that included 0 percent financing and leases under $200 on its most popular products.
Effective immediately, Toyota is offering 0 percent financing for up to 60 months for the Camry, Corolla, Matrix, RAV4, Avalon, Highlander, Tundra and Yaris. If you're not looking to buy, the embattled automaker is offering lease specials of $179 on the Corolla and $199 for the perennially top-selling midsize Camry. To sweeten the pot, Toyota is also offering two years of free maintenance for all customers who purchase a new Toyota and have proof of current ownership of a Scion, Lexus or Toyota in the household.
With sales down nine percent in February versus the same month in 2009, Toyota needed to do something to get foot traffic into its dealerships. Since these are some of the best incentives we've ever seen Toyota dole out, we're thinking it just may work. But if these generous incentives don't spur a rush to local Toyota dealers, we're not sure what more Toyota will be able to do to regain lost momentum. The new rebates are good through April 5, 2010.
this is no big shocker! all the manufacturers are getting recall happy and finally coming clean after what has happened with Toyota recently!
GM, Ford, Toyota, Honda, and now Nissan have all had recent recalls that have made news headlines!! :sick:
revit seems to think Toyota is the only manufacturer your gambling with when in hindsight every single one has begun to be gamble! those five companies I just mentioned constitutes almost 80% of the vehicles on our road ways!!
am I missing any other automakers declaring recalls lately?
Toyota still holds the lead going on 10 million and counting. Does Toyota have a fix yet for their wandering Corolla steering? GM seemed to jump on their Cobalt steering in short order.
I am sure none of the others want a repeat of what Toyota brought on itself.
GM, Nissan, and Honda, etc all initiated and announced their recalls pretty quickly, most likely due to Toyota's initial hesitance with their recalls so hopefully all the auto manufacturers will be quick and forth coming as soon as a recall problem is found!!
I'm not sure with GM's though, a good majority of the recalled models so far are older model years so I'm not sure how long they might have known about the problems before initiating the recall?
>I have owned 2 Camry in the past which I also bought used, one Camry when I sold it had 130 K miles, another when I sold it had 155K miles and still running great
You need to rush right out to your dealer and buy a couple toyotas. I'm sure they'll be happy to see another sucker willing to take a chance. You can probably get a good deal, especially on two. Good luck!
?Traditionally Toyota's strong resale values were a selling point for rental companies. Toprak said the decline of a few hundred dollars in the value of a used Toyota due probably isn't enough to sway consumers, but that such a small shift "can make or kill a rental company's decision to buy a car or not" since the profit margins on these vehicles are so thin."
I would say the public was not really aware of the NHTSA Office of Defects where they could complain. Most people complain to the dealers and we know which file that ends up in. This whole Toyota fiasco has made a lot of people aware that they can be heard.
well if rental fleets are not buying those Toyota's, considering the ones they have are not in demand, then the majority of those Toyota's sold were by consumers which just goes to show how, despite the recalls on the Camry and especialyl the Corolla, their sales last month were not that bad as original feared at the beginning of February!
even though I commend Ford for its impressive sales figure last month, almost 30-40% of their total sales were made up of fleet sales, which was followed by GM, no surprise, and Chrysler leading the pack in fleet sales!
I don't know if fleet sales are really the best way for GM and Ford to build their reputation for quality and improving their resale values? who knows!
I don't think Nissan is helping itself either with having a higher volume of fleet sales of the three big Japanese automakers!! would explain why their resale values are still the lowest of the three big japanese auto companies!!
i guess you missed the part that 9% of toyota sales last year were to fleets. that same type of sale is also helping the numbers to look not so bad this year. i would have had to register to read the whole article, i think it was money magazine, but i saw one the started out with '1/3 of toyota sales were fleet sales last month'. i'd like to see where you got you numbers. i couldn't find anything that covered multiple brands.
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
I would if I needed a new car. The thought is tempting. since I only have 60K on my Toyota, and I know it will last another 100K easily. But if Toyota would offer some serious rebates on the Highlander(3K), I certainly would consider trading in my minivan for the Highlander. But for you imidazol97, please run out and buy 2 GM products and have fun spending big money fixing them once the warranty runs out :lemon: . I certainly spent enough $$ fixing my previous GM vehicles. :lemon:
Sounds like toyo is pretty much fleet fodder. Those sales will be breaking as the fleets don't order more because of ongoing problems at toyota.
Talking to a friend from Michigan visiting for the weekend about her toyota and how to handle unintended runaway acceleration. She said she drives in the right lane because she's afraid of the car. She also said she doesn't use the cruise control on her leased vehicle because it always wants to go above the set speed. She says it doesn't work like other cars with cruise control she has had. I suggested she take it to the dealer to ask about it. I told her it should be under warranty. They should not charge her. But apparently she's had bad experiences with dealers while she lived in this area. Her selling dealer was in north central Ohio.
I suspect she won't have another toyota after the lease is up. I forgot to ask her about when her lease is up.
Ironically, her car is lease fodder. Silver with a grey interior that's rather unappealing and cheap looking. Everything has an unfinished look when one takes a second look.
over the years, i have been a big advocate of the Escape, we have 2. i just find it funny that other small suv's are on their 3rd, 4th, 5th generations, but gen 1 Escape can still stomp them in sales. :shades:
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
I never once said Toyota did not have fleet sales in my posts so I don't know where you are getting that from!
you just posted an article stating that fleets are not buying as many Toyota's right now because they are just sitting on their lots because the majority of people don't want to rent or drive them and that article I posted showed you fleet sales were down for Toyota last month! if that is the case then all those Toyota's sales then had to be either by us consumers or Gov't/company vehicle purchases! those are the only other possibilities to explain sales of automobiles!
I don't know what numbers you talking about but if your referring to my numbers for those represented models sold last month from the big 6 volume auto companies, I got them from each manufacturers website from their own sales reports last month so all you have to do is go to GM's, Ford's, Toyota's, Honda's, Nissan's, and Hyundai's website if you want to satisfy this ridiculous notion I made up numbers :confuse:
This could actually turn out to be a silver lining for Toyota if rental car companies cut back on their purchases of Toyota products, if some customers are too fearful to rent them.
One of the greatest contributors to vehicle depreciation is sale in large numbers to rental fleets (see Impala and pre-2008 Taurus).
Justify it however "you" want, but this is only the beginning. Toyota will be forced to continued the high incentive programs and it only hurts the buyer in the long run as they may save some money up front, but down the road that Toyota just drops in value because of it.
Only the beginning; we'll see! If so, it's going to hurt you a lot more than me since my Camrys are 5 and 6 years old, unlike the 2009 model you no longer proudly own. :P
...revit seems to think Toyota is the only manufacturer your gambling with when in hindsight every single one has begun to be gamble! those five companies I just mentioned constitutes almost 80% of the vehicles on our road ways!!
Even so, the odds for any one individual having to bring his/her own vehicle in for recall work is small. Going back to 1997, when I bought a '97 Camry (since sold) and 1998, when I bought a '98 Frontier (which I still have), I've only had to bring 2 cars in for 1 recall each plus the Frontier for a service campaign to reposition an a/c bracket. So that's 3 recalls/campaigns in 13 years.
I had my 1980 Volvo 240 for 21 years from 1982-2003, and it was never recalled for anything.
well if rental fleets are not buying those Toyota's, considering the ones they have are not in demand, then the majority of those Toyota's sold were by consumers which just goes to show how, despite the recalls on the Camry and especialyl the Corolla, their sales last month were not that bad as original feared at the beginning of February!
if 1/3 of the toyota sales for last month were to fleets, and they weren't camry's or corolla's, what do you think they were?
the rental companies are worried about getting the cars they are expecting to get in a few months, not the ones they have already.
i would like you to post where you got the fleet numbers/percentages for all the brands you mentioned.
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
Comments
There is a couple ways to look at that. 0% financing is a HUGE rebate. If Honda has enough cash to carry those loans it may not seem so bad as banks are not paying much for money right now. It is only costing Honda about 1%-2% using their own money to finance. It still lowers the resale value of the vehicle. I doubt anyone is giving 0% on a used vehicle. So they are competing with new which lowers the resale by about $4000-$6000 on the average Camry, Accord or Malibu.
"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!"
it escapes me why people would be foolish enough to buy vehicles from brands that don't even exist anymore! plus in less then 10 years from now, GM won't even continue to have the accessories and certain parts for the vehicles anyway! I guess people are desperate to get a cheap car to meet their budgets since they are obviously getting those Hummer's, Saabs, Pontaics, and Saturns for practically next to nothing! go figure :confuse:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzQ0ODl8Q2hpbGRJRD0tM- XxUeXBlPTM=&t=1
Hopefully, at least Ford as begun showing it, if GM shows several years of improved quality and reliability this might finally be able to change and more countries will begin offering more of their products!
What is coming out of Buick right now is some good signs they are heading in the right direction!
Honda does dealer incentives, so the buying customer doesn't know they exist for the most part. The dealer cuts price a little, maybe, and makes more profit.
2014 Malibu 2LT, 2015 Cruze 2LT,
(AP Photo/Steven Senne) A month after Toyota vowed to fix vehicles that suddenly accelerated, some car owners have already started complaining that the repairs were insufficient, according to a report in the Los Angeles Times Wednesday.
So far, at least seven complaints in the last two weeks have been filed with the National Highway Traffic Safety Administration, saying the repairs to pedals and floor mats have not stopped their cars from surging unexpectedly, the paper reports.
NHTSA has not confirmed the allegations.
"There is already doubt out there that the solutions Toyota has put forward really fix the problem of unintended acceleration," Aaron Bragman, an auto industry analyst told the newspaper.
In one of the reports filed with NHTSA, a 2010 Camry owner who had their car repaired Feb. 12 in Michigan said it accelerated up a snow bank just five days later after receiving special brake override software, the complaint said.
"Had the incident happened one minute earlier, I would have been in a high car/pedestrian area and would not have been able to avoid an accident," the consumer wrote. "The fix done by Toyota is not the fix for the acceleration problem."
Toyota has recalled nearly 10 million vehicles worldwide this year.
Getting parts for my 3 year old Sequoia is not that easy. I had to wait 4 weeks for Toyota to get a new NAV when mine locked open with the screen sticking out. Nothing in the audio system worked except Rush Limbaugh. Could not turn off. I did have volume control thankfully. According to Toyota they had to get a new one from India. I guess that is where Denso builds their NAV/DVD/CD/radio units. I would expect it to get harder and harder to get certain throwaway parts for all brands.
Excellent advice. However when you go to sell your 3 year old Honda, and the dealer is offering 0% financing a buyer will go for the new car. Driving the price of your 3 year old Honda down by that much or more.
Incentives are one thing, but nearly every model at 0% for 5 years is like throwing in the bathroom sink; bye bye to the resale value :sick:
Guess desperate times call for desperate measures
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:
besides this horror story, others on their commented about some electrical and starters needing to be replaced and the GM dealers not having anything in stock and having to wait 2-3 weeks to get anything in! when you posted your wait from Toyota I immediately thought and remember reading this on there!
I guess the lesson here is, whether your with Toyota, GM, Ford, Honda, or what ever company, a lot of stuff is not kept in stock and you might be waiting a while to get something in to fix your car!
Your just lucky it was only nav related and you could still drive your car and not something mechanical like these LaCrosse people are dealing with people there is no loaner car with their GM dealerships and the insurance will only pay so much for the rental cars they have to have for 3-4 weeks!
I noticed, my own local Toyota dealer just moved into a brand new dealership and once this all came out with Toyota they now have a about 2-3 dozen loaner cars on their lots! I don't think thats going to cover everyone in the recall
ain't that the truth!!! I don't think a lot of people realize that when they hear all these commercials for Toyota and the others for 60 months 0% financing that their resale value is as you indicated, going down the drain!
I wonder if they tried to go back to the dealer to see about getting their car reported again. Were they turned away again with no record made of their report of acceleration after the "fixes" were put into place?
2014 Malibu 2LT, 2015 Cruze 2LT,
Regression to the mean--and beyond!!!
"Back where they started from." Isn't that a song title? Maybe they will use it in their new commercials.
2014 Malibu 2LT, 2015 Cruze 2LT,
I just laughed when I heard him say that, and asked well isn't that really deceptive advertising? and he said to me, "yeah it is a little bit misleading and we as salesman have to be the barer of bad news when everyone comes in thinking they are getting 0% when they actually won't be!"
Its the same thing with the auto commercials stating really attractive $149 a month or $199 a month lease payments for cars yet the avg Joe who knows nothing about cars or how to get a good deal thinks that is what he will pay when he walks into the dealership!
I've learned over the years, as I'm sure you have, whether it is a GM, Ford, Toyota, Honda, Nissan, etc commercial how skeptical I'm when they advertise stuff because all of it is so deceptive and misleading! thats why forums such as edmunds and others are so great tools for us consumers so we go into the dealerships armed with knowledge and what other people are paying so that we aren't some stupid idiot off the street!
2013 LX 570 2016 LS 460
They weren't knucklheads hoping GM would go away. They were people that believed any NEW company could do it better than GM has done. Any existing company could do it better for that matter.
I think Oscar Meyer, Kraft, McDonald's, and Pepsi could have all run or been running a GM-like company better than GM has or is. Could it have been done any worse, I think not.
I believe the chances of buying a domestic lemon are far greater and higher than being hit by lightining or getting a Toyota with UA. I'll stick with Toyota if my goal is to avoid lemons.
How many times are you going to repeat the same thing? In absolute terms, Toyota's incentives are still the 3rd lowest among the Big 7 automakers in the US, behind only Honda and Hyundai.
GM, Chrysler, and Ford, in that order, have the highest incentives, all above $3300 per vehicle on average. Moreover, 58% of Chrysler's Feb. sales went to fleets, and likewise for nearly a third of GM's sales.
Details here.
http://media.gm.com/content/media/us/en/news/news_detail.print.GMCOM.html/conten- t/Pages/news/us/en/2010/Mar/0302_recall
my point being, your not safe with any automakers, whether it is American, Japanese, Korean, or German; there is a reason why as soon as you step foot in a car your chances of dying increase several folds!
there is a reason why unintended accidents are the fifth leading cause of death in the US every year
I'm not sure why you're posting off topic GM stuff in the toyota discussion.
Notice the difference: it comes on slowly and it doesn't leave the vehicle uncontrolled like the toyota Uncontrolled Acceleration does. And, whoopeeee, there's been one alleged injury. By the way, the motors for the steering come from a company partly owned by, guess whom, toyota. :P
Also note the difference in description compared to the Corolla steering problem. The Corolla problem has the car wandering and jumpy so it goes out of its lane of travel, at least that's the description I read.
"After our in-depth investigation, we found that this is a condition that takes time to develop. It tends to occur in older models out of warranty," said Jamie Hresko, GM Vice President of Quality. “Recalling these vehicles is the right thing to do for our customers' peace of mind.
"While greater steering effort under 15 mph may be required, if the customer experiences loss of power steering assist, it is important to note that the vehicle can still be safely controlled because the customer can still steer the vehicle,” Hresko said. “When the condition occurs, both a chime will sound and a ‘Power Steering’ message will be displayed.”
2014 Malibu 2LT, 2015 Cruze 2LT,
link title
Trying to constantly say thats its Toyota's fault since their name is on that specific part is a little bit disingenuous! Blaming Toyota doesn't mean anything since GM's name is on the final product and they are the one that is suppose to have the final quality check on their products! while Toyota made a inefficient part, the higher blame needs to be on GM from missing the potential problem in quality and design checks! need to start placing the blame where it is ultimately deserved and supposed to be, GM! playing the blame game is what got them into the hot water they were recently in and I thought that corporate philosophy was suppose to change post bankruptcy :confuse:
It continues to puzzle me why people keep making excuses for General Motors and why its okay for them to shift blame but if Toyota does it, it is a mortal sin :confuse: it doesn't matter what auto manufacture it is, no one should be playing the blame game and should be owning up to their mistakes and correcting this; didn't GM learn from what Toyota just went through??
Trying to say that the steering problem is not as serious as UA makes no sense to me and escapes logic? both are very serious problems, steering possibly going out being a serious safety flaw just as UA is! I've actually had power steering go out for no reason on two GMs I had over the year and I'm lucky I was experienced enough to compensate when the wheel locked up and not going fast enough that I wasn't killed
In fact, saying that the problem comes on gradually and not suddenly is not entirely true since that statement comes directly from GM's website where of course they are going to try and downplay it even if it was more serious then that; in fact, the NHTSA and several people who have those vehicles on the edmunds forums have explained many SUDDEN steering problems developing in their Cobalts and other models apart of this 1.3 million recall, etc!
also, just as you and I were discussing earlier today about not all incidents being reported in a recall, their have been evidence that this power assist problem has been reported by owners in many new Malibu's and a few Saturn models that are not even included in GM's recall list there is probably even more than the 1.3 million models GM is claiming!
your right though, this should be on the GM forum! actually I think someone on GM News posted several articles describing what I just explained so you might want to check them out! actually, sharon posted a great article over on the Toyota accelerator forum that the supplier of that part is only partially owned by Toyota! still doesn't negate the fact GM needs to take the responsibility!
Bloomberg says the Japanese automaker announced in an e-mail, that it wants to inspect and repair the brake pedal pins on 2008-2010 Titan pickups, Quest minivans and Armada and Infiniti QX56 SUV.
Reportedly, Nissan will also inspect and repair fuel gauges in 2005-2008 Titans, Armadas and QX56s, plus Frontier pickups and Pathfinder and Xterra SUVs produced from Jan. - Mar. '06 and Oct. '07 - Jan. '08.
Have you been out of the country for the past 2 months???? :confuse:
Right now, buying a Toyota and buying a lemon are one of the same. Buy it and drive it at your own risk; whether it won't stop, accelerates suddenly, or for whatever is still causing the underling issue :sick:
Justify it however "you" want, but this is only the beginning. Toyota will be forced to continued the high incentive programs and it only hurts the buyer in the long run as they may save some money up front, but down the road that Toyota just drops in value because of it. :sick:
I had a Pontiac Sunbird that had to see the mechanic every other month for different issues(of course I bought this used) costing me quite a bit of money before I decided to get rid of it :lemon: . I also had a Chevy Malibu that I was told needed a new motor by the time it hit 88K miles. :mad:
I have owned 2 Camry in the past which I also bought used, one Camry when I sold it had 130 K miles, another when I sold it had 155K miles and still running great. The only thing I had to fix on these vehicles were the manual Camry's slave cylinder.
Toyota has been getting hammered on Capitol Hill and on the showroom floor, but the Japanese automaker isn't going to take the punishment sitting down. To spur sales during this time of crisis, Toyota is betting big on incentives that included 0 percent financing and leases under $200 on its most popular products.
Effective immediately, Toyota is offering 0 percent financing for up to 60 months for the Camry, Corolla, Matrix, RAV4, Avalon, Highlander, Tundra and Yaris. If you're not looking to buy, the embattled automaker is offering lease specials of $179 on the Corolla and $199 for the perennially top-selling midsize Camry. To sweeten the pot, Toyota is also offering two years of free maintenance for all customers who purchase a new Toyota and have proof of current ownership of a Scion, Lexus or Toyota in the household.
With sales down nine percent in February versus the same month in 2009, Toyota needed to do something to get foot traffic into its dealerships. Since these are some of the best incentives we've ever seen Toyota dole out, we're thinking it just may work. But if these generous incentives don't spur a rush to local Toyota dealers, we're not sure what more Toyota will be able to do to regain lost momentum. The new rebates are good through April 5, 2010.
GM, Ford, Toyota, Honda, and now Nissan have all had recent recalls that have made news headlines!! :sick:
revit seems to think Toyota is the only manufacturer your gambling with when in hindsight every single one has begun to be gamble! those five companies I just mentioned constitutes almost 80% of the vehicles on our road ways!!
am I missing any other automakers declaring recalls lately?
I am sure none of the others want a repeat of what Toyota brought on itself.
No, those are your words, not mine.
I'm not sure with GM's though, a good majority of the recalled models so far are older model years so I'm not sure how long they might have known about the problems before initiating the recall?
You need to rush right out to your dealer and buy a couple toyotas. I'm sure they'll be happy to see another sucker willing to take a chance. You can probably get a good deal, especially on two. Good luck!
http://money.cnn.com/2010/02/19/news/companies/toyota_rental_cars/index.htm?post- version=2010021909
?Traditionally Toyota's strong resale values were a selling point for rental companies. Toprak said the decline of a few hundred dollars in the value of a used Toyota due probably isn't enough to sway consumers, but that such a small shift "can make or kill a rental company's decision to buy a car or not" since the profit margins on these vehicles are so thin."
2014 Malibu 2LT, 2015 Cruze 2LT,
even though I commend Ford for its impressive sales figure last month, almost 30-40% of their total sales were made up of fleet sales, which was followed by GM, no surprise, and Chrysler leading the pack in fleet sales!
I don't know if fleet sales are really the best way for GM and Ford to build their reputation for quality and improving their resale values? who knows!
I don't think Nissan is helping itself either with having a higher volume of fleet sales of the three big Japanese automakers!! would explain why their resale values are still the lowest of the three big japanese auto companies!!
http://www.thetruthaboutcars.com/incentives-fleets-fattened-february-sales/
that same type of sale is also helping the numbers to look not so bad this year.
i would have had to register to read the whole article, i think it was money magazine, but i saw one the started out with '1/3 of toyota sales were fleet sales last month'.
i'd like to see where you got you numbers. i couldn't find anything that covered multiple brands.
Talking to a friend from Michigan visiting for the weekend about her toyota and how to handle unintended runaway acceleration. She said she drives in the right lane because she's afraid of the car. She also said she doesn't use the cruise control on her leased vehicle because it always wants to go above the set speed. She says it doesn't work like other cars with cruise control she has had. I suggested she take it to the dealer to ask about it. I told her it should be under warranty. They should not charge her. But apparently she's had bad experiences with dealers while she lived in this area. Her selling dealer was in north central Ohio.
I suspect she won't have another toyota after the lease is up. I forgot to ask her about when her lease is up.
Ironically, her car is lease fodder. Silver with a grey interior that's rather unappealing and cheap looking. Everything has an unfinished look when one takes a second look.
2014 Malibu 2LT, 2015 Cruze 2LT,
i just find it funny that other small suv's are on their 3rd, 4th, 5th generations, but gen 1 Escape can still stomp them in sales. :shades:
you just posted an article stating that fleets are not buying as many Toyota's right now because they are just sitting on their lots because the majority of people don't want to rent or drive them and that article I posted showed you fleet sales were down for Toyota last month! if that is the case then all those Toyota's sales then had to be either by us consumers or Gov't/company vehicle purchases! those are the only other possibilities to explain sales of automobiles!
I don't know what numbers you talking about but if your referring to my numbers for those represented models sold last month from the big 6 volume auto companies, I got them from each manufacturers website from their own sales reports last month so all you have to do is go to GM's, Ford's, Toyota's, Honda's, Nissan's, and Hyundai's website if you want to satisfy this ridiculous notion I made up numbers :confuse:
One of the greatest contributors to vehicle depreciation is sale in large numbers to rental fleets (see Impala and pre-2008 Taurus).
Only the beginning; we'll see! If so, it's going to hurt you a lot more than me since my Camrys are 5 and 6 years old, unlike the 2009 model you no longer proudly own. :P
Even so, the odds for any one individual having to bring his/her own vehicle in for recall work is small. Going back to 1997, when I bought a '97 Camry (since sold) and 1998, when I bought a '98 Frontier (which I still have), I've only had to bring 2 cars in for 1 recall each plus the Frontier for a service campaign to reposition an a/c bracket. So that's 3 recalls/campaigns in 13 years.
I had my 1980 Volvo 240 for 21 years from 1982-2003, and it was never recalled for anything.
well if rental fleets are not buying those Toyota's, considering the ones they have are not in demand, then the majority of those Toyota's sold were by consumers which just goes to show how, despite the recalls on the Camry and especialyl the Corolla, their sales last month were not that bad as original feared at the beginning of February!
if 1/3 of the toyota sales for last month were to fleets, and they weren't camry's or corolla's, what do you think they were?
the rental companies are worried about getting the cars they are expecting to get in a few months, not the ones they have already.
i would like you to post where you got the fleet numbers/percentages for all the brands you mentioned.