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Location: New Albany, Indiana (Greater Louisville)
11,969 posts, read 25,562,539 times
Reputation: 12193
I have lots of friends who work at Toyota's Camry plant here in Kentucky. For their sake I'm glad sales are going strong but I could never drive the stuff toyota is putting out right now. Maybe when I'm 60
A lot of Camry's and Rav4s might be recalled soon for door fires from window switches. The Feds are checking it out now. If there are quality issues with the window switches in Camrys and Rav4s then 830,000 vehicles could be recalled. Toyota is turning away repairs to customers that have experienced fires if there are too many miles on their window switches. IMHO, if my door catches fire because of a window switch then the automaker should fix it. High mileage shouldn't cause your window switch to start a fire. Toyota should be responsible for any damages caused by the poor quality of components used in their vehicles. They will need to change their estimates because this will hurt them. Their stock has already dropped just over 3%.
A lot of Camry's and Rav4s might be recalled soon for door fires from window switches. The Feds are checking it out now. If there are quality issues with the window switches in Camrys and Rav4s then 830,000 vehicles could be recalled. Toyota is turning away repairs to customers that have experienced fires if there are too many miles on their window switches. IMHO, if my door catches fire because of a window switch then the automaker should fix it. High mileage shouldn't cause your window switch to start a fire. Toyota should be responsible for any damages caused by the poor quality of components used in their vehicles. They will need to change their estimates because this will hurt them. Their stock has already dropped just over 3%.
Wow.. you know ALOT!.. NOT!.. TM is about the strongest auto stock out there.. lol good try though..
Sales in the United States, Toyota’s largest market, are now picking up, having risen 7.5 percent in January because of a 56 percent increase in its flagship Camry sedan, according to Bloomberg.
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The automaker said it expected to sell 7.41 million vehicles worldwide in its financial year that ends in March, compared with a previous projection of 7.38 million.
What the article fails to note is that Toyota boosted sales to rental fleets by 47%.
The Japanese automaker sold 47 percent more cars and trucks to U.S. rental companies and other fleets in January, compared with a year earlier. Without those corporate customers, U.S. sales would have been up less than 1 percent instead of 7.5 percent.
Toyota typically sells 7 to 8 percent of its vehicles to rental fleets. In January that rose to 18 percent.
Carter said fleet sales also will be high this month, but will drop to more normal levels in March. The company expects to sell less than 10 percent of its vehicles to fleets in 2012, spokesman Steven Curtis said. Toyota’s chief rival, Honda Motor Co., sells few cars to fleets.
This is actually rather big news as Toyota hasn't sold more than 15% of a monthly allocation to rental fleets in over 5 years. They also have not sold 10% of an annual allocation to rental fleets and despite what they are saying, analysts think that's where they are heading. They need to use their capacity and the easiest way to do that is to sell to rental companies. Of course, it is a delicate balancing act as too many rental sales hurt resale and has a cascade effect.
Before anyone goes there, yes GM and Ford sell just under 30% of their vehicles to fleets. What's not generally explained in that number is that the vast majority of those sales are trucks to commercial fleet customers, not direct car sales to rental companies. Toyota, is a very minor bit player and virtually all of their "fleet sales" are to rental car companies.
What the article fails to note is that Toyota boosted sales to rental fleets by 47%.
At least tax dollars don't subsidize rental fleets. If it were not for government and rental fleet sales the big three would have swirled down the toilet in about 1982.
At least tax dollars don't subsidize rental fleets. If it were not for government and rental fleet sales the big three would have swirled down the toilet in about 1982.
Well Japanese tax dollars certainly subsidize Toyota and the other major Japanese brands. Korea is also rather generous to Hyundai. That isn't even getting into protective tarriffs and very manufacturer friendly labor laws and the boost from national healthcare. Americans are amazingly astonished about the money given to the auto industry, without realizing that it hasn't really been a level playing field in decades.
The whole point though, was to address the spin on the article in which it attempted to frame this as a massive increase in demand for Toyota vehicles, which really isn't the case. If anything take your point about the mistakes of the Big Three in that regard and then ask yourself why toyota seems to be stumbling down the same path.
Well Japanese tax dollars certainly subsidize Toyota and the other major Japanese brands. Korea is also rather generous to Hyundai. That isn't even getting into protective tarriffs and very manufacturer friendly labor laws and the boost from national healthcare. Americans are amazingly astonished about the money given to the auto industry, without realizing that it hasn't really been a level playing field in decades.
The whole point though, was to address the spin on the article in which it attempted to frame this as a massive increase in demand for Toyota vehicles, which really isn't the case. If anything take your point about the mistakes of the Big Three in that regard and then ask yourself why toyota seems to be stumbling down the same path.
A sale is a sale. I believe the government still holds 26% of GM stock and it need to double from it’s current price for the government to get it’s money back. I give GM about another 2-4 years before they pawn their underfunded pensions off on the goverment.
So Toyota has had a few bad years, but the cars are still decent. The big three spent the better part of three decades building a lot of garbage that would have made even Lada blush.
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