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Automotive News & Views Toyota in decline in 2009?
3775 messages, Last post on Dec 05, 2009 at 11:24 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: kdhspyder (Apr 27, 2009 2:37 pm) well that pretty well kills any chance of 2009 hotcakes selling doesn't it? I don't expect we will see people taking out car loans in the 20 to 30K bracket as long as the economy is on the ropes. If GM goes under as well the unemployment rate we now have will look good compared to the jobs that will fold after that happens. I just have my doubts if gas will hit $4.00 in 09 if it even does in 10. And if it does who will pay more for a left over 09 than they would for a new 10? Nippon once commented that entry level cars will more than likely be the first ones to show signs of recovery and the 09 prius will not be entry level. Like I said if the economy does recover then $4.00 gas would seem like a small price to pay. But it doesn't look like the economy is going to recover and I doubt if Toyota Finance can carry the whole burden on their own. I wonder if they will offer a buy back program like Hyundai? Something the "experts" said a car manufacturer could never do and yet Hyundai is doing it. By the way have you seen some of the default rates the credit unions are faced with? It seems if people are willing to give up their car before they lose their home.
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Replying to: boaz47 (Apr 27, 2009 9:34 pm) In many ways the "we'll make your payments for 9 months if you lose your job" schemes are better from the consumer's point of view because you often need a car to get a job. Of course if it takes longer than 9 months to get a job, well the only thing you can say is that you are 9 months closer to not being upside down if you do eventually need to liquidate the car. |
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Replying to: boaz47 (Apr 27, 2009 9:34 pm) Well you can get a 40 mpg stick shift Yaris with all the bells and whistles except keyless and cruise for $14K....or you can spend $6-8K more and get a new Prius that makes 50 mpg. That's a big gap in price. I know my choice would be Yaris, and I think if we see any recovery at all this year, it will be in the smaller cheaper cars. Someone on the boards here just replaced his Echo with a Yaris this month. Prius was never in consideration, but then, we Echo owners are a fiercely loyal bunch! 
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Replying to: nippononly (Apr 28, 2009 5:58 am)  Still I would wait till I had no choice before I decided to get a new car in this economy.
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GM improves, Toyota slips as industry decline eases Ford, Honda and General Motors posted their smallest sales declines of the year in April, while Nissan and Toyota had their largest, as the industry improved from depressed levels of February and March. Drops of 33 percent at Ford Motor Co. and GM were in line with analysts' forecasts, as was American Honda's 25.3 percent slide. Nissan North America's 37.8 percent fall and Toyota Motor Sales U.S.A.'s 41.9 percent tumble were steeper than forecasts. ....Ford Motor outsold Toyota for the first time since March 2008. And in the "oh for shame!" category: The Honda Accord was the best-selling vehicle in the United States, unseating Ford's F-series pickup. Note there's no mention of the Camry there. For the first time, Toyota is now declining faster than the overall market for the YTD, and significantly faster than Honda is. That is during a period when Honda is continuing business as usual and Toyota is piling on the cash rebates. THAT can't be good! http://www.autonews.com/apps/pbcs.dll/article?AID=/20090501/ANA05/905019986/1078- (registration link)
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Replying to: nippononly (May 01, 2009 9:51 pm) Since they are not going to ship as much here and since they had the Tundra/Sequoia products shut down for 90+ days there simply are fewer vehicles being made available....thus few sales. In essence Toyota is shrinking itself intentionally.
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Replying to: kdhspyder (May 02, 2009 5:25 am) I wonder what they called such a sales loss now I know. Intentional.
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Replying to: boaz47 (May 02, 2009 4:07 pm) These are two key reason that of the largest vehicle makers Toyota has by far the stongest financials .... thus nowhere near BK court.
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Replying to: kdhspyder (May 02, 2009 7:17 pm) |
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but if you have a Union like the UAW that is really not fully on board with the Company they're working for, things go down the potter really quickly. Unionites not autoworkers, that's what they are in relation to Ford, Chrysler and GM. Those that are more interested in sucking down profits and keeping legacy costs high, that would be the UAW. Putting bigger tariffs on imports is not the answer, either, because the backlash caused by the larger charges for a product the U.S. wants to buy from Japan would only anger and frustrate consumers further. And that is what the U.S. has found out historically with the trade "imbalance" issues, it's a tradeoff enacted for the better good of trade overall. The bottom line is: Is what you are building what the people want? Or not? Toyota and their "just in time" parts philosophy and actual car supplying philosophy is a lot more in tune with reality than the domestics seem to be. Hopefully the Big 3 will learn some supply and demand ratios during this manufacturing downtime. Mitsubishi is cutting back employees and manufacturing as needed as well, and their focus is to build real good small cars, cars that are fun to look at and fun to drive. Which includes their all-electric powertrain vehicle the i-MiEV. We're about a year off still until that car comes here, and there is now talk about building the i-MiEV in Mitsubishi's Normal, IL plant.
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