Toyota gambles with Fire Sale Prices over piling inventory!!!

Reply
 
LinkBack Thread Tools Display Modes
Old 01 Aug 2010, 02:33 pm   #1 (permalink)
john
Guest
  • Posts: n/a
  • User Status:


Default Toyota gambles with Fire Sale Prices over piling inventory!!!

Looks like inventory is piling up, and a good way of doing a fire sale
is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
Incentives.

"For Toyota, the deal could be a financial disaster. To keep customers
coming to its showrooms amid a series of embarrassing recalls, Toyota
has been offering some of its best leasing terms in years.

And now it's offering leases to customers who are greater credit
risks. CNW Research noted in a report that one Toyota program requires
a credit score of "only 660 to qualify." That's seen as the dividing
line between good and poor credit.

"Toyota was in a corner. They had the recalls, and their inventory was
climbing," said Matt Traylen, chief economist for Automotive Lease
Group, or ALG, which analyzes residual and depreciation data.

Full article at:
http://www.freep.com/article/2010080...w-lease-offers
  Reply With Quote
Old 01 Aug 2010, 06:47 pm   #2 (permalink)
hls
Guest
  • Posts: n/a
  • User Status:


Default Re: Toyota gambles with Fire Sale Prices over piling inventory!!!


"john" <johngdole@hotmail.com> wrote in message
news:d52dbe8c-90e9-421e-966c-d2d961239309@s24g2000pri.googlegroups.com...
> Looks like inventory is piling up, and a good way of doing a fire sale
> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
> Incentives.



Lots of companies are feeling a crunch because people dont have jobs
like they once had. Some are still offering 0% interest loans for up to
6 years, just to try to move some inventory.

I dont think Toyota is still suffering very much from the recall problem.

If people have money to spend, they will continue to buy some cars, but
maybe not with the reckless abandon they did a few years ago.

  Reply With Quote
Old 01 Aug 2010, 09:06 pm   #3 (permalink)
Hachiroku ハチロク
Guest
  • Posts: n/a
  • User Status:


Default Re: Toyota gambles with Fire Sale Prices over piling inventory!!!

On Sun, 01 Aug 2010 11:33:01 -0700, john wrote:

> Looks like inventory is piling up, and a good way of doing a fire sale
> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
> Incentives.
>
> "For Toyota, the deal could be a financial disaster. To keep customers
> coming to its showrooms amid a series of embarrassing recalls, Toyota
> has been offering some of its best leasing terms in years.



And think of the3 excellent cars people are going to get at these prices!

And, once you've had a Toyota, most people never buy anything but again.
I'd say it's a good gamble.
  Reply With Quote
Old 04 Aug 2010, 07:13 am   #4 (permalink)
ACAR
Guest
  • Posts: n/a
  • User Status:


Default Re: Toyota gambles with Fire Sale Prices over piling inventory!!!

On Aug 1, 2:33*pm, john <johngd...@hotmail.com> wrote:
> Looks like inventory is piling up, and a good way of doing a fire sale
> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
> Incentives.
>
> "For Toyota, the deal could be a financial disaster. snip



"May 11, 2010, 3:16 a.m. EDT TOKYO (MarketWatch) -- Toyota Motor Corp.
Tuesday said it swung to a net profit of 209.46 billion yen ($2.26
billion) in the fiscal year which ended in March, reversing a year-ago
loss, and predicted the current year would also be more profitable
despite its recent plague of recall woes."

A $2.26B net profit disaster? Heh.
  Reply With Quote
Old 06 Aug 2010, 05:11 pm   #5 (permalink)
Arthur Shagnasty
Guest
  • Posts: n/a
  • User Status:


Default Re: Toyota gambles with Fire Sale Prices over piling inventory!!!



"ACAR" <dimndsonmywndshld@yahoo.com> wrote in message
news:c58c8b14-75ce-4678-b025-b7f6da99cdde@d17g2000yqb.googlegroups.com...
> On Aug 1, 2:33 pm, john <johngd...@hotmail.com> wrote:
>> Looks like inventory is piling up, and a good way of doing a fire sale
>> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
>> Incentives.
>>
>> "For Toyota, the deal could be a financial disaster. snip

>
>
> "May 11, 2010, 3:16 a.m. EDT TOKYO (MarketWatch) -- Toyota Motor Corp.
> Tuesday said it swung to a net profit of 209.46 billion yen ($2.26
> billion) in the fiscal year which ended in March, reversing a year-ago
> loss, and predicted the current year would also be more profitable
> despite its recent plague of recall woes."
>
> A $2.26B net profit disaster? Heh.


john counted his earnings for the year 2009. A $2.26 net profit disaster!
LOL!



  Reply With Quote

Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 04:10 pm.

Attribution:
Autoblog
Powered by Yahoo Answers



ToyotaLexusForum.com is an unofficial community for car enthusiasts. ToyotaLexusForum.com is not affiliated with Toyota Motor Corporation in any way.
Toyota Motor Corporation does not sponsor, support, or endorse ToyotaLexusForum.com in any way.
Copyright/trademark/sales mark infringements are not intended or implied.