If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
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 |
Ads |
#2
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
"john" > wrote in message ... > 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. |
#3
|
|||
|
|||
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. |
#4
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
On Sun, 01 Aug 2010 21:06:44 -0400, Hachiroku ???? >
wrote: >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. The first Toyota I had was the LAST Toyota I've had. Piece of junk. |
#5
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
On Aug 1, 8:06 pm, Hachiroku $B%O%A%m%/(B > wrote:
> And, once you've had a Toyota, most people never buy anything but again. Because after you've had a Toyota, it goes into uncontrollable acceleration, hits a tree and explodes? (J/K! I had to neutralize some of the bias) |
#6
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
"Ashton Crusher" > wrote in message > > The first Toyota I had was the LAST Toyota I've had. Piece of junk. A lot of people have had excellent results with Toyotas, Hondas, etc. They also claim excellent results from GM, Ford and Chrysler. And for each of the brands, there are those who resent ever having purchased one of them. |
#7
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
Kruse > wrote in news:8557899f-013a-4817-98a3-
: > On Aug 1, 8:06 pm, Hachiroku $B%O%A%m%/(B > wrote: > >> And, once you've had a Toyota, most people never buy anything but again. > > Because after you've had a Toyota, it goes into uncontrollable > acceleration, hits a tree and explodes? > (J/K! I had to neutralize some of the bias) > Well, they *do* tend to do that when you point the vehicle at a tree and hold down the gas pedal. -- (setq (chuck nil) car(chuck) ) |
#8
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
On Aug 1, 2:33*pm, 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. snip "May 11, 2010, 3:16 a.m. EDT TOKYO (Marke****ch) -- 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. |
#9
|
|||
|
|||
Toyota gambles with Fire Sale Prices over piling inventory!!!
"ACAR" > wrote in message ... > On Aug 1, 2:33 pm, 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. snip > > > "May 11, 2010, 3:16 a.m. EDT TOKYO (Marke****ch) -- 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! |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Toyota's feet in the fire... | Hachiroku $B%O%A%m%/(B[_2_] | Technology | 21 | February 17th 10 01:27 AM |
FS: Auto Tech's Inventory for sale | Daniel-Pittsboro NC | Technology | 0 | September 12th 06 03:10 PM |
AWA [OFFER] Volkswagen obsolete inventory for sale | [email protected] | General | 0 | April 19th 06 02:52 PM |
AWA [OFFER] Clutch Inventory (Kits) Only $7,000 for this $26,000 inventory | [email protected] | General | 0 | March 8th 06 02:52 AM |
AWA [OFFER] INVENTORY REDUCTION SALE!!! | [email protected] | General | 0 | January 4th 06 06:52 PM |