Announcement

Collapse
No announcement yet.

OT - Toyota's Once-Golden Resale Value Gets Dented

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • OT - Toyota's Once-Golden Resale Value Gets Dented

    FYI...

    Your opinion?

    TMT

    Toyota's Once-Golden Resale Value Gets Dented

    Posts Published: February 8, 2010, 9:54 AM


    CHICAGO, IL - The quality control issues at Toyota are doing damage to the resale market for the once highly praised cars, thanks to recalls and a bungled response to safety questions.

    For years, Toyotas have been praised both for high quality and maintaining their worth.

    These days, some dealers are refusing to accept Toyotas for trade, while others are paying considerably less than they did just two weeks ago.

    Kelley Blue Book has dropped the value of recalled Toyotas by as much 3 percent. The auto research Web site Edmunds.com estimates resale or trade-in values could fall up to 10 percent in the short term.

    Toyota has recalled millions of cars due to gas pedal issues, and now is dealing with reports of brake problems on its prized Prius hybrid. The company is expected to announce that fix this week.

  • #2
    sux to be the guy that bought Toyota stock last week.

    Comment


    • #3
      Feet of clay. (Google it - Wikipedia only references it in passing.)
      Weston Bye - Author, The Mechatronist column, Digital Machinist magazine
      ~Practitioner of the Electromechanical Arts~

      Comment


      • #4
        Originally posted by Too_Many_Tools
        These days, some dealers are refusing to accept Toyotas for trade, while others are paying considerably less than they did just two weeks ago.
        Oh, Bovine fecal matter! It's a simple problem with a simple fix and the fix is free.

        Must suck to be a journalist. Every day you have to come up with some new, hard-hitting piece of brilliant insight and then sensationalize the hell out of it so it "gets attention".

        What ever happened with that swine flu thing that was supposed to kill hundreds of thousands?

        Steve.

        Comment


        • #5
          Originally posted by SteveF

          Must suck to be a journalist. Every day you have to come up with some new, hard-hitting piece of brilliant insight and then sensationalize the hell out of it so it "gets attention".

          What ever happened with that swine flu thing that was supposed to kill hundreds of thousands?

          Steve.
          Most of the bottles of swine flue antidote finished up on the floors of cars where they then rolled under the brake pedal.

          .
          .

          Sir John , Earl of Bligeport & Sudspumpwater. MBE [ Motor Bike Engineer ] Nottingham England.



          Comment


          • #6
            5 years ago: "Industry leaders say there is no stopping Toyota in the marketplace"

            TODAY: "Police on scene said there was no stopping the Toyota as it slammed into the marketplace"
            This product has been determined by the state of California to cause permanent irreversible death. This statement may or may not be recognized as valid by all states.
            Heirs of an old war/that's what we've become Inheriting troubles I'm mentally numb
            Plastic Operators Dot Com

            Comment


            • #7
              Grab a used Toyota quick, while they are at the bottom of the market. It will take as long to go back up as it did to go down.

              Remember that big rush on face masks for protection against swine flu (that didn't actually work).

              Phil

              Comment


              • #8
                Most dealers I have known would accept your grandmother as a trade-in if the price is right. So refusal, I don't think so.

                Have you ever come across a dealer than didn't use every available excuse in order to reduce the apparent value of your trade-in.

                When the dust settles the safest cars on the road are going to be the "fixed" Toyotas.

                Phil

                Originally posted by Too_Many_Tools

                These days, some dealers are refusing to accept Toyotas for trade, while others are paying considerably less than they did just two weeks ago.

                Kelley Blue Book has dropped the value of recalled Toyotas by as much 3 percent. The auto research Web site Edmunds.com estimates resale or trade-in values could fall up to 10 percent in the short term.

                Toyota has recalled millions of cars due to gas pedal issues, and now is dealing with reports of brake problems on its prized Prius hybrid. The company is expected to announce that fix this week.

                Comment


                • #9
                  Obvious over-reaction... stock market-style idiocy.

                  Originally posted by philbur
                  When the dust settles the safest cars on the road are going to be the "fixed" Toyotas.
                  probably not, actually.

                  But they will, IF Toyota ever admits to and fixes the REAL problems, pretty proof against those particular problems.

                  What OTHER problems lurk in Toyota-land is, as yet, unknown.
                  1601

                  Keep eye on ball.
                  Hashim Khan

                  Comment


                  • #10
                    Just plain stupidity. The chance of encountering a runaway problem in a Toyota is one in 50,000. The chance in a Ford is one in 65,000. Not much difference and both are extremely small. One must question why Ford isn't receiving similar negative publicity. The editors of the news sources decide what to publish/broadcast. In fact the anecdotal reports of runaways from Ford customers are much more believable than from Toyota customers.
                    Free software for calculating bolt circles and similar: Click Here

                    Comment


                    • #11
                      >The editors of the news sources decide what to publish/broadcast.

                      Which is how Toyota got that "quality" mind set in people in the first place. They all build great cars and they all build crap and they all make mistakes. In a summary, get over it. Until God produces the vehicles, there's going to be issues. Toyota is great about sweeping things under the rug while the domestics get the evil eye because people still remember the crap they built in the 70s. Now it's The Big T's turn, it'll be somebody else after a while.
                      Chris
                      Merkel, Tx
                      http://raceabilene.com/kelly/hotrod

                      Comment


                      • #12
                        The Toyota is still a good car even with the problems. If they want to keep selling cars they will have to fix any problems. After all I have seen and read about the throttle fix I don't believe it's fixed and a complete pedal assembly will be the final fix and they may be just buying time to do just that.

                        Aside from all that, if you like Toyota's and want one buy while the price is down, your still getting a quality long life car.
                        It's only ink and paper

                        Comment


                        • #13
                          This too shall pass. Toyota is a very well run company and will rebound as soon as the new head of Government Motors gets back to his agenda.

                          Comment


                          • #14
                            EVERY manufacturer has their problems.
                            What we're seeing here is mostly media sensationalism.

                            Comment


                            • #15
                              Toyota resale value is down and at trade-in time car dealers will beat that horse for all it's worth.

                              Toyota products will be blacklisted from the top spots at Edmunds, Consumer Reports, etc, for quite a while (those guys don't want to look any more foolish than they already do)

                              The premium price new Toyota's commanded in the past is gone. (Poor dealers)

                              If it turns out true that Corporate Toyota has been involved in a cover-up re the accelerator problem, it's going to get worse before it gets better.

                              Worst for Toyota, is their most loyal following, the media, has finally falling out-of-love with them.


                              Gary
                              Gary


                              Appearance is Everything...

                              Comment

                              Working...
                              X