Toyota Sales Down 25%

[Lbear]

Just announced, Toyota sales are down 25% since last October 2007. Honda sales are down 30%+. Strangely enough, GM is #1 in sales.

I believe the economy is draining on all the car manufacturers. If you have the $$ and are in the market for a new car, Toyota or otherwise. NOW is the time to buy. You can get some awesome deals. But BEWARE, getting financing will be VERY difficult, even with good credit.

Trust me, Toyota might be pushing 0% APR but few be there that find it. Most likely they will try and bump you to a 3.9%.

Get a list of the top 3 cars you want. Let's say it's Toyota, Mazda & Mitsubishi. Test drive them all. List the pros and cons of all. Get the bottom line pricing of all. Then go back and make the offer. Trust me on this also, dealers will bend over backwards to make a sale today. They are hurting.

[O.O]

Have you tried buying a car recently? I have and they are more aggressive than usual in their pricing. Since they make less in sales they try to make it up from not reducing the price as much.

[cabur]

Not sure where you get your info.
In BBC world news, GM sales fell 50% in October and Toyota may be number auto maker.
Good time to buy a car? Yes. But why buy now when job is not so secure. Why not wait till they beg to sell.

[Lbear]

Originally Posted by cabur

Not sure where you get your info.
In BBC world news, GM sales fell 50% in October and Toyota may be number auto maker.
Good time to buy a car? Yes. But why buy now when job is not so secure. Why not wait till they beg to sell.

"Despite the drop, GM's total still beat Toyota Motor Corp.'s sales."

"But despite the steep drop, GM's total was enough to keep it ahead of Toyota for the No. 1 U.S. sales spot. GM sold 168,719 vehicles to Toyota's 152,101."

Here's the source-

http://www.latimes.com/business/inve...,1863104.story


You need to check your sources...

[Lbear]

Originally Posted by O.O

Have you tried buying a car recently? I have and they are more aggressive than usual in their pricing. Since they make less in sales they try to make it up from not reducing the price as much.

I experienced the opposite... Try another dealer.

[O.O]

Originally Posted by Lbear

I experienced the opposite... Try another dealer.

Tried 4 Honda dealerships, for an 09 EX-L they went down no more than 1300. 1800 for an 08. Either those sales people knows that I also drive a Toyota and hate me for that or my face is that ugly

[buddy97]

Originally Posted by Lbear

You need to check your sources...

his info was about right. gm sales did fall nearly 50% and toyota is still the #1 automaker in the world by an even bigger margin.

One Scary October

Posted by: David Welch on November 03
October was an ugly month, a very ugly month. Car sales dropped 32% as consumer confidence hit an all-time low (at least, for as long as someone has kept track) and banks were tighter than two coats of paint with lending. General Motors had it the worst with sales falling 45%. Even Toyota and Honda sales fell at least 23%.

remember its a global market. gm has managed to fall even farther behind toyota.

GM falls further behind Toyota. Who cares?

Posted by: David Welch on October 29
Here’s an irrelevant bit of news. Global sales at General Motors fell 11% in the third quarter to 2.1 million vehicles, knocking it further behind Toyota. The Japanese juggernaut beat GM by more than 100,000 sales. I’m sure the harried executives in GM’s C-suite are fretting over that one.
The company is delaying new-car programs to save money and weather the recession while cajoling Washington for cash or loans to make it through next year. The sales race against Toyota? Who cares. It’s a race GM can no longer even afford to think about, not when government intervention might be needed to stave off bankruptcy.

[pwain]

I think what some of us are forgetting, its a Corolla.

While overall volume is down, the Camry and Corolla are likely the least hurt by the downturn. On a $15k-$20k car, you're not going to see deep discounts.



Although Im sure they might make a deal on an FJ though.

[Jim Bob Jones]

OK. Let's not create an atmosphere of vehicle jingoism here. For me the sad thing is this: when Toyota sales take a big hit, it is a strong indicator that the economy is really in bad shape. This is not a situation that any of us should find delightful, whether you own a Toyota or one of those inferior GM products (oops, sorry).

[AOV]

Originally Posted by O.O

Have you tried buying a car recently? I have and they are more aggressive than usual in their pricing. Since they make less in sales they try to make it up from not reducing the price as much.

I decided to buy a 2009 Corolla when I heard the dealer was doing the 0% financing (36mos.) or 1.9% 48 months, and 2.9% 60 months.
I went for the 60 months, less to pay a month. They were running this promo the whole month of October.
Did not think I would be approved, since it has been mentioned before that my income/debt ratio is not ideal. Yet, I was approved.
Also, the dealer discounted about $1200. off the sticker price. I think I did well.