With all the adverse publicity surrounding the Toyota Motor Corp. safety recalls, there is probably never a better time to buy a Toyota car. Indeed, the company is currently offering one of its biggest sales promotions ever: interest-freeloans for up to 60 months and two years of free, after-sales maintenance and inspection services for new customers.
An ABC News articlesaid Toyota’s incentives hit $2,256 (U.S.) per vehicle in March, their highest level ever. Before the crisis began last fall, Toyotas incentives averaged $1,700 (U.S.).
As for concerns over vehicle quality, an article by Canadian BusinessjournalistsLaura Cameron and Thomas Watson puts forward a strong case that they are unfounded. The furor mostly reflects fevered overreactions going by the views of auto industry experts Jeremy Anwyl of Edmunds Inc. and Dennis DesRosiers of DesRosier Automotive consultants Inc. And in spite of all the negative publicity, Toyota received more segment awards than any other nameplate in the 2010 JD Power Reliability Study.
Toyotas sales promotion is starting to have an impact: vehicle sales in the U.S rose 40% in March over the same month last year. A few more months of increases like this and its special sales incentives could be history.
As Toyota puts this crisis behind it,the company’s languishing stockshould produce some nice gains over the next year or two. If you pick up some at current prices, you could haveseveral more thousand dollars ingains to add to the discount for buying a Toyota vehicle.
Blogs & Comment
Time to buy a Toyota?
By Larry MacDonald
With all the adverse publicity surrounding the Toyota Motor Corp. safety recalls, there is probably never a better time to buy a Toyota car. Indeed, the company is currently offering one of its biggest sales promotions ever: interest-freeloans for up to 60 months and two years of free, after-sales maintenance and inspection services for new customers.
An ABC News articlesaid Toyota’s incentives hit $2,256 (U.S.) per vehicle in March, their highest level ever. Before the crisis began last fall, Toyotas incentives averaged $1,700 (U.S.).
As for concerns over vehicle quality, an article by Canadian BusinessjournalistsLaura Cameron and Thomas Watson puts forward a strong case that they are unfounded. The furor mostly reflects fevered overreactions going by the views of auto industry experts Jeremy Anwyl of Edmunds Inc. and Dennis DesRosiers of DesRosier Automotive consultants Inc. And in spite of all the negative publicity, Toyota received more segment awards than any other nameplate in the 2010 JD Power Reliability Study.
Toyotas sales promotion is starting to have an impact: vehicle sales in the U.S rose 40% in March over the same month last year. A few more months of increases like this and its special sales incentives could be history.
As Toyota puts this crisis behind it,the company’s languishing stockshould produce some nice gains over the next year or two. If you pick up some at current prices, you could haveseveral more thousand dollars ingains to add to the discount for buying a Toyota vehicle.