Trouble at the top? Toyota vehicles sitting longer on dealer lots

Discussion in 'Industry News' started by NewsBot, Apr 28, 2008.

  1. NewsBot

    NewsBot Grand Toyotaholic

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    Filed under: Car Buying, SUVs, Trucks/Pickups, Plants/Manufacturing, Scion, Toyota
    [​IMG]Although Toyota has recently claimed the title of the World's Largest Automaker in terms of global sales, the Japanese-giant is finding out that life at the top isn't all it's cracked-up to be. While the Camry, Corolla, Yaris and Prius sedans are reportedly brisk movers, the same thing cannot be said about Toyota's line of trucks and sport utility vehicles. Toyota has cut Tundra and Sequoia production already, but dealers are still declining to purchase them, pushing the number of unclaimed units to an all-time high. Automotive News quotes an unnamed Toyota dealer as saying, "Last month, Southeast Toyota had 9,700 vehicles that had been turned down twice by dealers and are either sitting at the port or at sea. That's a significant number." Right now, Toyota/Scion has a high 58-day supply of available inventory on hand.

    Some dealers, though, see the high number of available units as a blessing-in-disguise. "We've been asking for more inventory for two years and now we finally got it. This is a great opportunity. You have to take it when you can get it," says Steve Cain, general manager of Lewis Toyota-Scion in Topeka, Kansas. Regardless of your viewpoint, we expect that Toyota will align itself with market realities in order to bring production in line with actual sales sooner rather than later. In other words, if you've been in the market for a Toyota truck, chances are good you'll get a decent deal.

    [Source: Automotive News - sub. req'd]
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  2. cEElint

    cEElint Enthusiast

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    i can see why they arent selling .. trucks shouldnt be that damn expensive..
     
  3. lownloud

    lownloud Toyotaholic

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    Couldn't agree more . . . Awesome trucks, awesome company, but, the price, holy crap. The main reason earlier Toyota models had some of the market by the balls is that prices were affordable and easily comparable in quality to other automakers.
     

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