Toyota sees rebound in US automarket this year -- does anybody really believe this? I DON'T!
Nice way to prop up a stock, but I don't know anybody that's actually contemplating buying a car right now given the state of the economy and the price of oil...but who knows, maybe I'm wrong.
What do YOU think?
Answers
249 points
BoxCar answered 3 months ago …
Last time we saw fuel double in price ~1980~ you could drive into work and see the
parking lot full of brand new 4 cylinder Jap cars. I suspect Toyota is thinking a repeat.
I'm waiting for a Diesel Hybrid. Hey, that's what locomotives switched to in 1940 and
the rails can move more freight cheaper than trucks can.
677 points
Dragonsbane answered 3 months ago …
I don't live in the US, I live in Canada. But I'm considering buying a car for what it's worth. I also know someone who's considering trading his car in for a Prius to save $200 a month on gas. An increase in sales at Toyota could just be people switching to smaller, more fuel efficient cars as opposed to an outright purchase of an additional car.
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3127 points
EthanR answered 3 months ago …
Consider this: If Toyota announces that they exect to see an increase in US sales this year, and then it doesn't happen, that will hurt the stock more in the long run than it will help them in the short run. Wall Street does not trust companies that lie or exaggerate, and would punish the stock severely. So I am inclined to believe that they are sincere for that reason, although like yourself I am a bit skeptical of the consumer's ability to buy large ticket items this year.
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152 points
Prudent answered 3 months ago …
Small cars , electric cars have much higher growth potential than hybrids.
The fuel savings will take about 10 years to recover the extra cost of Prius . Unless the cost can be reduced further , sales growth will be limited.
583 points
jillybeansisme answered 3 months ago …
Toyota also has its parts in the SCION and the Pontiac VIBE, and because people seem to be switching to more fuel efficient vehicles since they can't afford their gas hogs (unfortunately, not necessarily because it's the green thing to do) and are concerned that gas really will follow the European trend of $8/gallon, they're trying to beat the wolf down before he reaches their door and get more efficient vehicles. Also, there are many incentives being offered now, including by Toyota, for people to spend their money on a different vehicle rather than save the money. I would think Toyota probably forcasted this because its dealerships are ordering according to sales expectations.
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BAD answered 2 months ago …
Don't believe an uptick will occur till March 2009. Consumers are actually taking older (more than 4 years) and fixing them. Job losses are going up in some industries, but down in the service type industries. Are consumers going put their cash down on new cars??? Not as many as we would like to think will.
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