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Toyota Drops 9.4% In August - Lexus Year End Clearance Event Curbs Losses To 9.1%
Toyota Motor Sales USA Inc today reported August sales of 211,533 vehicles,  a decrease of 9.4 percent from last August, on a daily selling rate basis.

The Toyota Division posted August sales of 182,252 units, a decrease of 9.4 percent from last August. The Lexus Division reported August sales of 29,281 units, a decrease of 9.1 percent from the year-ago month.

    Toyota Division

    Toyota Division passenger cars recorded August sales of 111,778 units, down 3.4 percent from the same period last year. Passenger car sales were led by Camry and Camry Hybrid, which posted combined sales of 44,064 units, up 3.3 percent over August 2007. Camry Hybrid reported August sales of 3,456 units. Corolla recorded sales of 29,443 units for the month. With
limited availability, the Prius mid-size gas-electric hybrid posted August sales of 13,463 units. Yaris reported sales of 9,474 units for the month, up 20.5 percent over the year-ago month.

    Toyota Division light trucks posted August sales of 70,474 units, down 17.6 percent from August 2007. Light truck sales were led by the Tundra full-size pickup with August sales of 17,401 units. The Tacoma mid-size pickup reported sales of 12,407 units for the month. Highlander and Highlander Hybrid posted combined sales of 8,070 units in August. The
Highlander Hybrid gas-electric mid-size SUV reported August sales of 1,277 units, up 225 percent over last August. Sequoia posted sales of 3,195 units for the month, up 86.1 percent over the same period last year.

    Scion posted August sales of 11,867 units. The xB urban utility vehicle led the way with August sales 4,626 units. The tC sports coupe posted August sales of 4,484 units. The xD reported best-ever August sales of 2,757 units for the month, up 3.5 percent over the same period last year.

    Lexus Division

    Lexus passenger cars reported August sales of 17,844 units, a decrease of 9.8 percent from August 2007. Passenger-car sales were led by the ES entry luxury sedan with August sales of 7,881 units. The IS entry luxury sport sedan reported best-ever combined sales of 6,318 units, up 17.4  percent over last August. The LS flagship luxury sedan reported combined sales of 1,772 units. The GS luxury sport sedan reported combined August sales of 1,686 units.

    Lexus Division light trucks recorded August sales of 11,437 units, down 7.8 percent from the year-ago month. Lexus sales were led by the RX luxury utility vehicle, which posted combined August sales of 8,969 units. The RX 400h hybrid luxury utility vehicle reported August sales of 1,277 units, up nine percent over August 2007. The LX 570 reported sales of 748 units, an
increase of 238.5 percent over the same period last year.

    TMS Hybrids

    TMS calendar-year-to-date hybrid sales totaled 185,051 units. TMS posted August sales of 19,529 hybrid vehicles. Toyota Division recorded sales of 18,146 hybrids for the month. Lexus Division reported August sales of 1,383 hybrids.

    There were 27 selling days this month and last August.
Toyota Drops 9.4% In August - Lexus Year End Clearance Event Curbs Losses To 9.1%



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david999david999 - 9/3/2008 1:49:38 PM
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"Lexus Year End Clearance Event Curbs Losses To 9.1%"
The other car manufacturers don't have sales events this time of year?


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Agent009Agent009 - 9/3/2008 2:08:22 PMView My AgentSpace
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This last month indicates the first time Lexus started discounting across the board to move the metal so to speak. Prior to this is was cut rate financing and lease deals primarily.


M35MTM35MT - 9/3/2008 3:09:17 PMView My AgentSpace
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The lease deals on the IS offered thru labor day were amazing, no wonder a record month for that model was the result - especially given the state of the industry.


M35MTM35MT - 9/3/2008 3:11:31 PMView My AgentSpace
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david999 - if there's anything wrong with his headline it's that he said "curbs LOSSES", when in fact it's not a LOSS, it is a comparison to sales in the previous year.

A LOSS indicates negative earnings, or no profit.


WorldofLuxuryWorldofLuxury - 9/3/2008 9:51:54 PM
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david999,

It's the year-end for the '08 models.
lol...that used to confuse me too.

GM calls it employee discounts.
I call it negotiating ;)


Agent63Agent63 - 9/4/2008 12:32:41 AMView My AgentSpace
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Michael,

This is why you're a troll on this website. To say all people BUY out a Lexus is simply a moronic thing to say. People lease for a reason, to write the car off for tax purposes, something you would never understand. Only people in business would know what I'm talking about.

But you're right, maybe people do buy out Lexus cars because their cheaper.

Taylor, just shut up. You're annoying.


Maverick2020Maverick2020 - 9/3/2008 3:13:08 PM
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MichaelTaylor,

You saying anything about Lexus--positive or negative--is an insult to Lexus.

I'm surprised that Toyota hasn't slapped you with a cease and desist order for all your inane comments.

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GTR35GTR35 - 9/3/2008 3:49:03 PMView My AgentSpace
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MT, Tayoda probably already hired you, hence their sale results.


Agent63Agent63 - 9/4/2008 12:33:44 AMView My AgentSpace
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Even Toyota and Lexus wouldn't hire you. You're a Troll Mike. Look at yourself in the mirror for a change.


david999david999 - 9/3/2008 3:37:42 PM
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I agree M35MT.

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WhattheWhatthe - 9/3/2008 4:37:33 PM
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The Lexus line up just seems old now. Everybody out there seems to have a better line up (looks wise).
Maybe "badge engineering" doesn't work so well in the long run.

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SixxFiveSixxFive - 9/3/2008 5:36:07 PM
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MichaelTaylor: your first post on this particular topic, stating that Lexus is such a quality item, it never has to go back to the dealer for service, illustrates your ignorance. The LS requires maintenance checks every 5,000 miles. BTW, Lexus will not be hiring you: no company wants an ignorant jerk claiming to be a know it all while bashing all other products lunatic working for them.

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huu76huu76 - 9/3/2008 6:34:25 PM
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009-iron,
Prove it.

BMWs been offering 0.9% financing and 1.9% leasing for atleast half a year and they still can't lease cars fast enough. Then again, low financing etc is normal for BMW now. Not sure how they're going to ever charge financing again now that everyones used to next to nothing rates.

I see Lexus and its higher financing has recaptured the sales title for this month, gap should widen when BMW tries to raise rates.

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enthusiastx11enthusiastx11 - 9/4/2008 12:00:21 AM
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how many bmw vehicles have you leased lately huu?

i've leased two. and i have 4 friends who have leased in the past 3 months as well. i don't know where you're getting these crazy deals.


huu76huu76 - 9/3/2008 7:42:27 PM
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I hadn't noticed, Prius sales dropped because they ran out of them.
http://money.cnn.com/2008/09/03/news/companies/autosales/index.htm?postversion=2008090318

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huu76huu76 - 9/4/2008 1:02:12 AM
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Yeah, like you've never seen the links I post. Here they are again.

0.9% financing or $409/month lease with auto and premium package.
http://www.bmwusa.com/
1% financing in Canada or what amounts to a 10% rebate.
http://www.bmw.ca/content/springsale/springSale_fs.asp?lang=en

BMW needs you to find more friends or you'd better start leasing some more before BMW goes bankrupt.

reply to this comment
enthusiastx11enthusiastx11 - 9/4/2008 1:38:23 PM
-1 BoostDrop the Boost Up the Boost
these advertised deals are a joke.

try going to a dealer and finding that car. see, if you actually were in the market for a car you'd go to the dealer and you'd find this out.

and i'm not really concerned about bmw going bankrupt. the firm made $6 billion in profit in 2007 (on a fraction of the volume toyota puts out). sure, those numbers will be down to around $4 billion for 2008. but that's down A LOT less than other makers.

again, you really have no grasp of reality.


huu76huu76 - 9/5/2008 12:32:49 AM
+1 BoostDrop the Boost Up the Boost
BMw doesn't make any 328i with auto and premium package? Over half their cars come with autos, but I can agree a little, the premium package might be out of a BMW customers price range.

Wow, 6 billion eh? I wonder if the Quandts know that because apparently they only made 4.8 in 2007.
http://www.wheels.ca/article/197982
4.5 if you take into account the 300 million they had to write off because the backloaded their leases. I wonder how much they plan on making this year since they're practically giving you 0% financing and are still backloading their leases?

In your fantasy world, 6 downt o 4 billion is a 33% drop. Toyota's is expeced to go from 15 back down to 12 billion, which is 20%. Difference is Toyota isn't desparate, BMW is.

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