13 Votes

Boost it!

Toyota forced to reduce sales forecast

rybo submitted on 7/16/2008 Official Bell & Ross Timestamp: 11:57:10 AM

16 user comments | Category: Misc News | Source: | SOURCE: www.motorauthority.com

No carmaker has been immune from the poor state of the global economy and rising fuel prices, with even industry juggernaut Toyota expected to lower its global sales target in the wake of a U.

S. slump.

According to latest reports Toyota plans to reduce its global sales forecast to 9.5 million vehicles, down from 9.85 million vehicles predicted at the start of the year.

The downward revision was mainly due to a slump in sales of SUV and pickup trucks in the U.S. caused by rising fuel prices and greater environmental awareness from consumers.

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User Comments

mghazi56

I thought those Yaris' were selling like hotcakes! Just saw on yesterday, but it was an RS version of the Yaris... the guy floored it like it was a V12 or something, I couldn't stop laughing!

— mghazi56 (View Profile)

Posted on 7/16/2008 12:32:05 PM | reply to this comment | Votes: 4   

Lemonade

does a car need to be a V12 in order for it to be floored? And, YES all the company's fuel efficient cars are selling like hotcakes.. especially the Prius. The article was referring to the company's gas guzzler models like the Tundra, Sequoia as well as it's lexus counterpart.

— Lemonade (View Profile)

Posted on 7/16/2008 1:25:37 PM | | Votes: 2   

Bored

@ Homer,

Decades of poor quality from GM is why the Matrix outsells the Vibe. I'm thinking of getting a Matrix later this year (rather have a Jetta TDI, but that's another story). I want to consider a Vibe, but I just know I would get one that wasn't put together well and would start rattling months, if not years, before a comparable Matrix.

— Bored (View Profile)

Posted on 7/16/2008 6:04:20 PM | | Votes: -2   

MercedesBenz00Z

Exactly. The American cars don't last.

And that's why they are "American". pffft

— MercedesBenz00Z (View Profile)

Posted on 7/16/2008 10:50:40 PM | | Votes: -1   

Whelan

I drive a Matrix now, granted its an 05 XR AWD and averages 28mpg. But it is the most fuel efficient AWD car that is not a hybrid available today. Great car and Homer is right. The identical cousin the Vibe which shares engines, interiors, underbodies with the Matrix is cheaper but still gets outsold by the Matrix. In Canada though, the Vibe outsells the Matrix.

— Whelan (View Profile)

Posted on 7/16/2008 2:58:02 PM | reply to this comment | Votes: 2   

neutral

Thank you damikco, can't stress that point enough.

I cannot stand to see people mindlessly buying Camry's and Accords (both very good cars) when they could get Malibu's and Fusions (also very good cars).

If you are going to buy a mindless people-mover like the Accord, you should def. buy American, especially now that Detroit has been putting out well-built, nice sedans.

If you want a specialty car (sports/luxury), its a different story, you should buy what gets you fired up!! (for me itd be Saturn Sky redline or Corvette, can't spend the extra cash for German!)

— neutral (View Profile)

Posted on 7/17/2008 1:36:46 PM | reply to this comment | Votes: 3   

toolatetorace

I saw at a local toyota dealer had tundras lining up the front row , not too surprising . a few days later, all gone . Drove to back of lot . Found them a many many more . It looked like a drop lot for toyota . Looks like toytie keeps pushing them out the back door witout looking to see if there are buyers on the other end like Ford and GM is doing

— toolatetorace (View Profile)

Posted on 7/16/2008 10:09:57 PM | reply to this comment | Votes: 1   

huu76

Toyota was forced? I guess everyone else voluntarily cut sales. Poor old Toyota was dragged down kicking and screaming.

Difference is Toyota doesn't live and die by one or two models like most American and German companies.
Trucks don't sell, crank out more compacts and hybrids.
Hybrids didn't sell, crank out more family sedans and SUVs.
The only thing Toyota doesn't crank out are low financing rates and incentives like the Americans and Germans.

— huu76 (View Profile)

Posted on 7/17/2008 6:22:49 PM | reply to this comment | Votes: 0   

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