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post #1 of 19 (permalink) Old 05-12-2004, 09:30 PM Thread Starter
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Toyota profits

Toyota rules


Buying Chrysler truck division would be a drop in the bucket for them.
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post #2 of 19 (permalink) Old 05-13-2004, 11:19 AM
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Yes we know. You say that over and over and over. Forget it. A group of investors will take Chrysler back before that would ever happen. Oh and Dodge, Chrysler, and Jeep go along with it. There is not just "Chrysler Trucks".
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post #3 of 19 (permalink) Old 05-13-2004, 05:03 PM
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Re: Toyota profits

Quote:
Originally posted by adaptabl
Buying Chrysler truck division would be a drop in the bucket for them.
Moron



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post #4 of 19 (permalink) Old 05-13-2004, 10:26 PM
 
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why do you post shit that no one cares about? you dont even have a toyota...you drive a nissan, or are they going down the crapper and you dont want to post their numbers?
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post #5 of 19 (permalink) Old 05-13-2004, 10:46 PM Thread Starter
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Quote:
Originally posted by irishred
why do you post shit that no one cares about? you dont even have a toyota...you drive a nissan, or are they going down the crapper and you dont want to post their numbers?

Open minded people are interested in other auto companies. Thats why this section is called "Auto industry". I think it is interesting how well Toyota is doing. The cars are plain looking but very reliable. Nissan is doing well. Sales are up 30% this year. I do think they are going to have some interesting times in the next few years. Nissans market is more performance and sport minded. With the increasing gas prices we may soon see sales of high gas milage cars taking off again.

Nissan was going down the crapper a few years ago. Now they have no debt and a good cash reserve. Any company can be turned around with the right management,product and vision.
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post #6 of 19 (permalink) Old 05-13-2004, 10:52 PM
 
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kind of like chrysler is right now with the 300/Magnum combo? since many people seem to like them...and magazines heap all kinds of praise on them
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post #7 of 19 (permalink) Old 05-13-2004, 11:55 PM Thread Starter
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Quote:
Originally posted by irishred
kind of like chrysler is right now with the 300/Magnum combo? since many people seem to like them...and magazines heap all kinds of praise on them
We will see in a few months if the puplic likes them and buys them in any volume.
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post #8 of 19 (permalink) Old 05-14-2004, 12:17 AM
 
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Quote:
Originally posted by frost5466
Yes we know. You say that over and over and over. Forget it. A group of investors will take Chrysler back before that would ever happen. Oh and Dodge, Chrysler, and Jeep go along with it. There is not just "Chrysler Trucks".
i hate to say it, but if toyota wanted the truck division, and DC wanted to sell it, toyota would get it. they could offer a lot more than a bunch of investors could come up with.

DC is a german company, and really doesn't care about the chrysler american heritage. money talks.
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post #9 of 19 (permalink) Old 05-14-2004, 12:18 AM
 
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Quote:
Originally posted by Intrepid99

DC is a german company, and really doesn't care about the chrysler american heritage. money talks.
good point...but it still would suck...then i'd have to be driving a toyota branded vehicle...at least currently they have that mercedes part in the name...toyota would just suck :(
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post #10 of 19 (permalink) Old 05-14-2004, 12:57 AM
 
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And yes, being that this is the Auto Industry thread, I can't see anything more appropriate to post than this article. And to be honest, I'd rather have a Toyota Truck than a Mercedes Truck anyday (providing that I will pay for it out of my own pocket).
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post #11 of 19 (permalink) Old 05-14-2004, 07:15 AM
 
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Totyota sure isn't making their proftis from the Camry (from automotive news..., hence the copy paste)

quote:
--------------------------------------------------------------------------------
The Camry catch: Big sales, wee profits

By Mark Rechtin
Automotive News / April 26, 2004



LOS ANGELES -- The Toyota Camry may be the best-selling car in America, but it is delivering only a tiny profit margin for U.S. dealers - and in some cases no profit at all.

That's a dramatic turnabout from the days when the mid-sized sedan helped to enrich Toyota dealers as it surged to the top of the new-car sales charts.

"It's a great value car, but it should be making more money," says Tom Rudnai, general manager of Longo Toyota in El Monte, Calif. "Some units we make money on, some we don't."

Another Southern California dealer was more blunt:

"Camry profits at my store are probably zero or less," says the dealer, who declined to be named. "It's terrible. But we just keep selling more. If you want to be a player and you want a better allocation from Toyota, you sell Camrys."

He says the typical dealer gross profit on a Camry sold in Southern California is $250 to $300.

Dave Conant, who operates three Honda dealerships in Southern California and a Toyota store in San Diego, says Camry profit margins are typically lower than margins for the Accord, Honda's perennial runner-up in the sales race.

"Aftermarket accessories, F&I, and service business all benefit the dealer, but Camry is not a front-end profit winner," Conant says.

Tough segment

What's the problem? Prices are falling in the mid-sized segment because of several new entries. And many customers are abandoning the once-dominant category for SUVs and sport wagons. As a result, incentives are being increased.

The average incentive on mid-sized cars has grown from $1,497 per unit in March 2002 to $2,428 last month, according to data from automotive Web site Edmunds.com.

Toyota is offering 0 percent to 1.9 percent financing on Camry. Dealers are receiving $600 cash incen.......
--------------------------------------------------------------------------------

Rebates, little to no profits? Sound like the Ford Taurus sales drive to be the number 1 selling car. Well, we know what the Taurus is now after that fiasco.
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post #12 of 19 (permalink) Old 05-14-2004, 08:24 AM
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Quote:
Originally posted by irishred
good point...but it still would suck...then i'd have to be driving a toyota branded vehicle...at least currently they have that mercedes part in the name...toyota would just suck :(
Why would it suck?
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post #13 of 19 (permalink) Old 05-14-2004, 08:27 AM
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Quote:
Originally posted by DMAG
Totyota sure isn't making their proftis from the Camry (from automotive news..., hence the copy paste)

quote:
--------------------------------------------------------------------------------
The Camry catch: Big sales, wee profits

By Mark Rechtin
Automotive News / April 26, 2004



LOS ANGELES -- The Toyota Camry may be the best-selling car in America, but it is delivering only a tiny profit margin for U.S. dealers - and in some cases no profit at all.

That's a dramatic turnabout from the days when the mid-sized sedan helped to enrich Toyota dealers as it surged to the top of the new-car sales charts.

"It's a great value car, but it should be making more money," says Tom Rudnai, general manager of Longo Toyota in El Monte, Calif. "Some units we make money on, some we don't."

Another Southern California dealer was more blunt:

"Camry profits at my store are probably zero or less," says the dealer, who declined to be named. "It's terrible. But we just keep selling more. If you want to be a player and you want a better allocation from Toyota, you sell Camrys."

He says the typical dealer gross profit on a Camry sold in Southern California is $250 to $300.

Dave Conant, who operates three Honda dealerships in Southern California and a Toyota store in San Diego, says Camry profit margins are typically lower than margins for the Accord, Honda's perennial runner-up in the sales race.

"Aftermarket accessories, F&I, and service business all benefit the dealer, but Camry is not a front-end profit winner," Conant says.

Tough segment

What's the problem? Prices are falling in the mid-sized segment because of several new entries. And many customers are abandoning the once-dominant category for SUVs and sport wagons. As a result, incentives are being increased.

The average incentive on mid-sized cars has grown from $1,497 per unit in March 2002 to $2,428 last month, according to data from automotive Web site Edmunds.com.

Toyota is offering 0 percent to 1.9 percent financing on Camry. Dealers are receiving $600 cash incen.......
--------------------------------------------------------------------------------

Rebates, little to no profits? Sound like the Ford Taurus sales drive to be the number 1 selling car. Well, we know what the Taurus is now after that fiasco.
I test drove a Maxima and I have driven quite a few (unfortunately) Toyota Camry rentals. Even drove one with the wheel on the other side in Australia... anyway I know the Maxima cost a bit more but it would be the best money you ever spent because the Camry drives like shit. It also looks like shit.

But that article your quoting DMAG says US dealers aren't making profit it doesn't mean Toyota isn't making profit.
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post #14 of 19 (permalink) Old 05-14-2004, 09:58 AM
 
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Quote:
Originally posted by alderran
But that article your quoting DMAG says US dealers aren't making profit it doesn't mean Toyota isn't making profit.
Oh, I absolutely agree they are making a profit. But they should be making it on their bread and butter and not just their premium brands (Lexus).
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post #15 of 19 (permalink) Old 05-14-2004, 10:14 AM Thread Starter
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Quote:
Originally posted by DMAG
Oh, I absolutely agree they are making a profit. But they should be making it on their bread and butter and not just their premium brands (Lexus).

What he is saying is that the dealer may not be making a profit, but Toyota is still making a good profit on each sale.
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