February 2008 Sales: Toyota (down 3%)

[igor]

http://pressroom.toyota.com/Releases...T2008030386090

Igor

[jkennedy293]

"Spurred in part by rising fuel prices, Toyota’s fuel-efficient models and hybrids, the mainstay of our lineup, continue to show strength," said TMS President Jim Lentz.

The Prius hybrid gas-electric mid-size sedan posted February sales of 10,895, a decrease of 14.5 percent from last February.

Camry and Yaris sales were up. I guess they forgot to heavily rebate the Prius.

[igor]

Last year was the year many daily rental companies, car share companies and many others added Prius to their fleets - I would not be surprised to find out the Prius had 30-40% fleet sales in 2007

Igor

[BrickTamland]

2008 is going to be a declining year for most automakers, including Toyota, which had big time sales in 2007, which obviously can not be replicated with a consumers' spending habits finally catching up to their incomes.

[mtndrew1]

Why is GMI reporting Toyota's sales-days-adjusted numbers (6.6%) and GM's volume numbers?

Adjusted for sales days, Toyota is down 6.6% and GM is down 16.7%

Based strictly on volume, Toyota is down 3% and GM is down 13.3%

-Drew

[igor]

Originally Posted by mtndrew1

Why is GMI reporting Toyota's sales-days-adjusted numbers (6.6%) and GM's volume numbers?

Adjusted for sales days, Toyota is down 6.6% and GM is down 16.7%

Based strictly on volume, Toyota is down 3% and GM is down 13.3%

-Drew

that is my bad - I used the numbers posted most prominently - I will change the title - as the Ford number are also based on overall volume

Igor

[Geotpf]

The selling day crap is so confusing. I wish they would just stop reporting that and go to straight month-to-month sales.

[atomicshark]

Proof of a recession?

[HoosierRon]

Camry sales up 4.3% (2.5% for the year).
Malibu sales up 6.5% (retail up 62%) (29.1% for the year).

[Ultimate1]

Originally Posted by atomicshark

Proof of a recession?

We are not in a recession, didn't you hear bush is coming out plans to keep the country from going into a recession. So we must not be in recession yet, despite foreclosure problem, slowing economy, and weak dollar. For a non recession, a lot of people I know are feeling it.

[ponchoman49]

It blows my mind how the Camry and Prius are up in sales, especially with the Camry on the not recommended list of CR. My two local Toyota dealers still have rows of brand new leftover 2007 Camrys with 2009's arriving in a few weeks.

[BrickTamland]

Originally Posted by ponchoman49

It blows my mind how the Camry and Prius are up in sales, especially with the Camry on the not recommended list of CR. My two local Toyota dealers still have rows of brand new leftover 2007 Camrys with 2009's arriving in a few weeks.

Wow, 2009 Camrys go on sale in a couple weeks? Add another car to the list of short or non-existent 2008 model years - Murano, Corolla, Camry, etc.

[PhishPhood]

Originally Posted by ponchoman49

It blows my mind how the Camry and Prius are up in sales, especially with the Camry on the not recommended list of CR. My two local Toyota dealers still have rows of brand new leftover 2007 Camrys with 2009's arriving in a few weeks.

Re the Camry...

Regardless of what CR recommends or doesn't recommend there are well over 4 Million recent Camry owners in the US since 2000 alone. By far the most important criteria in anyone's purchase decision is personal experience. If someone has been driving one ( or two ) for the last 10 yrs with no problems at all and suddenly CR takes the Camry off the Recommended list, that's interesting but it doesn't outweigh personal experience.

If a dealer has rows and rows of leftover 2007's then that dealer has to be the single worst store in the US. The 07's have been gone since July. What you may be seeing are TRAC vehicles that look like new but actually are USED rentals from that store's TRAC program.

The Prius situation is no surprise with fuel prices going in the direction they are. What is shocking is that the vehicle is in the middle of its 5th year and it's increasing sales. In reply to Igor, there's no way that 30-40% of the sales are to fleets. The Corolla and Camry are the high volume fleet sources at about 15%. I'd estimate that maybe 8-10% go to fleets including the in-house TRAC program.

[Realist]

Originally Posted by igor

Last year was the year many daily rental companies, car share companies and many others added Prius to their fleets - I would not be surprised to find out the Prius had 30-40% fleet sales in 2007

Igor

I would be very surprised. Prius sales so far have been mostly retail.

[Stéphane Dumas]

Originally Posted by Realist

I would be very surprised. Prius sales so far have been mostly retail.

maybe it varies by cities, in some Canadian cities, local agencies rentals begins to have more Camrys in their rental fleets