Everyone was WRONG about Toyota
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00:00 - Intro
What's up, you guys? In today's video, I will discuss the car market and what is currently going on with Toyota
00:12: Toyota Earnings
02:07 - Toyota EVs....They aren't Convinced
03:40 - Why This Fiscal Year Was Record Breaking
04:27 - The Issue
08:38 - Closing
I hope you guys enjoyed this video; make sure to hit the like, subscribe, and the notification bell, and I will see you guys in the next video.
Sources:
www.autonews.com/sales/toyota...
global.toyota/pages/global_to...
pressroom.toyota.com/tmc-anno...
global.toyota/pages/global_to...
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#Dealership #AutoMakers #CarPrices
I've been a Toyota owner for about 20 years now. The only reason they are getting away with these prices is the other manufacturers are making such steaming piles of junk. Then those piles of junk also have been going up in price. I wish I could still buy a car that was great quality and sub $25K but that seems pretty unrealistic now.
And the 20 years could be on the same vehicle! My whole family worked at GM but when the CAMSHAFT gets wiped at 101K miles...I can't buy that!
toyota makes a piles of junk too. look at the tundra. i am pretty sure that the new tacoma is a piles of junk too. all those new turbo engines are problematic and extremely complex to fix
Mazda and Honda are excellent alternatives to Toyota but you're not going to get a bargain. We've had all three over the last nearly 40 years and none of them have been any better or worse than the other in the context of reliability and longevity. Perfect is perfect. Just pick the one that you like the look of and appeals to you from what you expect of it when you drive it.
The new Tundra is a steaming pile.
@@picklerix6162 Buy a '21, they were top of their class.
The industry owes Akio Toyota an apology for the letter they wrote.
I just bought my first Toyota ever this week. Got a 2024 Corolla Hybrid for $24k. Honestly, that seemed like a bargain to me. 53 mpg and presumably will last 200k+ miles, I'm satistifed with my purchase.
Toyota's don't ALL last for 200K miles. You only know which engines, and models will do it in hindsight.
Buying a new model year Toyota is a crapshoot. Buy a '95 Lexus or a 2005 Camry ......and it's a sure thing.
Enjoy!
Congratulations on your purchase. Please do your oil changes every 5000 miles. Don't do 10k changes! You will have engine problems with sludge and destroy your engine.
@@Desertfox92308 thanks for the heads up! My current car is a Porsche so I've gotten into the habit of 5000 mile oil changes. So I'll definitely stick to that!
You bought the most reliable car in the world!
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Exactly! My grandparents were so frugal but they had a TON of money on both sides. I remember my grandfather telling me "you want to make money while you sleep." And I guess that attitude passed down to my dad (RIP), because I remember going to his house one day and I had bought something I really liked, so I wanted to show it to him. So I said "Look at this!
Isn't it cute? It was on sale...I saved 50%!" My dad replied "Well, if you're spending, you're not saving." Obviously I had no retort, and that has always stuck with me.
Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!
very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.
How do you do that? I'm interested
Thanks to my co-worker (Alex) who suggested
Ms Brenda Leigh Van.
New Toyota Corollas may start at $22,050 for the base LE trim but that doesn't include the mandatory $1,100 destination charge so you're already at over 23k. Here in Dallas, most Toyota dealerships either have dealer markup or some pre-installed package that they force you to buy, bringing the price of the base Corolla LE to over 25k. Then add taxes, registration, doc fee etc. and you're at 27-28k. 27k for a base Corolla with a cheap hard plastic interior is ridiculous!
Better than paying $95,000 for a RAM pickup.
By Chinese car better
Nissan versa manual is the cheapest car available and it will be much more reliable than a cvt
You can spend $30K on a Mazda 3 and get a much, much nicer ride.
And in 2020 I bought the latest RAV4 XLE with 12k miles for 22k! I’ll drive it until the wheels fall off!
Go Toyota! But I wish their cars and trucks were more affordable.
The MSRP raises aren’t just due to past inflation, it’s fear of future inflation. Raising prices mid year is costly in both administrative costs and it’s hard on the reputation. If inflation disappears, it’s easy to offer discounts.
Toyota had the foresight not to fall in to the All EV or Bust sheep mentality, but it's sad to see it's overpricing it's ICE/Hybrid lineup to the overpriced EVs from its competitors
Being a southern hemisphere consumer I cant even buy a new entry level model Toyota. I walked into my dealership this week, where I have bought my last 3 new cars and was in a 20min round about way (after he tried to re -navigate the conversation into buying a pre-owed car), was told If i place a deposit on a new Camry today ( May of 2024 ) The car I order will be AT LEAST 15% higher than the sticker price when it arrives sometime in the second quarter of 2026. So I walked into a Mazda Dealership and negotiated a 16% discount on a 2024 model with immediate delivery
Never pay over sticker. NEVER
Mazda makes an excellent car. They had a Mazda 6, Camry’s competitor. However, it was discontinued a few years back. They’ve come a long way from the Mazda of 12-15 years ago. Excellent engines (avoid the turbo) and transmissions. In fact, Toyota uses the Mazda 2 drivetrain in the Toyota Yaris.
You won't be disappointed with your Mazda. They're hugely popular in Australia (where I am) for a reason. Our family has owned several of them, as have a couple of our friends.
I wouldn't be surprised if Toyota just lost you for life.
Mazda has upped their game. They are building cars with Toyota now. You’ll probably have very few problems
Toyota makes a better quality vehicle than any manufacturer. They are more reliable and last longer. Your options are a 70,000 average priced F150 or a junk Silverado or Ram for 75000....65000 for a top of the line Toyota is BY FAR the best option. Camrys and corolla for around 25000 isn't expensive when you consider inflation has run about 20% in the last few years cumulatively. Im GLAD Toyota is making a ton of money. Maybe it will encourage its competitors to make better cars and trucks.
A family member bought a very nice Buick for 35k in 2016. It is a very nice cat but it is time for an upgrade. We are looking at the Crown. The Msrp on it is 47,000 for the limited. The dealer is selling it for 44,000. 35,000 adjusted for inflation is about 45,000. The crown is certainly a better vehicle than the Buick but is about the same price when you adjust it for inflation. It just seems absurdly expensive.
If you think long term, like keeping the same car for 15 to 20 years, you’ll be glad you decided to have a Toyota.
I've been a Toyota tech since 1998 and their vehicles have always been more expensive than others because they're built to last 10+ years. The best example I can give on current vehicles is the D-4S Fuel Injection system exclusive to Toyota/Lexus and the Subaru BRZ. Each cylinder has two fuel injectors, one port and one direct, to reduce carbon build up which is very common on direct injected vehicles. Yes, the system is more expensive but if you actually looked at the inside of intake manifolds on direct injected vehicles that have more than 20K miles, you would understand why that is a good idea.
I keep saying it… it’s just cash extraction at this point. The Tacoma, they have shifted production to Mexico, made more functionality thru a screen, and put in smaller power plants… but they charge more. I could understand “shrinkflation” they give us less for the same price but they are giving us less for more money. I could even understand giving us more for more money but that’s not what they are doing.
Yet the average vehicle sold as of the end of April of 2024 is 47k. Very once and but once.
They're getting cocky. In the mid 2000s, they were planning on raising their prices across the board. Then Kia & Hyundai started gaining momentum, so those plans were curtailed due to competition. Things seem to be repeating, but with their competitors making EV mistakes, there's no one around to give them a reality check that their prices are getting too high.
I checked the difference, before tax, between what I paid (in Canada) for my Trail Premium in 2014 and what the MSRP is now recently. 60%. The price has gone up 60%. That’s not the refreshed 2025. That’s the current model year, same vehicle.
I still love my vehicle, 10 years in, so I will be driving it until my kindergartener takes my license away. I can’t afford to buy a new, comparable, 4Runner nor any of their other vehicles in the body-on-frame lineup.
Toyota never jumped to the latest FADS...they pursued a course of just delivering properly functioning products, and are now reaping the benefits of not being stupid. Yes they can charge more now. My whole family worked for GM, but I just can't buy a vehicle that might wipe out the CAM just outside of warranty because of some active fuel management nonsense.
I'll be hanging on to my 2019 Rav4 Adventure for another 10 years minimum, it's only got 31k mostly highway miles as it is.
Nissan is having financial problems so their prices are a lot lower than Toyota.
X2. I wish I had bought a Nissan Frontier Pro-4X. I'm seeing them for 5K under MSRP right now.
Their quality is a lot lower too, since most of them sold in America are made in Mexico.
My Tacoma 2022 is assembled in Mexico. That's not the issue. Nissan are bottom of the barrel Japanese brand. However, their trucks are not CVT so it's not a bad purchase. I've seen many Nissan trucks still on the road so you can get 200k easily. Tacomas third gens have documented 300k+ miles now. For me, anything 300k is really good in the new era. No more million miles Tundra or diesel hilux like the old days but I'm fine. Let's just hope their new turbo hybrid trucks last 200k.
Toyota is suffering in the Chinese Market. Corollas and Camrys, RAV4 are sold 15-25% below MSRPs due to heated competition and bad economy. They need to push more products in the US, and focus on the US and Canada market.
I love toyota, but at these new current prices, i can't see myself getting a new vehicle from them. You might as well just buy a lexus if you're going to spend that kind of money.
you can buy a new Cadillac for less than a small Toyota 🤪
Currently shopping around to lease (or finance) a commuter vehicle. Eliminations Toyota from the running pretty early on. The models of theirs that I like (AWD Prius, Hybrid Corolla) are almost impossible to find and their APRs are ridiculous.
Just steal 1 like they do in Canada, cops tell homeowners to leave the keys on their doorsteps.
Going to try and get a corolla 2023 tomorrow. This video is going to be my good luck charm ! Hehehe
The way I remember the Fiscal Year is to note that the abbreviation is FYE .... Fiscal Year Ending ... hence Toyota is now in its 2025 Fiscal Year because it is in FYE 2025 (Fiscal Year Ending 2025).
I bought a new 1999 Camry V6 and paid $30K cdn, my daughter was in an accident 16 years later and the car was a write-off. I then bought a new 2015 Camry and paid $33K, V6 XSE. Unfortunately the price for the new 2025 Camry XSE is close to $54K, a 50% increase. I think we all know it doesn't matter what Toyota you buy new your paying a markup for inflation and the R&D costs to design a zero emissions vehicle.
Every auto maker is expensive these days. I’d rather pay for the quality and a brand I trust
Toyota believes in evolution. The environment is always changing, and you have to adapt to it. Other manufacturers managers think "we had one day where everything went right" so crappy parts or lazy employees are the only reason for failure. Certainly, no fault of management. At Toyota, every employee is the expert at his or her job, using specified part and standard work, and is expected to come up with the solution to problems as they occur (the Toyota 8 Step Problem Solving Method).
Toyotas are not as reliable anymore and they are overpriced. You sound like Toyota PR person. So if you are then give me a free car. I want a Camry Trd not a 4 cylinder hybrid. I’ll take a gr Corolla, gr86, or a gr supra if you can’t get the v6 Camry trd.
I just purchased a 2013 Prius at top trim - such a lovely little car - it’s cute, great options and 50 mpg or more
Any low cost SUV with a hitch plus a 4x8 harbor freight utility trailer. That's like 80% of the reason to buy a Tacoma and much cheaper.
The car market is going through huge changes, as such buying a car has become more difficult. The march towards unaffordable cars is disappointing with many makers abandoning the lower end to cheaper brands from Chinese car makers. The total cost of buying and running a car over a number of years reveals to the true cost of ownership. Things like servicing and fuel consumption vary substantially between brands and model. Over say 5 years these differences can run into thousands of dollars. It is a good idea to calculate the long term cost of a car you would like to buy. That way you can make and an informed decision.
The contrast between Japanese and American management is highlighted in the automotive industry. Long term forward looking Japanese management and leadership vs the opposite side of the coin with American management (Wharton, Harvard, Yale educated).
My Toyota is 14 years old, has 225k miles on it and is going strong. I will drive it until it falls apart. It will hurt to replace it, but they make a great car.
Toyota’s vehicles are boring, have bland interiors, and are extremely expensive. They surely made some long-lasting vehicles some 15 years ago, but competition is catching up, and with 2+ years of lead times created by Toyota’s artifical scarcity, Toyota might see a drop in its market share
With what they charge who is surprised? They’ve had BMW prices since 2021. I’m a long time Toyota driver and I’d like to get a Sequoia, but it costs as much as an Escalade!
prices are too high, as is insurance and maintenance.; as much as i like their durability i cant care abt modern Toyota, i dont want the increased cost and risk.
my prius cost $6k.
the new one is $60k, is smaller on the inside and has the same mpg despite being 2 decades newer
the "phev" cost $8k more for almost no benefit but has increased hassle and ownership costs.
The results are distorted by comparing the percentage change. I am shopping for Rav4 but need to wait until they are delivered in a week to a month. With that much demand why should they lower the price? And if they are asking plenty now and demand drops, they will have room to give discounts to buyers without losing their shirt.
The worst thing about all new cars is the electronics. The worst part about an EV is the E.
They are still on 12v system. It's very easy to learn and to fix fuses and shorts or to upgrade the entertainment system. The hard, expensive stuff is the transmission and the engine.
If they keep these prices high for too long... eventually consumers will move onto other brands or keep what they have.
Toyota is actually giving up on non-hybrids. If you buy a Sienna minivan, it's a hybrid. No EV only, no ICE only. It's hybrid or nothing. They're affordable, they're extremely reliable, and the gas mileage is incredible. Their economy of scale plan appear to be a good strategy.
I love my GR86. Zero issues after two years and a blast to drive every time. It is exactly as advertised as a simple sports car.
The pricing issues seem more a broad industry/ market driven. Toyota is pricing their product in the current market. New car price increased in the last 4 years are insane, Toyota and Subaru seems to have the least increase. So the proper way to compare on what Toyota is doing with their prices is to compare it other companies. BTW I think the price increase is unsustainable, and companies that still work on more affordable product will win.
Why don’t you try to be the first Automotive journalist to link all these prices to actual inflation and actually as a gauge of the state of the dollar and all of the Fiat currencies around the world that would be smart
Profits aren’t record profits aren’t records if you adjust for inflation FYI
Toyota has turn their back on the customers that they built the brand upon.
Supply and demand lil Dan
@@pilot88pro What? Was that an insult?
Will new car prices ever go down?
no, we can only hope that the increases slow down
No, this is it folks.
yeah - around never o'clock
I think EVs have insurance cost problem and that is helping toyota to sell overprised hybrids. Good for them.
Aubrey, Lexus doesn’t make a truck. The new truck is not even close to the old body. That bad taste isn’t Toyota. Drive the new Tacoma/ Tacoma Hybrid before you knock it. You can’t see the value because you’re short sighted and your blinders are on.
Supply and demand 😂. Their profit margins will return when their wait times comes down. Look at Tesla as an example.
Consumers are ready for EVs because there isn't enough infrastructure, and there is enough infrastructure because there isn't enough consumers with EV to make it economically feasible. It's a circular argument.
Who's everyone. Not the general public, I guess then.
The 10 seconds you spent talking about Toyota's fiscal calendar just makes you look ignorant. Pretty much all Japanese companies and many other Asian countries do the same, because New Year is an important holiday they don't want EOY to happen right before a major holiday. Same with the graphic design of their shareholder reports, it's for a Japanese audience.
They’ve crushed it with styling on so many of their new vehicles too
I bet Volvo and Jaguar had not announced that they go full BEV this year, seems like a crazy decision in the light of crashing BEV sales...
Toyota "heads & shoulders above everyone else. Plug in Hybrids, way to go now. Future;- Electric Fuel Cells, Hydrogen, Ammonia powered cars. For EV's to become practical they need at least +300% range improvement, Lithium Ion batteries aren't cutting it! Toyota prices OUCH!!!
Yeah, these 4th gen tacomas are ridiculously overpriced for what they offer.
I sure am glad I bought my new 2022 Tacoma SR for $29,000. I don't think I'd buy one now.
While it's definitely an issue, its important to note the cost of technology that we insist on in the present day. Every car now has to have high tech safety features as standard , modernised suspension systems for better handling, camera systems, radar systems for cruise control, lane change assist, led lighting sytems that are computer controlled, standard navigation systems etc. The suppliers of these technologies have become expensive and unfortunately to get a modern car, it will be pricier. Niche vehicles like the TRD Pro lines bear this in mind. If you bought a stock vehicle and equipped it to TRD Pro level, the cost might will escalate.
Plug in Hybrid are the future
Toyota will always be my number one choice, but their dealers are getting cocky. That’s a big turn off.
As hyped up as Tesla is, Toyota has sold more hybrids -- just hybrids -- this year, than top EV maker Tesla has sold EVs this decade.
Thank government mandates for the higher prices. It's essentially illegal to sell a lower end car in the US. Toyota sells them globally.
Aren't you, Aubrey, in favor of every new mandated feature? Every one of them adds to the price.
Automatic braking, which has been problematic in cars where it's already offered, is just the latest thing that sounds good, but will add to the base price and also to repair costs going forward.
Seriously, have you even looked into this?
Our windshields get cracks a lot, here. Just had to replace another one, on a 2016 Forester. $300. If we had automatic braking, it would have cost $600.
All this hidden stuff adds up.
Through the first quarter of 2024 Toyota has 6 of the top ten sound vehicles in the USA (#2-#7).
I agree with Toyota regarding hybrids. EV doesn't have the electrical infrastructure, and battery tech isn't adequate yet. I disagree on making a much higher revenue with a lot less sales. They're now depending on fewer people who have higher financial levels to buy their vehicles. Might look good on paper, but imo they're walking along the edge of a cliff. That is course unless they're making up for it in other countries with more sales of cheaper autos.
Damn stop buying for a couple year this is actually ridiculous..
Inflation prices should be adjusted and see what and how he real-price changes were.
Toyota hates Joe Biden lol.
Yeah it's really easy to celebrate those who resist change today. But when the only EV they offer is the BZ4X, it's clear they will be left in the dust by other innovators in the future.
Which is a collaboration with Subaru that Toyota has financial ties too
Manipulation and gouging by manufacturer's and dealers, this was a planned assault. They saw a opportunity and made the choice to do it and many paid the price.
What happened to your, beanie hat?
You have to think of it a certain way. Toyota is conservative. They are slow.
The BZ4X is really just the next first gen Prius. It is slow and has its issues just like the Prius. I think that in 24 years the “BZ4X” will be a decent vehicle just like the 5th gen Prius.
Today, Tomorrow, TOYOTA!!
Toyota plans on selling 300,000 new model hybrid Camry's in America when they launch next year's brand new model. This will move the meter on environmental needle very significantly. Manufacturers that pledged going full EVs were sucking up to governments...not the people who buy their products...
My last Toyota (model-year 2020, built late 2019 in Japan) was a frustratingly problematic vehicle on several levels (required towing on multiple occasions), so I lost trust in the brand. They are coasting along on an outdated reputation these days, just like Honda. Purchased my first Mazda in early 2022 to replace that Toyota & haven't had any vehicle problems/issues whatsoever since.
Contrivied scarcity
It's a dead cat bounce....
Toyota’s competitors raised prices massively so Toyota was able to raise its prices. It’s a far better-run company so it made far more profit doing the same thing. Don’t complain, buy Toyota stock instead of expensive new cars.
In the famous words of Ricky Bobby …
Toyota actually dictates the markets. They didn’t do anything special here they just sell the most amount of cars and so they dictated it. They killed EV sales.
Their reliability is taking a hit the new tundra’s are having engine issues and the list goes on. Corporate Greed thats all.
Tesla and Musk going down in flames
Toyota becoming a bit more like Tesla every day... Toyosla soon it will be called.
A fool who doesn't understand. They are not like Tesla.
@@pilot88pro Who's the fool? The fool who reads and responds to it, or the fool who writes it?
The Corolla is still plenty affordable for most first-time buyers.
Toyota Motor Corporation has gotten away from its original mission which was to make reliable vehicles for affordable prices now it’s to make expensive vehicles with highly questionable reliability. Toyota you’re headed in the wrong direction with your vehicles today course correct before you lose your customer base.
Sadly Toyota still standing at the EV starting line. I love Toyota too , but each year I hear zero future investment in a future makes me sad the end is coming sooner. Sucks.
If you need a car, that’s reliable and good on gas you buy a Toyota you’re not gonna buy Chrysler Ford or GM that’s for sure, unless you’re crazy and like burning your money
Audit scandal on TOYOTA accounting is coming....watch this space
This is the last year toyota had a good year. From here profit will go down. Time to.short the stock
What an idiot ^^
Today, everyone is saying that Toyota's strategy was right - but this is just a snapshot in time. Their hybrid sales are taking off because hybrids are now more widely available across more models, and some models are now available only as hybrids. Eventually, they will need to start making EVs that are not pathetic.
You would k*ll the competition if you manufactured the most reliable,
desirable & quality vehicles IN the world AND aLSo compete ON price.
Becoming No.1 means that you aRe further and much harder to reach.
Toyota doesnt want ev cause hybrids got twice the parts, way more profitable when service. Huge win for them. For now.
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America...
Investing $15,000 and received $174,000
ICE vehicles will die out it’s just going to take longer than most thought it would. There is just too many advantages for EVs and it’s only going to become more obvious as EVs improve
Love Toyota's
I was dead set on leasing a 2024 Corolla Cross Hybrid. That is, until I sat inside one and hated it! Toyota may make great long-lasting engines, but their interiors are cheap and boring! So instead, I'm getting a 2024 KIA Niro PHEV which has heated and cooled seats, heated steering wheel, navigation INCLUDED (no subscription), Harmon/Karden stereo and power liftgate, all included. No convenience package, no additional markups, just a sporty PHEV for less money!
Toyota needs to adopt all electric BEV technology. The world is moving to all electric vehicles
Nokia and Kodak were at the top of their fields once until they were slow to adopt to new technology.
Toyota sales will decline over time as the world moves to all electric vehicles.
EVs are just better. No noise. No emissions, Less fuel costs. Less maintenance costs.
The only car that Ford makes is the Mustang and we know that sales are in the shitter. The can't give away the Mach E. I will never own a vehicle that isn't spelled Toyota. I am waiting for the new Gen 6 4Runner. Aubrey, I give you a ride in it as soon as I can get my hands of the trim and color that I want. A higher price for quality always beats a higher price for crap.
While Toyota’s strategy paid off for them in the short term I think that they’re in danger of losing so much market share to Chinese automakers. The Chinese automakers keep getting better and better very rapidly at making EVs that can not only go a long distance but also charges very quickly. New comers can charge in less than 10 minutes . They’re also making them cheaper than gasoline counterparts. These cars are gaining market share very rapidly and are threatening legacy automakers to the point where western politicians are scrambling to find ways to keep them from overtaking the car market. Elon musk himself even admitted that the Chinese brands are a big threat to everyone else in this industry. In the end consumers want more affordable and well built cars not ones with inflated prices.
Add to that we are almost certainly passed peak oil, the fuel for ICE cars should start getting much more expensive. The only growth in oil production in the 21st century has come from US tight oil (shale oil). People might start to struggle to run ICE cars and Toyota's EVs have not been very good so far and the Chinese EVs are good and getting better as you said.
This video is a very US view of the Car market.
Toyota are pumping up their prices because they are panicking. They are panicking because they have been to the Chinese motor shows and seen how much progress the Chinese manufacturers have made in the last few years with their EVs. Five to ten years ago, Chinese cars were a bit iffy to say the least, they no longer are. Also the Chinese firms are in a bloody price war right now, there are something like ninety Chinese car companies, most will not survive. But the result is massive competition and progress. Newly designed cars are getting a major refresh two years after they came out, making them better and cheaper than the original. This is a rate of development legacy manufacturers like Toyota have not had to deal with recently if ever. Legacy has as a result lost one of their biggest markets, China and the associated revenue. They are not selling as many cars, they are behind in the tech race and they need cash to invest to try and catch up. So they have upped the price on their vehicles, hoping there loyal customers are wary of unknown makes and they have a good financial year.
If China was the only problem Toyota would be in trouble. But we are also past peak oil. The cost of fuel for ICE cars is going to start climbing.
Toyota is panicked yet they have 6 of the top ten best selling vehicles in the USA....
@@NorthweSteelheadJunkies Yes they probably do. But for how long?
This is why I just bought first non toyota vehicle last month - tesla. Toyota is great company for its investor but not for its customer
How has the jump to the new car? Me looking forward to moving from VW to Tesla
I hope you don’t regret that in the long run
Tesla is a joke😂
tesla are garbage
I don't know why everyone is kissing Toyotas ass. They are charging 64k for a tacoma. That is a complete slap in the face to rip off their customers that much.
US$ 20,000 in 2000 is around US$ 24,000 in 2024 after adjusting for inflation. Components are increasingly electronic and requires additional software, which drives overall manufacturing cost. Automakers can no longer make money by selling a US$ 24,000 car. Toyota's Operating Profit margin for FY2023 was only 11.9%, which is far lower than companies like Apple. (FY2023 Gross Profit Margin was 25.5%.) If you read the earnings, you'll know that North American segment lost money in FY2022. In FY2023 OP margin for North America was mere 2.9%, which is dragging the overall business. It's the least productive region compared to Europe, Asia, or Japan. In other words, they're selling cars too cheaply, and need to reduce cost in North America.
FYI, the Fiscal Year for many companies in Japan starts from April 1st. Thus, FY2024 is from Apr 2024 to Mar 2025. It's the same with government budget and school year. However, Japanese companies are allowed to decide their own fiscal year, so some will use the regular calendar year, others (particularly in retail sector) may have a Feb ending fiscal year.
I'm not sure where you got your numbers from. Google tells me that US$20,000 in 2020 would be more than US$36,000 today (in 2024) due to inflation.
You're saying US inflation went up 20% in 24 years?
@@joeb4294 I stand corrected. Based on CPI inflation calculator from US Bureau of Labor Statistics, US$ 20,000 in 2020 is equivalent to US$ 37,000 in 2024.
Also failed to mention their debt grew to 240 BILLION. Yes that’s billions while brining in more money 😂
Sorry but soon we’re going to see a drop in sales when they’ve milked their fan base and the next buyers aren’t tolerating the 65k taco 😂