Ford Tops in Vehicle Residual Value
 

After surpassing Toyota in quality (according to JD Power), now they beat Toyota in another key category:

[quote]
[B]Ford Tops in Vehicle Residual Value[/B]
[I]December 22, 2009, 3:21 pm EST[/I]

After 36 months in service, the projected resale value of 2010 Ford vehicles (Ford, Lincoln and Mercury) has gone up by an average of $1,310 per vehicle compared to the 2009 model year. This is the largest increase compared to other automakers based in the U.S.

Ford accredited its improved quality and design as well as fuel economy in vehicles for the increase in residual value. For example, the redesigned 2010 Ford Taurus' projected average resale value after 36 months in service exceeded the 2009 Taurus by $4,862.

Further, some of Ford’s vehicles have succeeded in defeating Asian automakers, including Toyota, based on residual value after 36 months in service. For example, the 2010 Ford Fusion midsized sedan has been expected to be worth more than the 2010 Toyota Camry by $687. The residual value of the 2010 Ford Flex full-sized crossover also commands a $1,800 premium over the Toyota Highlander.

Last month, Ford succeeded in sustaining its strong position in the U.S. by posting flat sales at 122,846 vehicles. The automaker’s sale of crossovers, which imitates SUVs but with a higher fuel-efficiency, grew 26%. Its car sales rose 14%, driven by a fuel-efficient product line.

Ford’s auto sales in Europe’s 19 core markets have leapt 19.8% to 113,100 vehicles in November. This resulted in a year-to-date market share of 9.1% for the company, the highest since 1999.


[url=http://seekingalpha.com/article/179464-ford-tops-in-vehicle-residual-value]Ford Tops in Vehicle Residual Value -- Seeking Alpha[/url]
[/quote]


Yet, the old stereotypes still get repeated by the Japanese car fans.

Re: Ford Tops in Vehicle Residual Value
 

Ford has made a heck of a comeback.

Re: Ford Tops in Vehicle Residual Value
 

Yes they have. I've owned my Ford for 9 years now, but have no major problems (just alternator and leaky water pump, common and easy repairs), so I haven't had a reason to replace it. Probably will in the next couple of years, but they've been doing great for a while now. Toyota has been on a bit of a downslide with quality (Comsumer Reports was exposed to be re-using old quality surveys on Toyotas for a few years while newer models were having more issues).

It's amazing how people have the stereotypes in their minds and can't be changed...Toyotas and Hondas = Good, Fords = Bad!

The best part about Ford's story, they refuse to take Government handouts/bailouts...they're doing it all on their own.


Don't you have a Fusion, Matty? Love those cars.

Re: Ford Tops in Vehicle Residual Value
 

Yeah I still have my Fusion, great car. Yup it's funny how people still stick up their nose when you say you drive a Ford. I'll probably be all over the 2011 Edge when it comes out.

Re: Ford Tops in Vehicle Residual Value
 

I wish I could afford a new Taurus SHO. :drool:

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;656978]I wish I could afford a new Taurus SHO. :drool:[/quote]

I saw one on the road the other day and it looks pretty damn nice.

Re: Ford Tops in Vehicle Residual Value
 

I had to get rid of my Ford Explorer when I purchased my new boat as it was not big enough to handle a larger boat. I had 236,000 miles on that truck with no major work ever done to the truck. I also did alot of towing my older boat around with the truck and the trans still worked great. I got a wopping $500 for the truck but it paid for itself over the 8 years. My dad owned the truck before me and it was his third explorer but as he lloks to buy another SUV he was not impressed with the new ford explorer.

Re: Ford Tops in Vehicle Residual Value
 

I drive a Toyota 4Runner 2007 with 45k miles on it, no problems to date but at this same point in any cars life there really should be no major problems.

I believe Toyota and Honda make a better car and this is from hands on experience with them both driving them and working on them.

I also believe Ford has come along way not only in quality but styling. I think they have some really sharp looking cars/trucks out right now.

With all that said the largest variable in determining the quality of a car/truck is how well it has been maintained by it's owner. If you don't care for your car it doesn't matter if it was built in China, USA, or the moon it will not last.

Re: Ford Tops in Vehicle Residual Value
 

drive American. always have, always will. but it is really good to hear about the comeback. my wife has always had Honda's. and we have never had any problems with them. good to see we can agree on something buster:)
BTW, i drive a 2003 Chevy Tahoe. one of the best vehicles i have ever owned

Re: Ford Tops in Vehicle Residual Value
 

The new Lincoln MKZ looks awesome, and it parks itself. Retardproof. I need one.

Re: Ford Tops in Vehicle Residual Value
 

[quote=Daseal;657015]The new Lincoln MKZ looks awesome, and it parks itself. [B]Retardproof[/B]. I need one.[/quote]
do you really believe this? its like saying something is unbreakable. just hand it to a kid, and see how well it holds up

Re: Ford Tops in Vehicle Residual Value
 

I realize this is a bit off-topic but I always hated fords but recently got a 2008 fusion and a 2000 lincoln LS on the cheap. got both cars at great values and hope to get a lot of life out of the fusion, atleast.

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;656978]I wish I could afford a new Taurus SHO. :drool:[/quote]
You and me both. Since I'm gearing up for a minivan as the next car purchase, I'd like to get a larger sedan to replace our commuter Civic. The Taurus SHO caught my eye, but it's way out of price range. I used to have a 1995 Taurus (Last year before the rounded redesign), and loved the comfort and room I had in it.

Re: Ford Tops in Vehicle Residual Value
 

Your title is misleading, Buster. A more reflective title would say something along the lines of, "Some Ford Models Best Toyota Counterparts in Residual Value".

I wish the article would give more specifics. It would be nice to see where the numbers are coming from.

Got a link for that JDP quality statement, too? [URL="http://www.jdpower.com/autos/ratings/quality-ratings-by-brand/sortcolumn-1/ascending/page-#page-anchor"]This[/URL] link seems to debunk that statement, but if you've got another one, I'd love to see it.

The thing that people don't understand, is that it takes time to engineer a new car (and on the order of $1billion per new model, per year of design - $$$$$$). Ford recognized that they needed to change their ways and took the appropriate measures several years ago. After years of design, testing, more design, and more testing, the fruits of their diligence is finally hitting the showroom floors (it has been for a few years now, actually). Changes are not made overnight, and Ford has come a long way. The internal changes at GM and Chrysler have been underway for a long time, and they too are putting great products in the dealers' lots. Check out some of Cadillac's (GM) offerings. They're turning themselves into an American BMW, with superior reliability.

Toyota and Honda has been damaged by their own success. Their market share has increased significantly over the past 15 years, and they've tried to keep up with growing demand for their products. They, like all car companies have done, tried to fill product gaps too quickly. They tried to pump out too many cars from their factories. Those two factors led to design flaws and subpar quality in specific areas (many times stemming from suppliers struggling to keep up). Look at individual areas within those companies where growth has been more steady, and you'll see superior quality to this day (Lexus, vehicles imported from Japan - like mrredskin's 4R, etc).

Ford has earned the credit being heaped on them. Bashing other companies in the name of Ford's success, is not warranted, IMO, though.

Re: Ford Tops in Vehicle Residual Value
 

[quote=BigHairedAristocrat;657025]I realize this is a bit off-topic but I always hated fords but recently got a 2008 fusion and a 2000 lincoln LS on the cheap. got both cars at great values and hope to get a lot of life out of the fusion, atleast.[/quote]

The LS is an amazing car, great value if you can find one.

Re: Ford Tops in Vehicle Residual Value
 

[quote=cpayne5;657088]Your title is misleading, Buster. A more reflective title would say something along the lines of, "Some Ford Models Best Toyota Counterparts in Residual Value".

I wish the article would give more specifics. It would be nice to see where the numbers are coming from.

Got a link for that JDP quality statement, too? [URL="http://www.jdpower.com/autos/ratings/quality-ratings-by-brand/sortcolumn-1/ascending/page-#page-anchor"]This[/URL] link seems to debunk that statement, but if you've got another one, I'd love to see it.

The thing that people don't understand, is that it takes time to engineer a new car (and on the order of $1billion per new model, per year of design - $$$$$$). Ford recognized that they needed to change their ways and took the appropriate measures several years ago. After years of design, testing, more design, and more testing, the fruits of their diligence is finally hitting the showroom floors (it has been for a few years now, actually). Changes are not made overnight, and Ford has come a long way. The internal changes at GM and Chrysler have been underway for a long time, and they too are putting great products in the dealers' lots. Check out some of Cadillac's (GM) offerings. They're turning themselves into an American BMW, with superior reliability.

Toyota and Honda has been damaged by their own success. Their market share has increased significantly over the past 15 years, and they've tried to keep up with growing demand for their products. They, like all car companies have done, tried to fill product gaps too quickly. They tried to pump out too many cars from their factories. Those two factors led to design flaws and subpar quality in specific areas (many times stemming from suppliers struggling to keep up). Look at individual areas within those companies where growth has been more steady, and you'll see superior quality to this day (Lexus, vehicles imported from Japan - like mrredskin's 4R, etc).

Ford has earned the credit being heaped on them. Bashing other companies in the name of Ford's success, is not warranted, IMO, though.[/quote]


[url=http://www.msnbc.msn.com/id/19073071/]Ford beats Toyota in quality rankings - Autos- msnbc.com[/url]

[url=http://www.truckblog.com/story-2358-fords_2008_vehicles_including_super_duty_beat_toyota_honda_in_brand_quality]Truckblog - Ford's 2008 Vehicles including Super Duty Beat Toyota, Honda in Brand Quality[/url]

[url=http://video.yahoo.com/watch/628722/2965448]Ford wins most awards in renowned quality study on Yahoo! Video[/url]

[url=http://www.thefordstory.com/quality/ford-beats-every-auto-company-in-quality/]The Ford Story: Ford Beats Every Auto Company in Quality[/url]

Re: Ford Tops in Vehicle Residual Value
 

go USA

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;657287][url=http://www.msnbc.msn.com/id/19073071/]Ford beats Toyota in quality rankings - Autos- msnbc.com[/url]

[url=http://www.truckblog.com/story-2358-fords_2008_vehicles_including_super_duty_beat_toyota_honda_in_brand_quality]Truckblog - Ford's 2008 Vehicles including Super Duty Beat Toyota, Honda in Brand Quality[/url]

[url=http://video.yahoo.com/watch/628722/2965448]Ford wins most awards in renowned quality study on Yahoo! Video[/url]

[url=http://www.thefordstory.com/quality/ford-beats-every-auto-company-in-quality/]The Ford Story: Ford Beats Every Auto Company in Quality[/url][/quote]

Two of those links are 3 years old, and one is 18 months old, and none are from JDP. Hardly current. They don't support your initial assertion, either. The 4th reports numbers that indicate Ford is tops in initial quality, but isn't from JDP. Initial quality is not quite the same thing as "quality". At all.

Here is the [URL="http://businesscenter.jdpower.com/news/pressrelease.aspx?ID=2009108"]press release[/URL] for the JDP link I posted above, if anyone wants to take a look at the details.

Re: Ford Tops in Vehicle Residual Value
 

[quote=cpayne5;657361]Two of those links are 3 years old, and one is 18 months old, and none are from JDP. Hardly current. They don't support your initial assertion, either. The 4th reports numbers that indicate Ford is tops in initial quality, but isn't from JDP. [B]Initial quality is not quite the same thing as "quality".[/B] At all.

Here is the [URL="http://businesscenter.jdpower.com/news/pressrelease.aspx?ID=2009108"]press release[/URL] for the JDP link I posted above, if anyone wants to take a look at the details.[/quote]


I always wondered what initial quality meant. Apparently from my research it is just how well the car performs in it's first three months, pffff...who cares. I want to know if it will least 10 years and 200k miles if it can do that the first three months should be a cake walk.

Some of these awards are just marketing tools.

Interesting read:

[url=http://www.thetorquereport.com/2009/04/ford_surpasses_honda_in_initia.html]Ford Surpasses Honda In Initial Quality and Ties Toyota (The Torque Report)[/url]

Re: Ford Tops in Vehicle Residual Value
 

[quote=cpayne5;657361]Two of those links are 3 years old, and one is 18 months old, and none are from JDP. Hardly current. They don't support your initial assertion, either. The 4th reports numbers that indicate Ford is tops in initial quality, but isn't from JDP. Initial quality is not quite the same thing as "quality". At all.

Here is the [URL="http://businesscenter.jdpower.com/news/pressrelease.aspx?ID=2009108"]press release[/URL] for the JDP link I posted above, if anyone wants to take a look at the details.[/quote]

I never said the quality reports were the purpose of the thread, they hit the top of the lists a few years ago. This thread is about Ford topping the Residual Value charts.

We get it, you're not a Ford fan.

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;657486]I never said the quality reports were the purpose of the thread, they hit the top of the lists a few years ago. This thread is about Ford topping the Residual Value charts.

We get it, you're not a Ford fan.[/quote]

I had two issues with the first post. The first being the title (which didn't accurately reflect what the article's text said), and the second being this sentence: "After surpassing Toyota in quality (according to JD Power), now they beat Toyota in another key category:". You didn't, and still don't have any evidence to back up that statement.

Who said I'm not a Ford fan? Did you not read my previous posts? I'm fairly brand agnostic (Chevy, Honda, Toyota, and Chrysler all represented in my garage). Give me the $60k for an F450, and I'll gladly add it to my stable. :) I also made a strong case for a Ford Fusion when Daseal was looking to buy a new car a few months ago.

I'll end with this quote from my first post...
[quote]Ford has earned the credit being heaped on them. Bashing other companies in the name of Ford's success, is not warranted, IMO, though. [/quote]

Re: Ford Tops in Vehicle Residual Value
 

[quote=mredskins;657445]I always wondered what initial quality meant. Apparently from my research it is just how well the car performs in it's first three months, pffff...who cares. I want to know if it will least 10 years and 200k miles if it can do that the first three months should be a cake walk.

Some of these awards are just marketing tools.

Interesting read:

[url=http://www.thetorquereport.com/2009/04/ford_surpasses_honda_in_initia.html]Ford Surpasses Honda In Initial Quality and Ties Toyota (The Torque Report)[/url][/quote]

Yep, it's a reliability survey that accounts for the first 90 days of ownership.

Re: Ford Tops in Vehicle Residual Value
 

I own a Ford Van. It isn't fuel savvy but I don't care. Old ladies have a knack for running into me. Ford has a long track record of having a serious beef with the Gov going back to Henry Ford. So that's cool in my book. I've had a Hundai before and it was a good vehicle as well. Automobiles in general these days will last a long time if you keep up with them. I usually jack mine up with K&N filers, top off the line fluids, and check on them constantly. I wish Ford would manufacture more autos in the US. If Congress put some tariffs on autos not made in the US maybe . . . Perhaps the UAW would stop trying to kill the golden goose too?

Re: Ford Tops in Vehicle Residual Value
 

[quote=Trample the Elderly;657522]I own a Ford Van. It isn't fuel savvy but I don't care. Old ladies have a knack for running into me. Ford has a long track record of having a serious beef with the Gov going back to Henry Ford. So that's cool in my book. I've had a Hundai before and it was a good vehicle as well. Automobiles in general these days will last a long time if you keep up with them. I usually jack mine up with K&N filers, top off the line fluids, and check on them constantly. I wish Ford would manufacture more autos in the US. If Congress put some tariffs on autos not made in the US maybe . . . [B]Perhaps the UAW would stop trying to kill the golden goose too?[/B][/quote]
i should have figured you would think this.
and by the way....
[URL="http://editorial.autos.msn.com/article.aspx?cp-documentid=1126617#"]Toyota Motor[IMG]http://images.intellitxt.com/ast/adTypes/2_bing_11pxw.gif[/IMG][/URL] Sales U.S.A. said today that it would recall 2.3 million vehicles for sticking accelerator pedals, in addition to the 4.2 million [URL="http://autos.msn.com/browse/Toyota.aspx"][COLOR=#07519a]Toyota[/COLOR][/URL] and [URL="http://autos.msn.com/browse/Lexus.aspx"][COLOR=#07519a]Lexus[/COLOR][/URL] vehicles already being recalled.[URL="http://editorial.autos.msn.com/article.aspx?cp-documentid=1126617"]
[/URL]

Re: Ford Tops in Vehicle Residual Value
 

[quote=dmek25;657529]i should have figured you would think this.
and by the way....
[URL="http://editorial.autos.msn.com/article.aspx?cp-documentid=1126617#"]Toyota Motor[IMG]http://images.intellitxt.com/ast/adTypes/2_bing_11pxw.gif[/IMG][/URL] Sales U.S.A. said today that it would recall 2.3 million vehicles for sticking accelerator pedals, in addition to the 4.2 million [URL="http://autos.msn.com/browse/Toyota.aspx"][COLOR=#07519a]Toyota[/COLOR][/URL] and [URL="http://autos.msn.com/browse/Lexus.aspx"][COLOR=#07519a]Lexus[/COLOR][/URL] vehicles already being recalled.[URL="http://editorial.autos.msn.com/article.aspx?cp-documentid=1126617"]
[/URL][/quote]

I'm not saying all trade unions are bad. Many of my relatives are union. I'm just saying some of the UAW's policies make the companies they work for uncompetitive in the US and Canada.

Re: Ford Tops in Vehicle Residual Value
 

remember that there was always 2 sides sitting at the table when negotiating. and i agree with the tariff on non U.S vehicles

Re: Ford Tops in Vehicle Residual Value
 

[quote=dmek25;657545]remember that there was always 2 sides sitting at the table when negotiating. and i agree with the tariff on non U.S vehicles[/quote]

By all means, management were fools for signing off on some of these contracts. The end result is still the same. I'm for tariffs on vehicles manufactured outside the US. If it's a Toyota coming out of Alabama, I'm cool with that. That's an American family putting bread on their table.

Does the UAW hire illegals? I know the Carpenter and Joiners do in CA. The local Electric 666 runs them off every job they get from what I hear.

Re: Ford Tops in Vehicle Residual Value
 

I keep a car so long residual value means nothing in my book. I hate car payments.

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;656969]Yes they have. I've owned my Ford for 9 years now, but have no major problems (just alternator and leaky water pump, common and easy repairs), so I haven't had a reason to replace it. Probably will in the next couple of years, but they've been doing great for a while now. Toyota has been on a bit of a downslide with quality (Comsumer Reports was exposed to be re-using old quality surveys on Toyotas for a few years while newer models were having more issues).

It's amazing how people have the stereotypes in their minds and can't be changed...Toyotas and Hondas = Good, Fords = Bad!

The best part about Ford's story, they refuse to take Government handouts/bailouts...they're doing it all on their own.


Don't you have a Fusion, Matty? Love those cars.[/quote]
[COLOR=black][FONT=Verdana] [/FONT][/COLOR]
[COLOR=black][FONT=Verdana]My first car was a 1989 Ford Thunderbird SC, pretty decent car. Since then i have had a Mercury Topaz (bad transmission) and a Exporer (bad engine, transmission and something else that was going to cost 1k+ to fix). All my Explorer problems happend at different times. I finally broke down and bought a Honda. [/FONT][/COLOR]
[COLOR=black][FONT=Verdana] [/FONT][/COLOR]
[COLOR=black][FONT=Verdana]Ford has made major strides, but years of a producing a crappy and inferior product is going to take a while to fix. [/FONT][/COLOR]
[COLOR=black][FONT=Verdana][/FONT][/COLOR]
[COLOR=black][FONT=Verdana]Think of McDonalds everything they had sucked 5 years ago. Now the menu is vastly improved, restaurant quality is near the top in their industry, and their core products are better because they are made or anticipated to order (they dont just sit under a heat lamp any more). But i think a lot of people here would never go to a McDonalds just because of their old perception of the place. [/FONT][/COLOR]

Re: Ford Tops in Vehicle Residual Value
 

[quote=dmek25;657529]i should have figured you would think this.
and by the way....
[URL="http://editorial.autos.msn.com/article.aspx?cp-documentid=1126617#"]Toyota Motor[IMG]http://images.intellitxt.com/ast/adTypes/2_bing_11pxw.gif[/IMG][/URL] Sales U.S.A. said today that it would recall 2.3 million vehicles for sticking accelerator pedals, in addition to the 4.2 million [URL="http://autos.msn.com/browse/Toyota.aspx"][COLOR=#07519a]Toyota[/COLOR][/URL] and [URL="http://autos.msn.com/browse/Lexus.aspx"][COLOR=#07519a]Lexus[/COLOR][/URL] vehicles already being recalled.[URL="http://editorial.autos.msn.com/article.aspx?cp-documentid=1126617"]
[/URL][/quote]
What does a recall have to do with a union? Remember the pintos also known as the rolling bombs or the chevy truck with the side sadle gas tanks which also blew up when in an accident. My Ford has had 3 recalls but I never took it in. If I'm correct those recalls you posted are to just add something to hold down the drivers floor mat. I only own US cars and just making a point.

Re: Ford Tops in Vehicle Residual Value
 

it was 2 seperate points. sorry for my lack of clarity

Re: Ford Tops in Vehicle Residual Value
 

and now this
[URL="http://www.comcast.net/articles/news-general/20100127/AS.Toyota.Recall/"][COLOR=#0073ae]Toyota halts US sales of Camry, 7 other models[/COLOR][/URL]

Re: Ford Tops in Vehicle Residual Value
 

Today's news: Toyota made 2 million cars with accelerators that can stick and drive you into a building, lake, person, etc. They're suspending the production AND sales of 8 models nationwide.

I have a co-worker whose daughter had a Highlander's pedal stick on her, very scary. She also has an affected Avalon herself.

This is SEPERATE from their prior "floormat floors it for you" defect/recall.

Toyota's quality continues to go down the drain in the past few years. They've peaked.

[quote]
[URL="http://news.yahoo.com/s/nm/20100127/ts_nm/us_toyota_recall_21"]Toyota suspends U.S. sales of 8 models in recall - Yahoo! News[/URL]

[SIZE=5][B]Toyota suspends U.S. sales of 8 models in recall[/B][/SIZE]

TOKYO/DETROIT (Reuters) – Toyota Motor Corp will suspend U.S. sales of eight models subject to a massive safety recall, an unprecedented move that sent its shares tumbling and raised questions about the timing of its earnings recovery.

Toyota said it would also halt production of the models, including the best-selling Camry, at plants in the United States and Canada in the first week of February.

Shares in the world's biggest automaker suffered their biggest slide in eight months, falling 4.3 percent in a Toyko market down 0.7 percent on Wednesday.

Last week, Toyota announced it would recall 2.3 million vehicles in the United States to fix potentially faulty accelerator pedals, its second large recall in four months in the United States, its biggest market.

The series of recalls threaten to damage Toyota's reputation for safety and quality that helped it ascend to the top of the global auto industry.

"This unprecedented automotive decision indicates how serious a safety problem this is," said Michelle Krebs, senior analyst at Edmunds.com. "We've gone from floormats to recalls for wear items to a full shutdown, and I can't help but think that the company's credibility is being called into question."

Toyota said the production halt would initially last a week before being reviewed. Officials could not recall a sales or production suspension resulting from vehicle defects on such a scale.

Toyota is considering whether it needs to issue a recall in Europe as well, where the same parts are used for some models.

EARNINGS THREAT

The sales and production suspension could also affect its earnings in the near term.

"The recall itself won't be a big problem for Toyota's earnings, but suspending production and sales could have a big impact depending on how long it lasts," said Koji Endo, an auto analyst at Advanced Research Japan.

Battered by a plunge in global sales brought on by the financial crisis, Toyota has forecast a 350 billion yen ($3.9 billion) operating loss for the year to March -- a projection widely regarded as conservative.

It was expected to post a operating loss of around 47 billion yen in the year to March 2010, before rebounding to a 599 billion yen profit in 2011, according to 19 analysts polled by Thomson Reuters I/B/E/S.

"There is a chance that Toyota could swing to profit this business year, but this sales and production suspension may have a certain impact," Endo said.

Toyota said this week it expects a 6 percent rise in group-wide global sales to 8.27 million units in 2010, but according to a company spokesman in Tokyo, the outlook does not take this sales suspension into account.

The sales suspension and recall includes Toyota's top-selling vehicle in North America, the Camry, for model years since 2007.

Also included are the 2009-2010 model year RAV4, Corolla and Matrix, the 2008-2010 model year Sequoia, the 2007-2010 model year Tundra, the 2005-2010 model year Avalon and the 2010 model year Highlander.

19,000 CARS A WEEK

Annual combined sales of these models are 1 million cars in North America, more than half of Toyota's annual sales there last year, according to Advanced Research's Endo. It is more than 2,700 units a day or 19,000 cars a week.

"In this highly competitive market, no automaker -- not even Toyota -- can afford to stop selling its cars and trucks for long, but perhaps Toyota is banking on the idea that customers will appreciate the priority of their safety in this decision," commented Edmunds.com Senior Analyst Jessica Caldwell.

Bob Carter, Toyota U.S. group vice president, said the world's No.1 automaker is taking the actions to ensure safety and restore confidence in Toyota among consumers.

"This action is necessary until a remedy is finalized," Carter said in a statement. "We're making every effort to address this situation for our customers as quickly as possible."

The plants where the models are made are located in Indiana, Texas, Kentucky, and in Ontario.

($1=89.22 Yen) [/quote]

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;658525]Today's news: Toyota made 2 million cars with accelerators that can stick and drive you into a building, lake, person, etc. They're suspending the production AND sales of 8 models nationwide.

I have a co-worker whose daughter had a Highlander's pedal stick on her, very scary. She also has an affected Avalon herself.

This is SEPERATE from their prior "floormat floors it for you" defect/recall.

Toyota's quality continues to go down the drain in the past few years. [B]They've peaked.[/B][/quote]

Doubt it.

We get it, you're not a Toyota fan. ;)

Re: Ford Tops in Vehicle Residual Value
 

I didn't hear the whole story. UAW makes concessions to FORD. Ford plant up North brings back unemployed UAW workers to meet growing demand. Imagine that? Does anyone have a link to the full story? I heard it on the radio the other day.

Re: Ford Tops in Vehicle Residual Value
 

[url=http://www.nytimes.com/2010/01/29/business/29ford.html]Ford Reports $2.7 Billion Profit for the Year - NYTimes.com[/url]

Re: Ford Tops in Vehicle Residual Value
 

[quote=cpayne5;658546]Doubt it.

We get it, you're not a Toyota fan. ;)[/quote]

:D


No, I am actually hearing complaints from many owners of newer Toyotas and have heard several of them say they're going back to American cars when they get rid of them, specifically Fords.

They have been having some major recalls and quality issues...they HAVE peaked.

Re: Ford Tops in Vehicle Residual Value
 

[quote=Buster;658831]:D


No, I am actually hearing complaints from many owners of newer Toyotas and have heard several of them say they're going back to American cars when they get rid of them, specifically Fords.

They have been having some major recalls and quality issues...they HAVE peaked.[/quote]

This sounds familiar. Oh yeah...
[url]http://www.thewarpath.net/parking-lot/20091-08-mercedes-c-class-v-s-2.html#post361767[/url]
Toyota has kept that issue under the rug, because 2 and a half years later, I still can't find any evidence to back up your claim.

While you're still collecting anecdotal evidence, add my love of my 4Runner to your files. :)

Re: Ford Tops in Vehicle Residual Value
 

It continues for Toyota. :Flush:


Along with brand-wide accelerator problems, now they discover brake issues with the Prius. Also just heard on the radio (news/talk station) that fines for these safety issues could be in their future.


[URL="http://news.yahoo.com/s/afp/20100203/ts_afp/japanusautorecallcompanytoyota_20100203072657"]Toyota's safety woes spread to Prius brakes - Yahoo! News[/URL]

[URL="http://www.king5.com/news/Japan-orders-investigation-into-Prius-brakes-83415972.html"]Japan orders investigation into Toyota Prius' brakes | KING 5 TV | Seattle News, Local News, Breaking News, Weather | News[/URL]

[IMG]http://img638.imageshack.us/img638/9711/toyota.jpg[/IMG]

Re: Ford Tops in Vehicle Residual Value
 

TOKYO — Could the Corolla be next?

Toyota Motor Corp. said Wednesday it's looking into complaints of power steering problems with its popular compact car and is considering a recall as one option. That would be another blow to the world's largest automaker grappling with a spate of safety lapses ranging from sticking gas pedals to braking problems.

President Akio Toyoda also said he's not going to Washington to appear at congressional hearings next week, preferring to leave that to his U.S.-based executives while he focuses on beefing up quality controls — though he would consider attending if invited.