Ford Tops in Vehicle Residual Value

[cpayne5]

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? This 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.

[Monkeydad]

Originally Posted by cpayne5

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? This 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.

Ford beats Toyota in quality rankings - Autos- msnbc.com

Truckblog - Ford's 2008 Vehicles including Super Duty Beat Toyota, Honda in Brand Quality

Ford wins most awards in renowned quality study on Yahoo! Video

The Ford Story: Ford Beats Every Auto Company in Quality

[cpayne5]

Originally Posted by Buster

Ford beats Toyota in quality rankings - Autos- msnbc.com

Truckblog - Ford's 2008 Vehicles including Super Duty Beat Toyota, Honda in Brand Quality

Ford wins most awards in renowned quality study on Yahoo! Video

The Ford Story: Ford Beats Every Auto Company in Quality

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 press release for the JDP link I posted above, if anyone wants to take a look at the details.

[mredskins]

Originally Posted by cpayne5

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 press release for the JDP link I posted above, if anyone wants to take a look at the details.

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:

Ford Surpasses Honda In Initial Quality and Ties Toyota (The Torque Report)

[cpayne5]

Originally Posted by mredskins

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:

Ford Surpasses Honda In Initial Quality and Ties Toyota (The Torque Report)

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

[Monkeydad]

Originally Posted by cpayne5

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 press release for the JDP link I posted above, if anyone wants to take a look at the details.

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.

[cpayne5]

Originally Posted by Buster

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.

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...

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

[dmek25]

go USA

[dmek25]

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

[Trample the Elderly]

Originally Posted by dmek25

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

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.

[firstdown]

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

[dmek25]

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

[dmek25]

and now this
Toyota halts US sales of Camry, 7 other models

[Monkeydad]

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.

Toyota suspends U.S. sales of 8 models in recall - Yahoo! News

Toyota suspends U.S. sales of 8 models in recall

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)

[cpayne5]

Originally Posted by Buster

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.

Doubt it.

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