Toyota’s new job: Winning over consumers who no longer trust the brand

Article by Christian Andrei, on August 25, 2010

In the last few months, Toyota offered zero-percent financing and other attractive incentives in efforts to counteract the impact of the recent recalls. But eventually, potential buyers are expected to tire of these incentives and Toyota will have to try to bring back customers who don't trust the brand anymore.

Last week, Toyota extended its incentives until June 1. Analysts predict that Toyota will continue to offer deals through the summer but it's inevitable that it will have to cut the incentives and deal with the true extent of the damage from the recalls of over 8 million vehicles due to defective gas pedals and brake problems in the Prius.

James Bell, an analyst with Kelley Blue Book, said that the "deck has been reshuffled." He explained that permanent damage has been done, making Toyota compete "in a way they haven't in 25 years."

Toyota's sales plunged soon after it halted the sale of eight models in late January, but it again drew in the buyers with its incentives in March.

Toyota had been quite successful at attracting local buyers and those who are up for a bargain despite getting a $16.4 million federal fine and the filing of more than 300 state and federal lawsuits against it.

If you liked the article, share on:


Login or Create new account to add a comment!


Tesla is making sure that all models under production will receive the necessary advanced hardware that will allow them to be autonomously driven. The fitment of these advanced hardware to...
by - October 27, 2016
Wondering how fast the 2017 Chevrolet Camaro ZL1 in actual driving? To provide customers a good idea on how fast the 2017 Camaro ZL1 could really get, Chevrolet recently had...
by - October 27, 2016
So, it is official! The new Honda Clarity FCV has the longest verified range of any zero-emissions vehicle currently on the road in the United States. One of the main...
by - October 27, 2016
Many have been anticipating Mercedes-Benz Vans’ newest luxury pickup truck, the X-Class. While Mercedes-Benz has yet to reveal the official production version of the X-Class, it was kind enough to...
by - October 27, 2016
We’ve seen quite a lot of intriguing stories in the age of Internet (where the most interesting part was revealed before the story unfolds). Some are from movies and novels...
by - October 26, 2016