Posted on 02/10/2010 6:49:46 AM PST by wrrock
Kelley Blue Book dropped the resale values of recalled Toyotas for the second time in four days Monday, leaving them as much as 4 percent or $300 to $750 lower than a week ago, depending on the model.
The auto research Web site Edmunds.com estimates resale or trade-in values could fall up to 10 percent in the short term. How far they drop over the longer haul will depend how long the confusion lingers.
Since the first recall for sticky accelerator pedals on Jan. 21, Edmunds’ estimate for the trade-in value of a 2009 Toyota Camry has fallen by 4 percent to 6 percent to $13,967 while the 2009 Toyota Corolla has declined 6 percent to $11,233.
(Excerpt) Read more at cardealerreviews.org ...
I have a Toyota 4 Runner: best car ever. Sorry, but I’m keeping mine. :-)
“For his brother who was in the Navy at the same time, he’d just as soon shoot you if you showed up at his house driving a Japanese car.”
I used to work for a guy that flew bombers over Europe. It was rather amusing when some poor salesman showed up in a Japanese car.
He would not ride in a German or Japanese car, let alone own one.
One day we needed to go to his house from his shop and the only thing running was what I drove that day, a VW beetle. He sent me to his house to pick up one of his cars, drive it to his shop, and take him back to his house.
But he had a garage FULL of Japanese motorcycles (20?) and that was all right. I never figured that part out.
The dilemma with this car was that, as you might imagine, 40K mi = nothing, it rides just fine even if the mileage is ehhh. The tranny problem occurred because my folks never chged the fluid, then when it finally was changed, detergent type fluid was used and it loosened up some piece of crud which jammed something internal. Hence, a dashboard light went on. You cannot get a car smog-checked and thus registered in CA with any dash light on, so we could not have sold the car for much of anything. BB on the car is prolly $7K. And there was no apparent problem with the car, ride-wise, when the tranny was showing bad. So, what’s a mother to do? It was surely cheaper to blow the $2.3K on the tranny than to replace the car. Hopefully it will run for another ten years.
Upgrade to a newer Camry soon.... me thinks
I’ll take a used Toyota over a brand new GM any day of the week.
My ‘97 Camry only has 130,000 miles and is a great car (so was my ‘89 Camry). If Obama’s WOT (War Against Toyota) drives prices on used Camrys down further I’ll seriously start shopping.
We still have Ford.
Got that right. They’ll probably do anything you ask.
I’d like a nice, well-equipped 4 Runner!
Be sure to avoid the new body style 4 Runner. Its the worst body update Toyota has ever done. Ick.
We have a ‘99 LC and love it! Beach, mountains, school carpool, hockey tournaments. We live in it. 162K miles and purring. It’s fast too.
“
Toyotas are excellent vehicles
“
After having my late (G-d Love him!) father put my mom through
the ringer with two Chevy Malibus...when she needed a new car a
couple of years ago...
She said “I can’t take the problems of another Malibu”.
And she bought a Toyota Corolla.
NOT ONE PROBLEM nearly three years on.
Believe me, she (and I) wish she could have bought a car made by
a Detroit/USA-based manufacturer.
But she (and I) were concerned that they might no longer exist.
And even if they survived, parts and maintenance might be sub-standard.
I might buy a Ford in the future, but NEVER, EVER a GM/Chrysler.
Government Motors especially earned my ire over two items:
1. Mom had to pay $700 to replace the lower intake manifold gasket due
to GM’s false claim that the car would run for 150K miles with the
original Dexcool coolant...but instead cars blow up when that gasket
fails. (Good thing the Internet documented this failure, otherwise
the GM dealer would have charged $1000 to fix a problem GM created!!!)
2. GM told Congressman Pete Hoekstra (R, MI) to get lost when he
requested financial figures on their healthcare plan in order to
compare to other workers’ plans.
This was on Greta Van Sustern’s show on FOX News Channel.
NO MORE GM or CHRYSLER for me!
yep....same here...it’s incredible
all I have done at 135K is two brakes, Michelin all terrains and an antennae..that I broke at my own car wash..lol
Ship them all back to Japan, and bring back the full size American highway car.
Just this past Friday, we traded in our '97 Camry on a new Honda CRV.....being as we had to wait two weeks for our trim/color combination, we had plenty of time to set up the sales clown..............we told him that THIS Camry's gas pedal should increase the trade-in by at least 500 bucks...............damned if it didn't work!!!
We got to "hose" a car dealership for a change.
In the very early '70s I worked at a cold storage warehouse, and one of the local truckers had a 70-something van driver named Joe Keller, a civilian survivor of Wake Island and the ensuing Japanese imprisonment. Old Joe HATED the Japs and when a Fishking (Japanese owned) driver would approach the dock, he'd go off all over the place........great fun to watch, and a great touch of history for the memory banks.
Joe was in their face all the time, telling them to "ask what your daddy did".
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