Toyota inventories reach record levels

Misjudging the U.S. market and the decline of automotive sales, inventories at Toyota and Scion have increased to record levels. Number of units at dealerships and those on their way to showrooms have swelled up to 376,000, about 100,000 more than last summer and up from 348,000 a year ago.

According to Automotive News, the main problem is that Toyota produced a large amount of pickups and SUVs, misjudging the amount of gas-guzzling vehicles it could sell to the U.S. market.

Higher inventories are usualy due to in part of higher sales, however, sales at...
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EL34 - 4/29/2008 12:19:36 PM

-2 Boost

ToyLex should have stuck with the Piggly Wiggly business plan :-\

0to60 - 4/29/2008 1:12:36 PM

0 Boost

Wasnt this posted yesterday?

rg12345 - 4/29/2008 8:42:45 PM

+3 Boost

hehehehehehehehehehehe

ChicaneShooter - 4/30/2008 5:28:54 AM

+1 Boost

manwhile...

"Continued slow sales prompted General Motors to announce Monday that it will cut production of large pickup trucks and sport-utility vehicles this year.

In total, GM said it is slashing production by about 10 percent, or about 138,000 vehicles at four plants in the U.S. and Canada. About 3,550 workers will be out of jobs as a result.

The question being asked is will sales of those high-profit vehicles, in light of skyrocketing gasoline prices, ever bounce back?

GM's latest move will reduce by 88,000 the number of pickup trucks GM had planned to produce this year, and lower by 50,000 the number of SUVs it had planned to build, the company said in a statement. Production cuts hurt auto makers because they eat into the revenue the affected plants generate."