Seattle couple sues Toyota over car's lost value

If these morons actually win the case does it set a precedent here?
Could you buy shares and sue the compary if the stock falls?

Buy low, sell high. Or buy high, sell low, sue, and repeat.

You can sue the company as a shareholder if it is determined the stock was overvalued due to misrepresentation by the executive team. It does not mean you will collect for the simple fact by the time this fact is realized the company is underwater. If you need an example look at Enron.

 

I paid cash and I'm not worried about reselling my vehicle or it doing the SUA thing but I'll take a grand or 2 for them slipping by knowingly putting problematic parts on it at the factory just hoping no one would actually notice or care.

 

Take a toyota car, forget about those so called recalls and ''problems'', and take a good look at it. What do you see? You want to know what i see? I see one of the most reliable car in the market, and there is nothing that can change that for me.

Do the blinkers go out on a toyota after 1 year? no. Do the folding mirrors break after 3 years? no. Does the power lift gate stop working after couple years? no. I could go on, but i think you get my point. Things break sometimes, but it is rare and isolated.

My mother bought a 2010 Mercedes Gl 350 Bluetec. After all the bells and whistle, it ended up costing around 90 000 Canadian dollars. Service A, 9000miles. Driver folding mirror doesn't work properly, power lift gate making weird noises and a crack on the wooden upholstery.

Toyota Tacoma 2009, 16000 miles. Major abuse and off-roading. Problems: None.

Just another example of japanese cars over everybody else. 2007 Honda odyssey, 38 000miles. As much electronic gizmos as the GL. Problems: None. Nada. Zip. The honda is by FAR the most reliable car i have ever seen. I'll speak for the toyota when it gets to the same mileage.

 

What you see from Toyota is exactly what comes from every other manufacturer. No better, no worse. There just the ones currently caught in the whirlpool.
Toyota is slipping guys, face it. You can jump from post to post and deny all you want but today they aren't any better than the rest and in fact they even have a little catching up to do with some. Heck, I have even seen where companies like Hyundai is starting to make some gains. Better watch out when they start building little trucks cause even Toyota will start feel the squeeze.

 

Hyundai's Consumer Loyalty Passes Honda and Toyota


Kelley Blue Book has released the latest Market Intelligence Data, in which Hyundai has taken the top spot, passing both Toyota and Honda in brand loyalty among shoppers on kbb.com.
Comparing February 2010 data to Q4 2009, Hyundai had the greatest increase in loyalty with current Hyundai owners looking at new models within the brand increasing by 10.4 percent to 56.3 percent. This puts Hyundai in the top spot, up from third in Q4 2009. Honda continues to hold the second spot with 55.8 percent, while Toyota has fallen to the number three spot at 53.3 percent.
"Hyundai is clearly benefiting from 'a perfect storm' - a result of introducing passionate new products like the 2011 Sonata and 2010 Tucson, while Honda's mainstream vehicles like the CR-V and Accord are a bit stale in the marketplace and Toyota is experiencing a huge consumer perception crisis," said James Bell, executive market analyst for Kelley Blue Book's kbb.com. "To sustain this momentum, Hyundai should continue to promote its attractive new-vehicle lineup, solid warranty offer and strong price-points to new-car shoppers. Hyundai's main challenge in the near future will likely come from domestic [COLOR=blue ! important][FONT=&quot][COLOR=blue ! important][FONT=&quot]automakers[/FONT][/FONT][/COLOR][/COLOR] like Ford and GM as they gear up for battle over buyers starting to look for a change from 'Camry-land.'"

 

I would waste my time explaining how you are wrong. So i wont. I''ll just say you are wrong.

 

Just that bit negates your whole post.

Hyundai are much better than they were 10 years ago, but i know for a fact it is still a POS that should only be leased.

 

All the objective data says otherwise. All consumer surveys put Toyota in the top 5 when it comes to least mechanical problems/highest reliability.

I'll take objective data over your opinion any day of the week.

Speaking for myself, I'm not going anywhere near Hyundai until their reliability is on par with the Japanese.

 

Keep thinking like that guys. Put your head in the sand and you can't see anything. All I'm saying is Toyota is not the God. They build cars and trucks just like every other manufacturer. No better. No Worse.
They are building vehicles at such a rate that they can no longer maintain the quality they once did. The fault lies only with them. The excuse that someone else built the part that failed does not hold water. Those parts were built to Toyota Specs. Toyota did the quality checks and installed those same parts on their vehicles and sold them with the Toyota logo on them.

As to individuals suing Toyota, they are doing it for some of the same reasons you and I bought our Toyota's in the first place. We felt we had a vehicle that was so well built that it would maintain it's value above other market brands. Now, with Toyota's quality issues coming to light we find ourselves unable to get a reasonable return on trades and sales of those some vehicles.

 

What part of the term "objective data" don't you understand?

Is this in reference to the "accelerator pedal" problem that doesn't exist? Go back and read the rest of the thread. This problem really doesn't worry me since...y'know...it doesn't exist.

This is one of the silliest displays of mangled logic I've seen in a long time. mjp2 nailed it, go read his response.

 

Where's the objective data.
Come on get real. We all like Toyota, but you can't completely ignore the issues that have been coming up since last fall. While some may be bs, enough are real. Speaking of mechanical problems and Toyota, just look at the issues around even the Tacoma's. Look at this website for informed data. The individuals on this site are taking the time to note these defects and tell others. Think of the owners who don't have or know of sites like this and what they are going through.
Toyota ain't what it used to be. Maybe they will get it back, we all hope so but for now, no way.

 

there's no recalls or problems with my toyota....but seriously...every car goes down in resale value as it gets older......besides if your toyota does have a recall they are fixing it for free so no problems with your toyota...just keep it and have a great reliable car

 

Go read consumer reports. Or JD power. Or the government's own data (NHSTA) on recall #'s. The trend is obvious. Japanese manufacturers lead in almost every category from all of these sources.

Here are a few to get you started, but instead of asking me for all the answers, may I suggest you do some of your own research:

http://www.consumerreports.org/cro/...reliability-findings/reliability-findings.htm

http://www.jdpower.com/autos/car-photos/VDS/Most Dependable/2010
(note here that Honda and Toyota account for 8 out of the 19 most dependable vehicles...almost half)

http://www.jdpower.com/autos/ratings/dependability-ratings-by-brand
(Jap makes are top 10, per usual, top 5 for Lexus)


Etc.

I can completely ignore all of them when all of them are statistically less likely to kill you than simply driving at all.

This website has no data. The veracity of claims cannot be substantiated, and the number of claims cannot be totaled. The groups I mentioned in this post use statistically valid methods to measure vehicle reliability. They are scientific, reproducible, and can therefore be tested repeatedly for accuracy.

Which threads someone chooses to read on an internet forum does NOT in any way represent a reliable measure.

As a matter of fact, perceptions of a product are often WORSENED by congregating in forums on the subject because that is where everyone now goes to seek information when they have a problem. Thus, on enthusiast forums, you end up seeing a disproportionately large number of complaints because all the people having problems are congregating there.

See above. In all likelihood, they're going through nothing.

Rosy colored glasses.

With the internet, people can now share more of their misery with more folks than ever before. Toyota doesn't have any more problems, quality or otherwise, than it ever did. In the modern world of mass communication, it's just much easier for people to share their nitpicking with one another.

Before the web, you had to talk to people, or the papers and TV networks had to decide to do a story on something. Now, you can log onto a forum like this and instantly get input from hundreds or thousands of people, bypassing "traditional" information sources entirely. Toyota's quality hasn't changed - your perception of it has, because you're now more informed.

 

I'm sure that the lawyers involved could care less about the issue, they just realize that, like the McDonald's coffee lady, they might win and receive the majority of the 5 million. Just don't become a judge

 

The consumer reports article says it was last reviewed in April 2010. Yes, it says April 2010. I fear this is a typo and actually is 2009 as the rest of the article speaks of 2009 models. Doesn't hold much weight from that long ago as you and I both know Toyota has fallen on some difficult times since.


I appreciate that you took some time to help me with this. I looked at the JD powers rankings and found alot of tests on the 2009 from this link. Oh, and Toyota only ranked average on sales satisfaction. ON 2010 dependability they did rank higher and even very well on feature accessory and dependability. Intiial quality studies were actually about average, but then again when was this study done.


If you want to believe, I'm ok with that. Most of us who have had manufacturing experience go through the same pains as Toyota. Lean manufacturing, while it can help a company to mass produce creates errors that sometimes can't easily be fixed. Toyota is hurting right now and it takes time to heal. They will get by and they will get better. They are however, not the same company they were when they first started importing autos to the US and many are beginning to notice this.

 

Truck guy has to be fake. There is no way he could be serious. It has to be a joke.

American build shit cars for decades. They put out models that have not been tested and use the consumer as test dummies. They have countless issues. They almost went bankrupt and took YOUR money to recover and all of a sudden they are better than toyota? You kidding me right? Are you even listening to what you are saying?


Hyundai cars are the poster boy for terrible, unreliable cars for years. For a couple of years they have been finally releasing models of their own design and that don't break once you drive them off the lot. All of a sudden they are better than toyota?

The company that has build their reputation of reliability for decades, is now shit because some pedals that were american made, that were used in american / canadian manufactured cars? Do you even understand how absurd you are?Are you a Ford operative? No way you could be real.

What you call slipping is actually a hiccup. Minor hiccup in an otherwise stellar performance. You should go to the american brand forums and start asking for your bail out money back.

Edit: I'm sorry for beating this dead horse, but it has to be said. Only american build toyotas have major issues. There. They should just pull back their manufacturers to japan and be done with those unions.

Just so you don't think i don't like american cars, i'll say this. If i had to chose any full size truck, i would buy the F-150 without a doubt.

 

The moment it gets taken off the show room floor it loses value.

 

Dimitri,
Don't get hung up on the past. Yes, American cars, like there counterparts have quality issues. Yes, they were much worse in the past. Yes, some of the manufacturers took bailout money. And no, the majority wouldn't have went bankrupt.

And yes, when Hyundai came to America, the vehicles were cheap and didn't hold up. Do you really think they could continue to offer the warranties they do if they didn't start getting something right.

The article on Hyundai's was primarily on consumer loyalty. They merely state that Hyundai owners appear to be very satisfied with their vehicles. To the point that they have surpassed the likes of Toyota and Honda in Brand loyalty. Speaks pretty highly of a relative newcomer. Kinda like Toyota started off in the late 60's/early 70's.

My last truck was a Ford F150. Had it for 8+ years with no significant defects or issues. Certainly nothing like I have experienced with my new Tacoma. Aside from the fuel mileage I would be driving another Ford. Don't get me wrong. I intend to keep my current truck for a long time. I realize any new vehicle can have it's share of minor issues and Toyota is certainly experiencing this currently. I am just open minded enough to know some is bs and some is real. Hope you can figure this out too. Ken

 

Nobody is hung up in the past. Just because some US manufacturers made a major mistake you put Toyota of japan in the same boat. The only mistakes Toyota made is to start building toyotas in america. Worst yet, Mexico of all places.

They should do what suzuki did. Close all the plants in foreign countries and move back production to the homeland. But of course they would not take jobs away from you guys. They are not GM.

You are being way to harsh on toyota. If you were to apply your harshness to Hyundai or Chrysler over all those years. And ratio up their mistakes to toyota, you would be burning their plants to the ground.

As far as Ford, they are the best of the 3.

And don't even touch Honda. They are the best in the world imo if you want a reliable car. And for the money you pay you get really good technology.