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Toyota Throws Record Incentives at U.S. Market

After a 9% sales slump, Toyota goes on marketing offensive.

by on Mar.02, 2010

Under pressure to turn around a share and sales slump, Toyota is spending big.

Toyota Motor Sales, U.S.A. today announced plans to launch what it called its “most far-reaching sales program in its history.”

This latest development followed the  announcement that Toyota sales had declined 9% in February, moving far behind number two General Motors in the U.S. market.

Particularly worrisome was a drop in “first time buyers” during the month.

A “stop sale” of its most popular models  because of safety recalls at the beginning of the month cost Toyota an estimated 18,000 vehicle sales, according to Bob Carter, group vice president and general manager of Toyota Division for Toyota Motor Sales.

Starting today, through April 5, 2010, the national marketing program includes financing, leasing and customer loyalty offers. Highlights of the program include:

  • 0% APR financing for up to 60 months on 2010 Avalon, Camry, Corolla, Highlander, Matrix, RAV4, Tundra and Yaris, for qualifying buyers.
  • Low lease rates on 2010 Avalon, Camry, Corolla, Highlander, Matrix, Prius, RAV4, Tundra and Venza, for qualifying buyers. Examples include a Corolla lease for $179 a month and a Camry lease for $199 a month, although offers may vary regionally.
  • Complimentary two-year premium maintenance program for customers who purchase or lease a new vehicle and provide proof of a Toyota, Lexus or Scion vehicle already registered in household, with applicable conditions.

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