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Toyota Prius May Lead Japan Car Sale Collapse as Subsidies E

Bloomberg -- The Prius hybrid has spearheaded sales growth for Toyota Motor Corp. in Japan for more than a year, helped by government subsidies. The model will likely bear the brunt of plunging demand as the support ends.

“A collapse in sales is unavoidable,” said Hiromi Inoue, the new-car sales chief for Tokyo Toyopet Motor Sales Co. “The daily pace of orders for the Prius is already dropping. We are bracing ourselves for the coming crisis.”

The number of customers signing up to buy a Prius at Tokyo Toyopet’s 66 showrooms has dropped to about eight a day from 20 in June, Inoue said. Industrywide, car sales in Japan are expected to plunge 23 percent in the six months beginning in October from a year earlier, according to the Japan Automobile Dealers Association.

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Submitted Aug 31, 2010 By: BurntOrange

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derKraut Champion Author Ontario Posts:1,669 Points:850,295 Joined:Dec 2008	Message Posted: Sep 1, 2010 10:25:54 AM Ignore derKraut Report Abuse Same here with the GM "VOLT". Once (now that) the government subsidy is over they will have to face the fact that noone really wants them and the resale value will have dropped even before they hit the market.
prcoqui Champion Author Maryland Posts:2,261 Points:1,327,065 Joined:Dec 2006	Message Posted: Sep 1, 2010 6:08:39 AM Ignore prcoqui Report Abuse Thast's what happens when you take out the subsidies.
ScottTee Champion Author Detroit Posts:2,098 Points:604,225 Joined:Mar 2010	Message Posted: Aug 31, 2010 12:28:37 PM Ignore ScottTee Report Abuse subsidies wil always distort from reality, although it can be for a good reason, like this one seems to be.
t_flor Champion Author Illinois Posts:2,195 Points:722,490 Joined:Jul 2008	Message Posted: Aug 31, 2010 11:03:10 AM Ignore t_flor Report Abuse That's the problem with government involvement
VDubBill Champion Author Jacksonville Posts:2,698 Points:873,435 Joined:May 2008	Message Posted: Aug 31, 2010 10:17:40 AM Ignore VDubBill Report Abuse "Toyota, you'll never let go." (Until the subsidies end.)
JuliusRex Champion Author Orlando Posts:1,689 Points:308,610 Joined:Aug 2004	Message Posted: Aug 31, 2010 10:01:07 AM Ignore JuliusRex Report Abuse Sort of makes you wonder how many countries have poured money into these businesses. I wonder if anyone but the companies can answer that question. I am in no way anti-business, and I can't fault a company for taking a feed at the govt. trough when it is there for the taking. I just hate the type of "crony capitalism" that John Stossel is always talking about in his blog. The govt. needs to stop picking winners, and business have to be ready for failure if they don't succeed. The idea that I would have to use that obvious statement "ready for failure if they don't succeed" is already laughable. I'm sorry you failed Toyota, but we can't let you "really fail". Let us give you a green car subsidy to help you succeed even though you failed. Citibank, BoA, AIG, etc. You guys can't fail... even though you have.
packards42 Champion Author Washington Posts:4,249 Points:719,220 Joined:Feb 2005	Message Posted: Aug 31, 2010 10:00:24 AM Ignore packards42 Report Abuse earlier adopter are being used up, and now people are looking at the real cost of ownership.
i4runner Veteran Author Orlando Posts:278 Points:59,910 Joined:Oct 2009	Message Posted: Aug 31, 2010 9:42:57 AM Ignore i4runner Report Abuse I think there are better cars overall for the money at this point.
tbgasmizer Champion Author Ontario Posts:3,790 Points:791,320 Joined:Oct 2009	Message Posted: Aug 31, 2010 8:06:04 AM Ignore tbgasmizer Report Abuse Oh well.
mysub Champion Author Las Vegas Posts:6,887 Points:1,877,065 Joined:Apr 2006	Message Posted: Aug 31, 2010 7:55:21 AM Ignore mysub Report Abuse I'll stick with American made.
Skipper52 Champion Author Massachusetts Posts:5,069 Points:1,133,275 Joined:Oct 2008	Message Posted: Aug 31, 2010 7:48:41 AM Ignore Skipper52 Report Abuse The government needs to stop spending our money to help business. If they can't make it on there own then let them fail....
turbodog Champion Author Mississippi Posts:4,402 Points:898,465 Joined:Feb 2009	Message Posted: Aug 31, 2010 7:43:24 AM Ignore turbodog Report Abuse Look for Prius price to drop in US.
BartBuzz Champion Author Atlanta Posts:6,538 Points:1,315,560 Joined:Aug 2006	Message Posted: Aug 31, 2010 7:42:44 AM Ignore BartBuzz Report Abuse I bought my Prius with NO Government subsidy. If I couldn't afford it, I didn't want a taxpayer handout to get one. All this Government spending has only taken us deeper into debt and now it appears we are heading back into recession. We need to stop with the bailouts and get our fiscal house in order. More Government spending is not the answer. Keep conserving.
52MPG Champion Author Dayton Posts:4,924 Points:1,280,430 Joined:Apr 2006	Message Posted: Aug 31, 2010 7:41:46 AM Ignore 52MPG Report Abuse The government skewing of the market may be coming to an end.
DerHahn Champion Author Illinois Posts:11,161 Points:1,656,025 Joined:May 2004	Message Posted: Aug 31, 2010 7:40:45 AM Ignore DerHahn Report Abuse the high number of sales there would also lead to a drop as so many people already have them. you can't keep a high sales number forever.
Zuman Champion Author New York Posts:3,898 Points:1,444,680 Joined:May 2005	Message Posted: Aug 31, 2010 7:40:15 AM Ignore Zuman Report Abuse BUY AMERICAN
tankneverfull Champion Author Charlotte Posts:6,374 Points:1,301,815 Joined:Apr 2008	Message Posted: Aug 31, 2010 7:39:30 AM Ignore tankneverfull Report Abuse To bad we just can't buy things on the merits of how they are made and the same for companies. Make quality products, stay in business. Make crap, lose your business.
dan30thz28 Champion Author New Jersey Posts:3,695 Points:1,538,995 Joined:Feb 2006	Message Posted: Aug 31, 2010 7:39:12 AM Ignore dan30thz28 Report Abuse Not buying one...too bad for Toyota.
REKEY Champion Author South Carolina Posts:6,221 Points:1,236,505 Joined:May 2008	Message Posted: Aug 31, 2010 7:37:54 AM Ignore REKEY Report Abuse Maybe people are scared to buy one since the latest Toyota recall.
PFCASTA All-Star Author Worcester Posts:940 Points:1,339,200 Joined:Apr 2006	Message Posted: Aug 31, 2010 7:37:17 AM Ignore PFCASTA Report Abuse Buy American.
toadNY Champion Author Albany Posts:4,573 Points:1,049,475 Joined:Apr 2008	Message Posted: Aug 31, 2010 7:37:13 AM Ignore toadNY Report Abuse Just think if the government did not subsidized all there friends we would have more money in are pocket.
RamboOn66 Champion Author Tampa Posts:3,087 Points:1,439,040 Joined:Jan 2006	Message Posted: Aug 31, 2010 7:36:36 AM Ignore RamboOn66 Report Abuse More global "bad news".
THEDodgeman Champion Author Denver Posts:5,641 Points:1,482,605 Joined:Apr 2005	Message Posted: Aug 31, 2010 7:35:44 AM Ignore THEDodgeman Report Abuse JUST MORE ELECTRIC CRAP... BUILT BY PEOPLE WITH NO HONOR.
ArmydudeNC Champion Author North Carolina Posts:5,796 Points:914,425 Joined:Jul 2009	Message Posted: Aug 31, 2010 7:32:47 AM Ignore ArmydudeNC Report Abuse Gotta love those government subsidies.
turbosaab Champion Author Cleveland Posts:14,953 Points:1,948,040 Joined:Sep 2006	Message Posted: Aug 31, 2010 7:32:11 AM Ignore turbosaab Report Abuse This was something I didn't know.
dhawk24 Champion Author Maine Posts:5,540 Points:1,149,835 Joined:Jul 2008	Message Posted: Aug 31, 2010 7:31:38 AM Ignore dhawk24 Report Abuse Buy American.
Long_gone Champion Author Chicago Posts:2,653 Points:460,145 Joined:Jan 2010	Message Posted: Aug 31, 2010 7:30:18 AM Ignore Long_gone Report Abuse Wow. Just imagine. Governments subsidizing businesses.
minnesotagirl Champion Author Milwaukee Posts:3,559 Points:779,260 Joined:Oct 2009	Message Posted: Aug 31, 2010 7:29:28 AM Ignore minnesotagirl Report Abuse Government needs to keep its hands off business
silverfox63 Champion Author Michigan Posts:5,814 Points:1,157,720 Joined:Oct 2008	Message Posted: Aug 31, 2010 7:28:58 AM Ignore silverfox63 Report Abuse Regardless, I still will not buy Toyota. Strictly American made only.
ncclyde Champion Author Charlotte Posts:12,770 Points:1,967,730 Joined:Dec 2005	Message Posted: Aug 31, 2010 7:27:30 AM Ignore ncclyde Report Abuse so right, fightbigoil71, including malinvestment
Valricoslash Champion Author Tampa Posts:4,302 Points:888,420 Joined:Nov 2008	Message Posted: Aug 31, 2010 7:27:00 AM Ignore Valricoslash Report Abuse There are those magic words again--"government subsidies." Why is it that all of this "green" technology require "government subsidies" if it is so good. You wold think that it could stand on its own. [Edited by: Valricoslash at 8/31/2010 7:27:32 AM EST]
jdhelm Champion Author Iowa Posts:4,811 Points:735,660 Joined:Dec 2009	Message Posted: Aug 31, 2010 7:26:46 AM Ignore jdhelm Report Abuse and the economic downward trend continues - as it will here for another 3-5+ years, as they say, brace yourselves, it aint over til the fat lady sings.
fightbigoil71 Champion Author Milwaukee Posts:5,221 Points:1,090,860 Joined:Nov 2008	Message Posted: Aug 31, 2010 7:25:13 AM Ignore fightbigoil71 Report Abuse Government intervention leads to unintended consequences
fillerupyeoww Champion Author Columbus Posts:3,531 Points:1,184,895 Joined:Mar 2008	Message Posted: Aug 31, 2010 7:24:59 AM Ignore fillerupyeoww Report Abuse All car sales are declining.
Canucktree Champion Author Alberta Posts:2,709 Points:581,585 Joined:Dec 2008	Message Posted: Aug 31, 2010 7:21:24 AM Ignore Canucktree Report Abuse Best way to conserve is don't own a car!
weenerdog Champion Author Detroit Posts:7,349 Points:1,440,660 Joined:Jan 2008	Message Posted: Aug 31, 2010 7:19:43 AM Ignore weenerdog Report Abuse sales can't go up forever
WYAK Sophomore Author Newfoundland Posts:118 Points:306,260 Joined:Nov 2009	Message Posted: Aug 31, 2010 7:19:34 AM Ignore WYAK Report Abuse Why there's no subsidize here in North America??
MertieMan Champion Author Lexington Posts:12,419 Points:2,430,660 Joined:May 2005	Message Posted: Aug 31, 2010 7:18:24 AM Ignore MertieMan Report Abuse Whether you want to believe it or not all new car sales are declining in reality.
wegman Champion Author Twin Cities Posts:5,501 Points:1,629,585 Joined:Jun 2001	Message Posted: Aug 31, 2010 7:17:37 AM Ignore wegman Report Abuse When you have a Cash for Clunkers type program, when the government money stops demand crashes.
bikechuck Champion Author Indianapolis Posts:4,647 Points:1,599,205 Joined:Apr 2006	Message Posted: Aug 31, 2010 7:12:02 AM Ignore bikechuck Report Abuse Good cars but economics is playing a part in declining sales, we need to create jobs but the government is getting in the way.
ENORMS Champion Author Colorado Posts:3,014 Points:1,174,060 Joined:Sep 2006	Message Posted: Aug 31, 2010 7:10:45 AM Ignore ENORMS Report Abuse Drop the price now!
bad_sailor Champion Author London Posts:5,575 Points:1,237,580 Joined:Dec 2007	Message Posted: Aug 31, 2010 7:10:15 AM Ignore bad_sailor Report Abuse That's nice.
clermont40miles Champion Author Cincinnati Posts:7,589 Points:1,311,530 Joined:Apr 2008	Message Posted: Aug 31, 2010 7:09:50 AM Ignore clermont40miles Report Abuse quoting... Be American, Buy American and put our people back to work. ---- my reply... I agree with the statement. IKEA is Swedish. Not American. Green Swedes. Unt yoooo vill like it!
Rick01 Champion Author Utah Posts:6,649 Points:1,911,240 Joined:Sep 2005	Message Posted: Aug 31, 2010 7:09:39 AM Ignore Rick01 Report Abuse The domino effect is still going strong.
danny999 Champion Author Florida Posts:6,360 Points:1,174,110 Joined:Oct 2008	Message Posted: Aug 31, 2010 7:09:30 AM Ignore danny999 Report Abuse no more then us car makers have gone through.at different times,including RIGHT NOW.
Hunter724 Champion Author New Hampshire Posts:5,767 Points:1,181,165 Joined:Sep 2008	Message Posted: Aug 31, 2010 7:09:28 AM Ignore Hunter724 Report Abuse Still to expensive to average driver......
rosyLI Champion Author Long Island Posts:3,281 Points:616,455 Joined:Apr 2010	Message Posted: Aug 31, 2010 7:08:15 AM Ignore rosyLI Report Abuse More recalls.
correcting Champion Author Milwaukee Posts:31,531 Points:1,539,840 Joined:Nov 2005	Message Posted: Aug 31, 2010 7:07:24 AM Ignore correcting Report Abuse Isn't that the ToyRecall that can't stop?
FocusGuy Champion Author Seattle Posts:4,909 Points:968,850 Joined:Apr 2009	Message Posted: Aug 31, 2010 7:05:29 AM Ignore FocusGuy Report Abuse we gave em tax breaks here too............awful............
Asbury09 Champion Author Iowa Posts:4,983 Points:1,072,680 Joined:Jan 2009	Message Posted: Aug 31, 2010 7:04:04 AM Ignore Asbury09 Report Abuse gov't subsides are not the answer