Toyota May Lengthen Warranties - Dodge Nitro Forum
Off-Topic Discussion If you have something to discuss that is not related to the Dodge Nitro, post it in here. Keep it work safe!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 02-16-2010, 02:55 PM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,852
Toyota May Lengthen Warranties

Toyota May Lengthen Warranties on Recalled Vehicles

Posted: Feb. 16, 2010

With millions of its best-selling vehicles under recall, Toyota may increase the length of its warranties in order to increase consumer confidence.

According to the Detroit News, Toyota “is considering increasing incentives or extending warranties as part of its response to the recalls, which have made some consumers wary of buying Toyota products.”

Some reports indicate that warranties may be extended to as long as 10 years. “If the extended warranty materializes, the Hyundai-like coverage could add quite a bit of money into Toyota's warranty costs, but that cost could be made back in augmented consumer confidence and higher sales totals,” writes Autoblog.

In an interview with the New York Times: “Jesse Toprak, the vice president of industry trends at, which tracks vehicle sales and pricing, said Toyota needed to offer various incentives to overcome the damage done by its recent recalls. He said Toyota should offer discounts of at least $1,000 and longer warranties to new buyers, automatically extend warranties for customers whose vehicles were recalled and seek to win over people who own competing brands in response to the discounts that General Motors and other carmakers were offering Toyota owners.”

For now, other automakers are banking on Toyota’s inability to resurrect its solid build reputation. In an attempt to grab some of Toyota’s market share, competitors -- like Ford, General Motors, Chrysler and Hyundai -- are offering attractive incentives to current Toyota owners who switch to one of their vehicles.

LINK:Toyota May Lengthen Warranties on Recalled Vehicles - U.S. News Rankings and Reviews


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links

  Dodge Nitro Forum > Off-Topic Area > Off-Topic Discussion

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Obama's promise to guarantee the warranties rickaren Chrysler/Dodge/Jeep News 0 04-29-2009 10:22 AM
Canada to Back Chrysler's Warranties rickaren Chrysler/Dodge/Jeep News 1 04-07-2009 04:48 PM
Government to back Chrysler's Warranties? rickaren Chrysler/Dodge/Jeep News 3 03-31-2009 02:16 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome