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SequoiaGeneral discussion forum for the second generation 2008 and later Toyota Sequoia.
This is a discussion thread titled "Gas prices hurting sales of the 2008? Incentives?", within the Sequoia forum, part of the SUV Forums category.
Re: Gas prices hurting sales of the 2008? Incentives?
There are some like me that need a vehicle this big to pull the 20' boat and haul the family and gear to the mountains of Western Maryland. This is the price we pay for the luxuries we enjoy. If, however, I was simply the soccer mom/dad wanting to drive around in the Suburban, the Sequioa or the Land Cruiser for that matter, in this environment I would seriously reconsider getting into a vehicle this large. Before buying my second Limited, I looked at the Tahoe and Suburban and met a very nice dealer who I would have been glad to do business with. Believe me when I tell you they are hurting too. Every week I get an email with incentives, prices drops and the like. Was Toyota justified in producing the second generation Sequioa? Absolutely. It was due time for more power and more interior room. Was the timing the best? No. But to expect Toyota to bail on the redesign based on gas prices is unrealistic and in some ways unjustified. It simply has to recognize who its actual customers are at this point (obviously fewer than expected). As has been discussed on other threads, the gas mileage isn't any worse than the first gen. vehicles. So, after seven or eight years, it was due time for a change. Everyone I know who has a first gen. Sequioa loves it. When we go skiing in an area that is prodominantly "made in America" all we see coming in and out of the resort all day long are Sequioas. They handle and brake better than any other full size SUV I've driven. I know some who have since replaced their Sequioas with MDXs, Pilots and Lexuses and they're generally very unhappy with the handling in the snow and with the gas mileage they get. So, if you need a full size SUV, go buy one now and get it under invoice. Not sure how low they will go, but it sure seems like they're almost giving them away at this point.
Re: Gas prices hurting sales of the 2008? Incentives?
Quote:
Originally Posted by dupont1
So, if you need a full size SUV, go buy one now and get it under invoice. Not sure how low they will go, but it sure seems like they're almost giving them away at this point.
I'm so tempted everyday! The first one, white Limited, arrived in town last week off the barge. So I went right out to take a look before they had it cleaned up and all. All I can say is huge.
How do you calculate the tipping point where the overall savings in price off sets the poor mileage over the years of ownership?
I still hold out hope for a diesel, yes it is more expensive, but that is a refining issue now. If more vehicles were diesel vs gas, one would expect lower pump prices. I'm skeptical about hybrid technology in a vehicle of this size, but the jury is still out, we'll see.
Re: Gas prices hurting sales of the 2008? Incentives?
I went through the same rationalization about waiting for the diesel. I read about the upcoming production and finally decided: who really needs it? Diesel prices are $.80 a gallon higher here in Maryland than for regular ($3.20 v. $3.99), the thing can pull 10,000 lbs, and the 5.7 engine is tried and true. I also had 161,000 miles on mine. I don't see any real benefit in the diesel.
Re: Gas prices hurting sales of the 2008? Incentives?
Quote:
Diesel prices are $.80 a gallon higher here in Maryland than for regular ($3.20 v. $3.99),
Up here in Ontario diesel is about $4.50 per gallon or $1.19 a litre
Quote:
the thing can pull 10,000 lbs
I can't see a diesel being about to pull 10k in the Sequioa. 10k is only achieved in tow package which kills MPG even more. I think Toyota has some work cut out for them if they plan to put diesel in the Tundra/Sequioa which has very high power and tq rating yet tows a 5 tons yet gets better mileage...plus there will be a premium involved for the a Sequioa diesel.
From what I understand. The large diesels in the GM/Ford/Dodge trucks have tons of performance with about equal MPG as a large gas V8. All the extra power off sets the MPG ratings.
Quote:
5.7 engine is tried and true
I am still on the fence about long term durability and reliability...I question the whole camshaft isssue and lack of tranmission change interval for the 6 speed...
No doubt about it...the 5.7 is hands down the best large v8 out right now.
__________________
2003 Salsa Red Pearl
Last edited by pagemaster; 03-17-2008 at 10:23 AM.
Re: Gas prices hurting sales of the 2008? Incentives?
Quote:
Originally Posted by dupont1
I went through the same rationalization about waiting for the diesel. I don't see any real benefit in the diesel.
Your probably right, there will be a premium paid for the diesel engine and with the increased fuel costs the benefit likely fades away quickly.
We're not looking to tow a large trailer, just one of the two person pop up types and some gear. Plus we are never in a hurry to get anywhere, it's just the two of us, if we only make it to the next town, fine.
Guessing that gas prices isnt hurting them all that much huh?
Well maybe in the GM tent they are..
"GM total truck sales for the month declined 16 percent compared with March 2007"
Then look at ford:
"Trucks This yr - 146,228 last yr - 175,491 = -16.7% "
Doh and the Dodge Ram
Ram P/U this yr - 26,318 Last yr - 38,301 = -31%
19.8% increase is bad considering this is a new model replacing a old model. Read the below.
Toyota already responded to the disappointing truck market in March by trimming production of full-size Tundras and Sequoias at plants in Texas and Indiana by an undisclosed amount.
Re: Gas prices hurting sales of the 2008? Incentives?
Quote:
Originally Posted by MandevilleMike
19.8% increase is bad considering this is a new model replacing a old model. Read the below.
Toyota already responded to the disappointing truck market in March by trimming production of full-size Tundras and Sequoias at plants in Texas and Indiana by an undisclosed amount.
I really dont see that as being "Bad". Expecially since there are No other large SUV's or trucks I found when going thru every other manfacture and looking at sales, that are even in the positive. must mean that toyota did,is doing something right, right now.
And isnt the chevy Tahoe semi new with the flex fuel and all? I dont follow the GM line much anymore.
Re: Gas prices hurting sales of the 2008? Incentives?
It looks that some incentives are finally in, I got this from one of the local dealer's website (Austin, TX)
2008 Sequoia 1.9% APR for 36 Months, 2.9% APR for 48 Months, 3.9% APR for 60 Months Or Special Lease All New 2008 Toyota Sequoia Models
Offer ends and you must take delivery from Dealer stock by 4/30/2008.
Last edited by ocanas; 04-02-2008 at 09:57 PM.
Reason: Missing commas
Re: Gas prices hurting sales of the 2008? Incentives?
Quote:
Originally Posted by MandevilleMike
19.8% increase is bad considering this is a new model replacing a old model. Read the below.
Toyota already responded to the disappointing truck market in March by trimming production of full-size Tundras and Sequoias at plants in Texas and Indiana by an undisclosed amount.
19.8% increase year over year is very bad for a redesigned vehicle. Auto manufacturers measure success by time on the lot, year over year increase for a redesign and total sales.
A Toyota official has been quoted that the Sequioa has 100 day on the lot before its sold. Also, Toyota has slowed down production of the Sequioa only after four months on the market.
Re: Gas prices hurting sales of the 2008? Incentives?
Quote:
Originally Posted by pagemaster
19.8% increase year over year is very bad for a redesigned vehicle. Auto manufacturers measure success by time on the lot, year over year increase for a redesign and total sales.
A Toyota official has been quoted that the Sequioa has 100 day on the lot before its sold. Also, Toyota has slowed down production of the Sequioa only after four months on the market.
100 DAYS?? they havent even been on sale in Sothern cali for close to that. Wow....
Re: Gas prices hurting sales of the 2008? Incentives?
well its prolly demographics. Cause here in So cali I think they are prolly on lot maybe a week or two I would guess. Every day I drive by a toyota dealer that only stocks like 4-6 on lot and when I take notice, it seems they have different colors there quite feq.
Re: Gas prices hurting sales of the 2008? Incentives?
I think selling a grand total of 288 Seqouias more than last year for March is not impressive at all. Now you spread that # over all the dealerships in the US and thats what; each dealership sold one more Seqouia than they did last year and being a new model and all. I think the incentives are going to start rolling in sooner than we all expected.
Re: Gas prices hurting sales of the 2008? Incentives?
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