Topic: Quick Spin: 2015 Toyota Venza AWD Limited

[Sir Osis of Liver]

If I send you $10 will you PLEASE buy that Passat?

You know absolutely fack all about Toyota and it manufacturing.  The Venza is a CAMRY  WAGON.   They just gave it another name for marketing purposes.   The additional production costs were essentially NIL.  To say it's a 'flop" insinuates they lost money on them.    They could produce them in low volumes because they supported good margins.

There are sales number which you obsess about and then there is production values.  Toyota earns more than the D3, Nissan and Honda combined.  They know how to PRODUCE.

Everyone knows it's a Camry wagon/hatch. Americans don't buy hatches or wagons. It's why they Rav4 and Highlander got the sales. You don't know if they lost money on them or not. But it's being killed off for a reason.

Even the very, very long in the tooth Edge sold 108k last year.

Easy to make money with the Japanese government spotting you a 30% head start.

[ArticSteve]

You don't know if they lost money on them or not.

Of course they didn't lose money on them.  It's a Camry!  It's extra production costs are NIL and it's average gross is much higher than Camry.

But it's being killed off for a reason


I'll use your term ... you're sh^t threading now  ,  Subaru Indiana is kicking them out so that's 100k units that need to be made up.  The Lexus is another 50K units.  Current production at Toyota KY is 400K units.

I'll make it simple for you .... no more room for the Camry Wagon.


Wanna talk MEGA FLOPS .... REGAL, ATS et al.   

[rrocket]

I'll use your term ... you're sh^t threading now  ,  Subaru Indiana is kicking them out so that's 100k units that need to be made up.  The Lexus is another 50K units.  Current production at Toyota KY is 400K units.

I'll make it simple for you .... no more room for the Camry Wagon.

This is true.  Subaru has no more capacity for Subarus in NA. They are selling extremely well.  So the agreement isn't being renewed because Subaru now needs all the capacity for themselves.  And even then they think it might not be enough.  The Camry is the bread and butter, so it gets preference over any model.

Oh...and even though the Venza is selling poorly right now (which happens when its announced a car is being killed off), it still outsells Regal. 

And then there's this:

[Sir Osis of Liver]

^Thread shitting? Really? LOL

The Venza sold a third of what the Edge did and a quarter of Outback production. It's a dud in the US, selling roughly as well as the Aztec did in 2002.


Toyota is profitable, no question. But they had a lot of help from PM Abe.

Summary

- The Japanese government is pursuing a long-term yen devaluation strategy to fight deflation.

- Toyota is the Japanese automaker that most benefits from a lower yen, due to its high level of domestic production.

- The company's financial results have skyrocketed over the past couple of years, due to a lower yen.

- Toyota is not expensive currently and offers good dividend growth prospects, making it interesting for income investors.

http://seekingalpha.com/article/2530455-toyota-one-of-the-best-plays-on-yen-devaluation

[rrocket]

Nearly all the cars, the bulk of them, sold by Toyota in NA are made in NA.  Not Japan.

As for the yen? Never been proven despite many attempts by myth hunters. WTO has backed Japan in this regard. So, again, another myth.

You and the Big3 are good for bringing this myth up at least once a year!


If you want to talk about companies that have seen benefits of REAL government intervention, look not further than current GM and FCA.

[Sir Osis of Liver]

Nearly all the cars, the bulk of them, sold by Toyota in NA are made in NA.  Not Japan.

As for the yen? Never been proven despite many attempts by myth hunters. WTO has backed Japan in this regard. So, again, another myth.

You and the Big3 are good for bringing this myth up at least once a year!


If you want to talk about companies that have seen benefits of REAL government intervention, look not further than current GM and FCA.

The WTO looks at tariffs, not currency manipulation. The Abe government specifically said they were using quantitative easing to boost export markets.

Abenomics had immediate effects on various financial markets in Japan. By February 2013, the Abenomics policy led to a dramatic weakening of the Japanese yen and a 22% rise in the TOPIX stock market index.[1] The unemployment rate in Japan fell from 4.0% in the final quarter of 2012 to 3.7% in the first quarter of 2013, continuing a past trend.[15]

The yen became about 25% lower against the U.S. dollar in the second quarter of 2013 compared to the same period in 2012, with a highly loose monetary policy being followed.[16] By May 2013, the stock market had risen by 55 percent, consumer spending had pushed first quarter economic growth up 3.5 percent annually, and Shinzo Abe's approval rating ticked up to 70 percent.[2] A Nihon Keizai Shimbun survey found that 74% of the respondents praised the policy in alleviating Japan from the prolonged recession.[17]

The impact on wages and consumer sentiment was more muted. A Kyodo News poll in January 2014 found that 73% of Japanese respondents had not personally noticed the effects of Abenomics, only 28 percent expected to see a pay raise, and nearly 70% were considering cutting back spending following the increase in the consumption tax.[18]

Under a weaker Yen, Abenomics increased the cost of imports, including food, oil and other natural resources upon which Japan is highly reliant. However, the Abe government viewed this as a temporary setback, as the weaker yen would eventually increase export volumes. Japan also managed to maintain an overall current account surplus due to investment income from overseas.[19]

https://en.wikipedia.org/wiki/Abenomics#Quantitative_Easing

Whenever analysts look at the effects of the QE, they always mention Toyota, because more of their production remains in Japan than the other Japanese car companies:

Washington Post journalist Neil Irwin cited successful expansion by Toyota, with operating profit rising 88 percent in the second quarter of 2013, as evidence that the economic program of Japan is working. He has stated that "the fact that one of Japan's biggest and most important companies is again finding ways to make money on the homefront is a good sign that the nation's economic torpor may not last too much longer." He has also argued that Abenomics could "change the economic psychology of Japan domestically" by providing export hikes through currency devaluation.[16]

There are plenty of myths here, but not on my side.

[rrocket]

The WTO looks at tariffs, not currency manipulation. The Abe government specifically said they were using quantitative easing to boost export markets.
.

The WTO absolutely looks at currency manipulation.  As does IMF. And Japan has never been found guilty by either. So unless you have proof of guilt, you're talking out your ass. Believing in something without evidence is called "religion" or "fanaticism".

Here's a couple of lines from WTO about currency manipulation:

“Members shall not, by exchange action, frustrate the intent of the provisions of this Agreement."

“Multiple currency practices can in certain circumstances constitute a subsidy to exports which may be met by countervailing duties."

"Prohibited export subsidies include “currency retention schemes” and the provision by governments “of exchange risk programs.”

[Sir Osis of Liver]

The WTO looks at tariffs, not currency manipulation. The Abe government specifically said they were using quantitative easing to boost export markets.
.

The WTO absolutely looks at currency manipulation.  As does IMF. And Japan has never been found guilty by either. So unless you have proof of guilt, you're talking out your ass. Believing in something without evidence is called "religion" or "fanaticism".

Here's a couple of lines from WTO about currency manipulation:

“Members shall not, by exchange action, frustrate the intent of the provisions of this Agreement."

“Multiple currency practices can in certain circumstances constitute a subsidy to exports which may be met by countervailing duties."

"Prohibited export subsidies include “currency retention schemes” and the provision by governments “of exchange risk programs.”

The Japanese prime minister specifically said that they were using quantitative easing to boost exports.

The WTO's response was <crickets>.
So, as in the past, they aren't looking at currency manipulation. It's too difficult to prove that it's directed specifically at trade. Apparently even when the government leader explicitly states that's what they're doing.

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