Toyota Damaged by Recall Woes, Poll Says

[Omaha Steve]

Source: The Street

By Andrea Tse

NEW YORK (TheStreet) -- Despite evidence that Toyota(TM Quote) might be recovering faster than expected from its massive recalls, users of TheStreet aren't convinced that that the automaker will be out of the woods anytime soon.

We asked users of TheStreet in a weeklong poll comparing Toyota and Ford(F Quote) whether the "purchase intent" figures from Edmunds.com -- which showed that Toyota's purchase intent, which had fallen from 13.9% to 9.7% during the height of the recall frenzy, had rebounded to 12.2% by Feb. 12 -- were an indication that Toyota would be able to weather the storm from its recall woes, and fend of the advances of Ford.

Most users of TheStreet say no.

Indeed, only about 22.9% of respondents say they believe Toyota's standing as the world's largest automaker is ironclad, while a whopping 77.1% of them say they think that the repercussions of Toyota's mistakes will be enough to knock the company from its perch as the world's #1 automaker.


Read more: http://www.thestreet.com/story/10685610/1/toyota-damaged-by-recall-woes-poll-says.html?cm_ven=GOOGLEN

[Brickbat]

1. Anyone for Schadenfreude Pie?

Why, don't mind if I do, thanks...

http://whatever.scalzi.com/2006/09/26/how-to-make-a-schadenfreude-pie/

[Yurovsky]

3. Glad I own a Ford...

Escape Hybrid, to be exact.

[customerserviceguy]

2. A few rebates, and Toyota will be back to normal

In the meantime, Hyundai will pick up sales. They used to make tinny little crapboxes in the Eighties, they've since learned and are where Toyota used to be during the Ninties, and where Detroit used to be during the Fifties.