Toyota Facing Possible Triple Damages in Consumer Resale Value Suits

March 18, 2010

  • March 18, 2010 at 7:02 am
    Mrs. Brandon Keenan says:
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    You’re an idiot Honey, but I still love you! Just because my GMC has been in the shop once since we bought it and your Toy has been in 6 times +, don’t get all judgemental and take out your anger on these nice folks. Buy American, I did and Love it!

  • March 18, 2010 at 7:11 am
    Baxtor says:
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    I’ve never heard so many America bashers in one forum before. I guess I usually don’t look for people bashing my own country on-line. Here’s a thought, if you don’t like the USA, then move to Japan. And on a side note, if you buy only foriegn products, what will the USA be in a few years? China 2?? We can’t pay China back now, just think when we have no businesses here and no jobs and we are taxed 100%. Then you would have wished you took my advice now and moved to Japan!

  • March 18, 2010 at 1:29 am
    John says:
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    “diminution in value” is a concept that isn’t recognized by all states. It is an argument that vehicle owners use when their car has been repaired in a body shop. They whine because they think their trade in value will be less. It probably will be but that’s life. The concept also “assumes” the owner will try to offload the vehicle when it’s still relatively new. On older cars it makes little difference as the values stabilize.

    Problem is, nobody can forecast how much, if any value, will be lost until the owner sells or trades the car. People who haven’t experienced a problem by now probably won’t. They don’t deserve any “Disneyland Money”.

  • March 18, 2010 at 1:33 am
    Brandon Keenan says:
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    Really, Toyota has delivered top resale for 30 plus years, wheras American car mnfrs have delivered over priced crap. You notice they never mention resale value in any of their commercials. Thats because we know how soft the secondary mkt is for their cars.

  • March 18, 2010 at 1:35 am
    Claims guy says:
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    All true. Also, couldn’t treble damages be considered punitive and therefore not covered under policies in many states? It never ceases to amaze me that people who join these bogus class actions don’t realize the only people making money from them are the lawyers. The sleazier members of the plaintiffs’ bar certainly don’t waste any time filing them as soon as there’s the slightest hint of anything even remotely actionable.

  • March 18, 2010 at 1:59 am
    DJ says:
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    What’s a 100 lawyers at the bottom of the ocean????

    A good start!!

  • March 18, 2010 at 2:20 am
    Eli says:
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    You can bet the hired guns for the american auto manufacturers and the autoworkers union are piling on to cause as much bad press for Toyota as possible in hopes people will forget about how all failed miserably. During his recent appearance before the senate, the president of Toyota should have told the Washington pus bags to piss off and solve their own problems. Toyota coined the concept of Total Quality, a concept this country never did. It will fix it’s problems and hopefully come back to bury american competition.

  • March 18, 2010 at 2:34 am
    Mike says:
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    Punitive damages or not, i don’t think they have coverage for these types of claims as the GL policies exclude property damage to your product.

  • March 18, 2010 at 2:52 am
    Chad Balaamaba says:
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    hey, I’m in the market for a car, and I thought this would be a great time to pick up a Toyota on the cheap…but from what I’ve seen, the prices have only declined about 2% on average…so it appears this is a media made issue where the majority of people are not ditching the product; I know Toyota owners; they consider this bunk; I’ve been in the auto insurance claims bidness for 20 years…do you know how many claims I’ve seen (for all brands!) where the driver hits the gas instead of the brake! Never felt the need to keep count, but this happens allot more than people want to admit…

    remember, if an evil Toyota accelerator sticks on you, you can still:
    1. hit the brake…hard if necessary
    2. place the veh in neutral, or downshift and let the tranny drag slow you down
    3. turn it off at the ignition
    4. hit one of the buttons on the steering column, use the one that make the circular saws come out, so you can cut thru anything in your path before you remember to try steps 1, 2, or 3 above
    5. since you’ve reached step 5, you are really desparate, so slam the vehicle in park while jamming the parking brake on full…the transmission may fly out but the vehicle will eventually come to a stop…true, the dealer probably won’t want to cover the engine/tranny damage, but you’ll still live to talk about the first 4 steps not working for you…
    6. stop looking at your GPS, and remember, right pedal gas, left pedal brake…usually the wide pedal…if you have a stick shift…use it and push the brake in again…
    7. At this point, we’ve reached the conclusion you simply are involved in this because you desparately are seeking attention; perhaps you have not had your 15 minutes of fame…perhaps it’s a slow news day and they’ll want to interview you on local tv…this is your chance for a semi high speed car chase…get the police to follow you around for about 20 minutes…(be sure to turn off the portable dvd player you’ve been watching, but if you have one of those portable tv’s, don’t turn it off before you’ve seen yourself…if they get a tight shot of you…wave and say “hi Mom!”)…then prepare the the police to kindly help you stop your runaway train…
    8. no, you cannot sell your personal story to the producers of “Speed”…maybe you’ll get a shot at being on Jerry Springer, however.
    9. go ahead and remove your foot from the gas pedal…now use the brake pedal. Whew! Lather, rinse, repeat.

  • March 18, 2010 at 3:10 am
    LARRY LOGIC says:
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    WHY ARE YOU US CITIZENS NOT UPSET THAT OUR AUTO UNIONS SUPPORT INFERIOR US PRODUCTS, AND HIRE LAWYERS TO SUE TOYOTA?



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