Toyota is in TROUBLE
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- čas přidán 7. 09. 2024
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Today on the Daily News You Can Use, Ray and Zach discuss the latest response from Toyota on their recall for 100,000+ engines. Tune in to learn more.
This month I leased a new RAV4 Prime with $6500 lease incentive. 10 days later the lease was cancelled and offered to purchase the car without the $6500 lease incentive . Bait and switch. I returned the vehicle with 600 miles. As disclosed to me by Toyota my FICO score is 837. Terrible sales and finance at Toyota USA.
I can only imagine the number of customers Toyota is losing for life.
Purchased on lease? Sounds like something a salesman would say.
*Nice edit 😄
? Was lease cancelled
Toyota dealers and financial are horrible. Dealers lies and now qualities are falling. I am taking my money to another company
@@thomaskim5008 Let me know which one. LOL
You have no idea how bad things are at Toyota after the American management took over nothing like when Japan ran things here in America. I have worked for toyota for 28 years now and im here to tell you we are no better then GM or Ford now because there puting profit over quality that was nor how it was when Japan ran the day to day operations.
Sad. Retired but worked closely with Toyota over many years. Toyota always put quality over profit. At the time also worked closely with Nissan, bad financial situation and put profits over quality. Refused to go along and lost a big program on the Maxima which ended with a terrible quality issue.
Toyota is losing it way in Northern America. Toyota Motor Sales sucks. Will not allow factory orders or allow any input by customer or dealer on what models and options that get delivered to the dealer.
You think the NSC is engineering the vehicles or something? I've been on the corporate side and none of the foreign auto brands are taking their marching orders from a bunch of marketers in the states. That's laughable. Toyota is just fine and many of their vehicles are the best they've ever been. A single bad batch of engines is meaningless. Suppliers drop the ball sometimes. It's not like the robots got drunk and stayed out late.
Toyota of Japan made the LX. Not Americans. Blame is with the Company.
Problem is BlackRock. They are pushing DEI and climate change. Toyota also drinks the climate change propaganda because they and the rest of the car companies support the WEF.
Unless Toyota changes, they are going away like the so called big three are going.
There's no way there are enough techs to do the replacements in any timely manner. Sub par techs will be installing engines and that will be a whole other issue.
I totally agree. Toyota service depts will suck soon. Hyuandai dealer repair was/is backed up for months
Yeah, knowing my engine was replaced in a rushed manner wouldn’t really give me peace of mind. If there’s no time limit on the recall, I’d just wait to see if my engine fails then bring it in.
Class actions are a money maker for lawyers the public gets a 3 dollar check in the mail while the lawyers share 1/3 of the pay out.
@johndeboyace7943
We lawyers get 42% of class action settlement, not one third. Class action suits are lengthy, time-consuming, and there are many billable hours trying to expose the truth and build a case that is compelling and provable. Essentially, we need to bring receipts. When we win, our compensation is justified.
Toyota charges a premium for quality. If that’s gone they are simply a rip off. Toyota better open their eyes fast.
Well, the few trucks that have been fixed, had to have the cab pulled. So, if it was my truck I would be looking to offload it since theres no way those trucks are going to be put back together just like the factory did in that amount of time.
I'm to the point of keeping my old car..putting $ into it and forgetting about buying a new one with more problems
There are a lot of us doing that in recent years. Avg American vehicle on the road is 12.6 years old.
Eventually you have to buy a new car.
I love ❤️ the Father and Son business. Makes me think 🤔 of my dad. You guys are a blessing to watch. I will always look 👀 at your shows. GOD Bless You both…
You can replace the engine in the field BUT the vehicle will not be reassembled with factory precision. Worse situation if they're using a short block and reassembling using the original heads, turbos etc. The warranty time won't be adequate. Techs will get screwed on time and / or will take shortcuts that will resuot in problems down the road. This is not a squeaks, rattles or water leak scenario. This is a $1 Billion dollar fiasco at a minimum.
Yes that’s my guess 100,000 vehicles at $10,000 each is 1 billion. That’s the best case scenario.
Guys love the show. Zach please allow and give your dad Ray coffee or any substance that gets him going. Why I say that? I absolutely love your dad going off on a subject that he knows way too much. I love Rays voice contorting to almost inhuman degrees where his voice has chance to entertaining on show, (lol) when Ray is hot about a subject he knows everything about, PRICELESS!!! Ray love your knowledge (bowing, bowing) I know nothing about selling cars, but, you sure gave me invalable education/experience you have about the subject.
You are way to kind and well, I really appreciate it. I only wish I grew as high as my voice gets when I'm excited, I would have definitely surpassed my goal of reaching 5' 7"! All the best, Ray
Hello ALL car manufactures!...Build it right the first time....NAH....That's stupid old fashion gibberish!
Fire your QC people and don't try to pass that cost onto customers.
Except that it's not a QC problem but a process engineering problem.
That would violate the most important American economic principal.
Privatized gains. Socialized losses.
QC hired by HR - HR hires cheapest warm bodies - CEO gets bonus while on trip on private jet to Masters, pops champagne Jeroboam and hires more HR because they saved so much money.
Consider how many issues are going to be caused by techs when replacing these engines. Nightmare scenario.
Bro, if I bought a Brand New truck and had to have the engine replaced I’d be PISSED
Good for Toyota for stepping up and doing the right thing by doing a total engine replacement rather than just doing a band aid fix to get it to work just long enough for the warranty to expire. I'm on my 3rd Toyota and I hope there will be a 4th.
Really? Toyota had no choice. Otherwise, the government would have forced Toyota to fix and pay a huge fine.
Keep buying Toyota and keep having to deal with repair. By the way, there is no guarantee that the replacement is going to be done correctly at the dealer, not at the factory. I am taking my money to another company.
It's not even a crate engine. They are cheaping it out and just send engines and the tech has to do about 4 days worth of work to get the replacement done. To top it all off the process is so complicated and the tech are new to this engine, they are not doing a very good job. Though no fault of their own. A friend of mine, her son is a tech. He said their crew has not been properly train ed on the job to replace engines. In the past it was a whole crate engine but not this time.
Thanks Guys! This is not 'bad news' for Toyota imo. This is Toyota confirming that they are STILL Toyota. I don't think Ray and Zach appreciate the full costs/repair difficulties for Tundra engine replacement. Allegedly, the full cost is around $32,000.00 (incl labor) to do this. THE ENTIRE CAB OF THE TRUCK MUST BE LIFTED OFF to gain access for replacement. I've also read the engine cost alone is around $19,000.00. The same source alleges that the former 5.7L V8 engine cost was $8,000.00*. Please note these numbers are from posts on Toyota (Tundra) owners message boards. It's going to sting and its going to create a ton of red ink, but I'm pleased that Toyota has finally decided that engine replacement is the ONLY proper way for the customer to be "made whole".
So, about $3.2 billion dollars to do this.
@@SeanM487 "Pain brings change." Money is their language. It would be nice to think that this incident would cause Toyota to listen more to their own technicians and customers. These recent moves to change powerplants in their most popular vehicles WITHOUT giving customers the option to choose the older reliable engine is just...stupid. It would've made much more sense to offer: "You can have the entirely new engine, or you can stay with the proven V8" for a brief period of years. This gives Toyota "breathing room" to perfect the new engines over a period of 2-3 model years before putting all the eggs in one basket.
Junk
To replace a modern engine is a job that requires some expertise. Even in a large dealership, I bet there a scant handful of mechanics who could handle these jobs.
Toyota's quality has gone down the tubes just like all the other companies
In that case it may not be Toyota, but the supplier to the part that is common in most cars.
@@dera6347Thay are trying to squeeze 1-2 mph per mandates. That's the problem
@@Zzus321NO. That is NOT the problem. Read up.
@@emiliog.4432 I work in the Industry my friend 😂
Its the govt mandates , not saftey @@Zzus321
lets not forget this would qualify these cars under most lemon law states if they cannot fix them in a reasonable time.
It seems safe to assume that major cities will have 1000+ customers to swap engines for. If each local dealership has 200 engines to replace and 10 mechanics swapping engines full-time, that will take at least 2 months. I have a feeling many people will be taking the lemon route.
There have been Tundra owners on YT stating the engine repair cost (under warranty) stating that back charges from the dealer making the repairs to Corporate Toyota being WELL north of $30 K Remember, if you replace/repair that engine the body of the truck HAS do be removed from the frame before the engine can be pulled. OUCH !!!!! Also read that as many Tundra owners tried to get in-front of the recall (i.e. trade them in), dealerships would not take them in trade for the purchase of another new vehicle... OUCH !!!!
I heard about that, this is a really bad situation for Toyota and for everyone involved.
Toyota will see mass quitting of techs now because they pay crap for warranty work. I was a Toyota tech and no one wanted to do warranty work so I can already see techs leaving before these trucks start coming in.
‘Roberta,’ my 2000 Chevy Suburban 4x4 5.3L V8 has nearly 300,000 miles behind her and still runs like new…
I saw a video recently regarding a UK Tesla model S which has covered 430,000 miles on its original motor and battery and still going strong. (it was a piece done by auto trader.)
I called it over 6 weeks ago, however i also thought they would just ship the vehicles to a facility or back to their america factory on a separate line, have the work done ship it back to dealers and have the customer come pick it back up instead of tying up the local dealer shops!
Good for Toyota!
I got a new 2001 Avalon and ended up with an oil sludge issue that roasted the engine at about 80,000 miles.
I showed them proof of oil changes and they replaced the engine for free.
Now if they can stop thinking white plastic is stylish...
Hmm, I’m still driving our 2001 Avalon with 200k miles. I know it didn’t happen with every engine.
My 12' Altima car has well over 100,000 miles with NEVER an engine or transmission issue. Hasn't used a drop of oil in 13 years on the road. Toyota normally builds a very good car but overrated in my view. Their cars are no better than my Japanese Altima car that's been bulletproof after 13 years on the road.
2000 Sienna van....18,500 miles and oil sludge. They installed the wrong PCV value on 1000s of Toyota's causing the engine to run hot. It took 8 years and a class action suit, but they would never refund me because I traded in the vehicle instead of repairing it. I've bought Hondas since! They lost a customer for life!
We have a 2003 Honda Pilot, it has 460,000 miles, our goal is 500,000 miles. 😊 They don’t build them like that any more. It’s been an awesome car
How often did you change your oil?
Dealer warranty pay is a full 33% less than customer pay. A HUGE difference. Also warranty times are determined with a group of factory technicians with all the specialized tools, laid out on a bench and a cart. With the car on a lift ready to work on, and then they do it about 20 to 50 times until they come up with the lowest possible time. Warranty work HAS to be done to get to customer pay tickets.
Toyota’s engine issue: Whoops!
It's a good career choice. Isn't it?
Left it 25 years ago and never looked back!
The problem with all the recalls, they pass that cost into new vehicles. So basically, we all pay for their mistakes.
Toyota was fine until the son took over for father. I've owned a Tundra and that truck was a tank, and now it's garbage.
I would be happy for Toyota to step up and offer to replace the engine, but.......to have dealership mechanics remove the old engine (cab removal required?), strip off the accessories, build up the new engine with those accessories (new hardware?) and reinstall it in your truck. Been thru this with Honda, had Civic engine replaced under TSB. Yup, got a new engine, also had to go over the whole engine finding loose bolts, cut mounting tabs for Cat converter, etc.. Nope, give me a new truck.
I would agree once the truck is taken apart to install a new engine it is never the same after that and usually in a bad way. In addition to that I'm giving Toyota a couple of years to watch how things progress with their 24 and 25 model year Tundras. Just to make sure the problems have actually gone away. Just in case the "debris" claim wasn't the real reason for all the trouble.
No torque wrenches! Lube up the air tools and charge those batteries guys! It only has to last 30 days! After that you won't be charged with a comeback!
I think they should replace the trucks for the owners, send all these super defective back to the factory, set up a whole line to redo these trucks, and sell them as used super $$$ (like under $30,000 deals) with a massively extended warranty on the whole truck, every component, 100,000 miles. They could get their reputation back that way.
@@pbshooter100buy a good used Tundra V8 Limited that was loved, it’s a much better deal. The dealer is always asking me if I want to sell it, super reliable, never had anything fail, ever. Just burned out the first light bulb this year, it’s a 2002 Tundra!
They are way underrating that engine replacement for labor. I saw one getting done and they literally have to pull the body off the frame. So your brand new truck has good chances of something not going right with hooking everything back up like new from factory. All bad no matter how you slice it.
The way they cram engines into vehicles these days, packing the accessories in way too tight, there's no way I would keep a 2024 vehicle long-term after they yanked the engine and replaced it.
Techs will lose 20 hours unpaid.
Pulling the cab off the frame is not a new concept.
Toyota is JUNK now just like FORD and Ram
My wife’s friend has a 24 Grand Highlander she claims it’s to small and wants a Yukon again. No local Chevy/GM dealers will take her GH on trade because all its issues no one wants them.
Literally unbelievable…not Toyota
Quick math: 100,000 engines @ $10,000/engine = $1 BILLION.
Cheap vs. slaughtering there reputation
That's a consumer price level. For a manufacturer that's batch producing them, you're probably talking about a grand each. Still a lot of money.
@jmorris023 there list price is 30k retail
Their cost is nowhere near $10,000 an engine. That said, to keep the match simple: if there was an investment of $1B upfront in engine replacement they wouldn't be paying it when all is said and done. There are suppliers to hold accountable and write-offs along with future profit from remanufactured engines. I suspect they'll wind up spending $400m tops which is a marketing budget. In other words, it's just a dent in the global balance sheet.
Better yet...build the 5.7 v8 and ZERO DOLLARS or damn close to zero
Unless Toyota extends the warranty on those motors, used market is going to crash for Tundras. Too many things can go wrong in the motor replacement process. Just nick a comm wire to a sensor, that would cause problems that you would have to pay a service tech to chase down.
I got a valuation on a new Jeep GC Summit of $46K as was looking to but one, but the dealer wanted $77K so it wasn't worth it.
It is basically an opportunity to get a brand new Tundra for cheap. Buy a used one that has not answered the recall, do not even care how many miles are on it. Once you own it, take it to Toyota so they can do the recall repair.
Good luck finding one.
Good luck getting in line to get it fixed.
I am curious how recalls ripple into vehicle depreciation. Should we expect to see a meaningful drop in wholesale prices for Tundras, Grand Highlanders, Accord 1.5T's, etc.?
It would be closer to $3,000.00/engine to replace the motors. That is unless you go to some rip-off private shop.
Installing an engine isn't like the old days two days to do it sounds good but what heck of an undertaking
lol I had a 2004 Acura MDX that had the trans replaced under warranty back in the day.
The sad truth is that the customers will absorb the cost over time..😢
Not really if you stop buying Toyota. If you stupid enough to keep buying Toyota, you deserve it.
Only if you persist in buying another Toyota…
@ouethojlkjn what's also sad is that as a new car buyer, there's not much choice with regards to a better quality manufacturer than Toyota still.
In a few months I will be turning in a lease on a Hyundai Kona N (the turbo charged one) with about 15,000 miles or so. If I want this car am I going to get ripped off on the price or should I look else where.
Plus it's dealer mechanics. Dealer mechanics know shee-ot and do shee-ot work.
100, 000 engines times 10, 000 dollars per engine ( apx ) is 1 billion dollars 😮
Plus another $150 to $200M in labor.
But what's the "real" cost? Does the engine come from Toyota at their cost? They probably have less than $1000 in each engine - I don't know. You still have shipping, labor, loaners and all that.
Loss of Japanese management here in US. American Management puts profit over quality! POS Shareholders require higher and higher profits every quarter! This drives stupid decisions by Management!
Happy Birthday ❤🎉😂. Thank you for what you do everyday!!!!!
Maybe Toyota can make things right and replace them with the right engine: the 5.7L V8 everyone wants, that is proven and reliable and what made the company a legend in reliability!
Not to mention the shipping of all those engines to be shipped to the dealers! And what about the new tundra’s that haven’t come out yet? Are those safe?? Best to stay away from Toyota!
Papa Ray, You sure raised an awesome young man. He truly is a great guy. I can see you raised him with lots of love. My hat goes off to you, Papa Ray.❤
100,000+ vehicles recall is very interesting. I don't think I'll be buying toyotas for a while. No need to buy if it's gonna be recalled
2 months later.
As another poster stated just replace the vehicle - the actual costs will f producing new vehicles is surely lower than the engine and labour as others have said
I'm amazed that Toyota put a crappy motor in their trucks. And build them in Mexico!!
If you know how payment works for techs in the auto industry you would not trust that engine replacement.
It's all the EPA and fuel millage crap being forced on car makers
Rosa Koire let it be known
GM and Ford are not replacing their V8s.
That was my first thought. We're operating five new Volvo wheel loaders and every problem we have is with the def system.
But all they have to do is spray water in the engine. 😂. Or make a hydrogen generator. 😂
@@steven4315: both brought out 2.7 L engines for full size trucks.
How can you tell from Carfax if a recall is fixed?
Just replace the entire truck - Seems like it would be faster, cheaper and make customers happy. All the bad ones fix and sell as demo or ship them to another country.
Sure, why spend millions to solve a relatively straightforward issue when you can spend billions replacing over 100,000 vehicles (and disrupt the entire supply chain while you're at it)...Yikes. Toyota will likely spend $4,000 per engine and pay 10-12 hours labor on each car. That's infinitely less expensive than replacing the vehicles.
Compelling idea. I suspect Toyota ran the math on that.
The people of the Middle East like Toyota trucks!
@@afellowinnewengland6142people are saying this job costs $30k
Toyota is also delaying the 2025 4Runners due to a parts shortage.
They did the right thing. Good to see and a confidence builder for future customers. I'm about to buy a Highlander and this is what I would want to see in the company that built my car. Standing behind their product and their customers.
It took about 3 months to get Toyota to do the recall re-paint job on my vehicle because of the labor shortage and other excuses.
covid and supply chain issues
"Paint chip shortage." lol
3 mos will become 6mos now
I would be surprised if the engine components being replaced have a manufacturing cost of more than $2,500 each (think very high degree of automation). Further, add about $2,000 for shop labor and supplies and you have less than $5K / vehicle. It’s tempting to think in terms of retail cost but it really doesn’t apply here. If I were a service shop manager I would dedicate teams of two to do this work because they could accomplish a job like this in less total hours than one working alone. This will be a huge boondoggle for the service department but unfortunately the operation will involve hundreds of additional opportunities for failure per.
As opposed to General Motors that is just waiting for the engine to fail before replacement.
13 hours to remove and reinstall an engine? GTFOH. Don't complain about a shortage of mechanics.
I know a mechanic who gets 20 hours to change a motor if the customer pays 14 if it's warranty. Try figuring that out
Since March 2023 Toyota share price has steadily climbed. And exactly one year later it reached its Highpoint. However, since March this year it has come down the other side. This latest recall will only hasten the decline?
This sucks for technicians as well. I know that warranty pays techs like half of the normal labor that customer pay repairs pay. So there are gonna be a ton of engine jobs coming into bays that pay the tech only half what it should. I would not be happy as a toyota tech or a customer.
I'm buying the current 4runner gen before it's replace by a pos!
I bought a '23 OR Premium last july and avoided the rush. I sold my low mileage '16 Trail Prem to my stepson for a good price. Good for him that is. His mother approved.
What a sad day. Toyota will lose at least 100,000 customers, whether they're long-term or first time buyers. They also revealed to the world that Toyota is no longer a strong reliable vehicle. People are losing faith in Toyota's ability to produce 500k mile engines.
first 8000 for an engine is retail. factory is maybe 2000. Tech get paid $30 hr. dealers are payed 120.00 Hr.
If I had one of these vehicles, I would ask, will I get a new warranty? Will the new engine be good?
It's an 18 hr job and because it's recall work the tech or techs will get screwed. Cuz when the 1st realizes he's being screwed he'll quit. Then enter 2nd tech to get screwed. Also most of these are in cars that won't get sold.
Hey Ray....this😮
Oooo!!!! Those Techs WILL GET REAL QUICK at that JOB!!! By the end of it all they will be getting the job done in less than 1 day!!!
Toyota tech repairman no longer worried about job security, said to be replacing engines for the next decade!🤣🤣
A costumer, after warranty
would have to pay $28000 for a new engine(3.4 v6 turbocharged) and $6000 for removing and replacing.
Toyota should buy they out and part out the old viehicke just like the insurance companies do.
I have the popcorn ready to watch all these new CZcams videos in the next year The people who got engines replaced and their trucks run like shit
At $15,000 per engine and cost to replace it is $1.5 BILLION for toyota to replace these engines. Probably more than this, is my guess.
Any time a stock starts falling, the lawyers start lawsuits. Nike and UPS are also getting sued right now. The companies have insurance for this.
So was it design or build quality? Did they swap out pieces that they believe were wearing too soon?
Ray may remember that Lexus had a warranty issue with the original LS400, and handled it so well that word spread about Lexus customer service. If Toyota is smart, the company will use that as the lesson in how to handle this situation.
Zach for your birthday I hope a Saudi benefactor sponsors caredge! I know how much your dad would love it!!
The cost of the recalls will be added to the cost of 25/26 or later models. They are not paying. The customer is.
Toyota USA is already charging as if this happened in 2018. That's the insult of losing an engine in your brand new Tundra (after having paid $60k to $75k for it).
So glad I bought my Ford Maverick. Built Ford Tough- in Mexico.
The number of affected engines may increase. Some of us have LX or Tundra vehicles sold in early 2024 but manufactured in 2023 which may be impacted also. I am delighted to own a Lexus/Toyota as they stand behind their products!
If $5,000 per engine, which is way low I believe, it is $500,000,000. If engines are $10,000 each, it is an even $1,000,000,000
From what I have seen from complete engine replacements on third gen Tundras already (pre-recall announcement), the dealer is reporting on the paperwork given to customers a total of about $30-$32k and about 20 hours labor for the kind of replacement Toyota just confirmed as their solution (i.e., a "long block" replacement including everything that engine oil touches). Now that's sort of like the retail price vs. the unknown manufacturer price, so we will likely never actually know what this will cost Toyota, but it won't be cheap. That said, there have been much bigger recalls from other manufacturers, even in recent years, so this won't be catastrophic for Toyota by any means. Still pretty bad for them.
A total engine swap involves a "cab off" repair where the truck cab is unbolted from the frame and lifted off. This is, in fact, the way nearly every full-size pickup is designed today and it was done this way as it's actually faster and simpler to do this than it is to pull the engine out through the top of the engine bay the way it used to be done 10-20 years ago and before. Also, a long-block replacement is far simpler and faster than a "short block" replacement (which reuses most of the original truck's engine parts other than the block itself and a few other components). Because of this, I have been told that it doesn't require as much skill on the part of the mechanic and "any mechanic worth his salt" can do a total engine swap a lot more easily and reliably, with fewer problems, than a short block swap since it doesn't require unbolting and reinstalling water pumps, engine heads, etc.
According to more than one Toyota service mechanic I have heard from, warranty work pays considerably less than customer work, not necessarily because of the per-hour rate, but because the warranty work usually far underquotes the number of hours needed to complete the work. They may get paid only 8 hours for one sort of repair when that work actually takes 14 hours. The mechanics in dealer service centers HATE doing warranty work because of this. Incidentally, one local Toyota mechanic at the largest dealership in the region has mentioned that they've had to replace dozens of Tundra engines already under warranty for this very issue even before the recall announcement. It was a well known problem to the service techs already. Because this is about all he has been working on lately, his take home pay has dropped to about 60% of what it was a couple of months ago despite working more hours simply because of the above mentioned discrepancy between permitted hours and actual hours required to complete warranty work on these major repairs.
Lastly, people forget that the 5.7L V8 in the previous generation Tundras also had major engine issues/recalls in its first few years numbering a comparably large number of vehicles. They weren't having to swap entire engines, but they were failing and stranding owners. In 2016, Toyota had to pay about $3.4 billion to fix/replace rusted frames in Tacoma, Tundra, and Sequoia trucks as well. The 2007-2010 Tundras are ones to avoid because of all the recalls (dozens and dozens) in those years, but these problems were gradually resolved, and they are now considered reasonably reliable. The first gen Tundra with the 4.7L V8 is the best generation for reliability so far.
We won't know how these latest Toyota models fair for at least another 5-10 years. Then you can decide if they are reliable enough. In the meantime, good luck finding a full size truck from the big three that does any better. They all seem to suck in terms of reliability right now.
You say that it will be their 'A' techs that will work on this....... I had a GM product that had a transmission TSB, the car was worse AFTER the service than before. GM would never admit their mistake, I had to trade in the car. Bottom line, the techs are more concerned about trying to beat the time alloted to doing the job then doing the job right! (My experience)
Has this affected any iforce max engines?
This is bad but they'll recover from this, they're still on top as far as customer satisfaction is concerned. Now if the quality continue to slip after this then start worrying.
The wild thing about Toyota, they have more debt than any company on earth. It's something like $260 billion worth of debt.
They aren't as strong as people tend to believe.
Toyota has been slipping for a while now. There is a pattern with them of slipping quality. They are no longer better than the rest.
They make half their normal rate on warranty jobs, not "slightly less". That's why any tech who wants to actually make a living does a half ass job on warranty repairs, or not at all, to just get the car out of their bay and onto the next sucker when the car is brought back because it wasn't repaired correctly the first time.
And then there are the minority of techs who actually care about what the customer is getting.
@@NVRAMboi Those leave dealers as soon as they can, then the guy that was washing cars last month replaces him.
I can see that happening for sure
I think Toyota gets a discount on the engine, parts and labor.
Good for Toyota. That is why Toyota has previously had such a cult like following for it's quality, durability, and reliability. Hopefully the Tundra's can be fixed professionally and quickly enough. I also hope Toyota found the true root cause and has fixed it. But at least Toyota took care of their customers, unlike other manufacturers.
Yep, compare this to what Kia has done to their customers with the missing immobilizer and excessive insurance costs.
How many other manufacturers had to replace 100k high-end engines. Grow up
What are you going on about? It’s a safety recall they had no choice. No matter what manufacturer it wouldn’t make a difference. The big three have and will always replace engines under warranty based on the situation. Don’t act like Toyota came out on top. They were also falsifying documents.
Toyota net worth as of July 23, 2024 is $270.55B. The cost is just a minor annoyance to them.
Great job folks. My favorite youtubers still kicking butts!
How come you guys do not mention VW in particular the Jetta which has been a very good deal for a while now and you can still get a manual if you want to.
Root cause: gas mileage mandates forcing OEMs to replace known-good designs with new technology.
The techs are going to clean up on this one, because once they've changed out 2 or 3 they are going to get much faster after that but will still get paid the 13 to 20 hours for their time.
Toyota has done 45.1T in revenue and 4.94T in profit for 2024. This is chump change for them. Also, they will likely ship out a small number of new engines for replacement, take the defective engines, tear them down, remove the debris, then rebuild them. This will save them a lot of $$.
Has anyone determined if any of the 2024 engines were affected. I wonder when Toyota discovered and fixed the manufacturing issue?
No, the new Tundra engine is $35k! The 5.7 is about $8k. So 3billion500million. As a Tundra 5.7 owner I tried to warn off buyers but they wouldn't listen. Now they are crying in their beer.
lmao it's not 35k
@@HarryTwatter The full turbo six is $35k. Actually I stand corrected. The cost is $32k from what I read. They have to lift the body off the frame. The labor cost is high. I own a 2007 Crewmax Limited with the 5.7. A very solid engine. I would not buy a turbo six Tundra. So I am looking at other options. And no, not getting a Ford ecoboost either. Sticking with a 8 or if Ford brought back the six from the early seventies I'd take that. Ours back then was tough. They are ruining the Tacoma also.
1-3 billion depending on the cost of the engines
What about 2024 Vensa Limited or xle Hybrid made in Japan ? Please advise. Anyone!
I have a 2023 Venza XLE. Got it last September and love it. No issues so far. Much better than my RAV4. Better interior, quieter and smoother ride. It has been discontinued in the U.S. after this year. They are still making them but not sending anymore over here. They are sending the more expensive Insignia over to replace it.
Engines aren’t that expensive for the manufacturer, they don’t pay retail. We can replace an engine in a VW atlas in 6 hours and the engine cost about 1200
But you don’t have to lift the whole cab off…
I think used car dealerships will shrink and consolidate. Gone will be the way of only floor plan to pay for all of your inventory for used cars. Either dealerships will be big franchises or pay for their cars all in cash like Brandon.