Toyota Dealers Invest $3.3 Billion in Dealership Improvements
11-04-09, 03:04 PM
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Toyota Dealers Invest $3.3 Billion in Dealership Improvements
http://pressroom.toyota.com/pr/tms/t...on-111851.aspx
This is a good sign, if dealers are willing to invest in new dealerships even during this economy.
Torrance, Calif., Oct. 28 2009 – While the auto market is going through one of its worst downturns in years, Toyota dealers are putting their money on the future.
So far this year, Toyota dealers have invested $800 million in new facilities designed to meet the high expectations and growing needs of customers. Over the past five years, they have laid out $3.3 billion in dealership improvements and have committed another $2.2 billion in the next two years.
“An investment of this magnitude is a strong indication of our dealers’ confidence in Toyota products, as well as their long-standing commitment to meet customer expectations,” said Ernest Bastien, vice president of retail market development for Toyota Motor Sales, USA, Inc.
Currently, 400 dealers, or 33 percent, have completed all-new state-of-the-art facilities, with another 200 onboard to open new dealerships by 2012.
In support of Toyota’s environmental leadership, some dealers are constructing new facilities that conform to the strict standards of the United States Green Building Council and their LEED certification program. Pat Lobb Toyota in McKinney, Texas, which opened in 2006, became the nation’s first LEED certified automobile dealership.
So far this year, Toyota dealers have invested $800 million in new facilities designed to meet the high expectations and growing needs of customers. Over the past five years, they have laid out $3.3 billion in dealership improvements and have committed another $2.2 billion in the next two years.
“An investment of this magnitude is a strong indication of our dealers’ confidence in Toyota products, as well as their long-standing commitment to meet customer expectations,” said Ernest Bastien, vice president of retail market development for Toyota Motor Sales, USA, Inc.
Currently, 400 dealers, or 33 percent, have completed all-new state-of-the-art facilities, with another 200 onboard to open new dealerships by 2012.
In support of Toyota’s environmental leadership, some dealers are constructing new facilities that conform to the strict standards of the United States Green Building Council and their LEED certification program. Pat Lobb Toyota in McKinney, Texas, which opened in 2006, became the nation’s first LEED certified automobile dealership.
11-04-09, 04:12 PM
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This secures Toyota's position as the number one automobile manufacturer in the whole entire world and I hope Toyota gets better at it and improves with better technologies...Go Toyota!!!
11-04-09, 04:30 PM
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11-04-09, 04:33 PM
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11-04-09, 08:02 PM
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All our Toyota dealers are new around here or have been recently renovated (with maybe 1 exception). The Lexus dealers are the ones that need renovations...although that is getting under way as well for at least 1.
11-04-09, 08:14 PM
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Lexus dealers are also undergoing a program to extensively renovate their facilities. Near my area, there is actually a lavish Lexus dealership that they built just a few years ago.
11-05-09, 04:34 PM
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Around me, the local Toyota dealer looks like a blast from the past. Walnut Creek Toyota bought out a body shop that went out of business and used that for their used car/Scion showroom. Concord Toyota built a new facility, and Lexus of Concord is in the process of renovating the former Audi/Kia/Lincoln dealer next door.
11-05-09, 04:38 PM
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. Notice it ALSO SAYS:
So far this year, Toyota dealers have invested $800 million in new facilities designed to meet the high expectations and growing needs of customers. Over the past five years, they have laid out $3.3 billion in dealership improvements and have committed another $2.2 billion in the next two years.
I doubt this press release includes Lexus dealers; they are undergoing their own renovation programs.