Toyota, Auto Industry 'Gaining Momentum'

Consumers are regaining confidence in the American economy and no one can tell better than the auto industry, which suffered greatly during the recession. But automotive companies, especially Toyota, are picking up steam as was announced by Toyota’s U.S. executive, Jim Lentz, at the L.A. Auto Show.

"The auto industry is gaining momentum," Lentz proclaimed Wednesday. "The forecast ahead looks even better."

Locally, Burien Toyota has noticed a pick-up in business, too.

“Absolutely people are buying cars, especially Toyotas,” said Nathan Ayers of Burien Toyota. “Things are still a little shaky for some people, so when people invest money in a new or used car, they want to know they are getting a good, quality car that will last a long time. That’s why Toyota is doing better then most other brands.”

According to this Detroit News article, “For example, Toyota's U.S. sales are up 30 percent this year through October and the automaker's market share has risen nearly two full percentage points following last year's production shortage as a result of a devastating earthquake and tsunami in Japan.

Ford Motor Co., General Motors Co. and Chrysler Group LLC sales have also jumped year-over-year, but to a lesser extent.”

And it’s not just Toyota’s executives that are optimistic: "I'm not sure I've ever seen the auto industry so upbeat," GM's Mark Reuss told CNBC's Phil LeBeau.

Ayers encourages anyone who is considering buying a car to do what is comfortable for them in their situation, but not to let any concerns about the auto industry scare them away from local dealerships like Burien Toyota.

“Toyota was never affected by the recession like some other companies were, so it only makes sense that Toyota would lead the pack in the recovery,” Ayers said.

If you are looking for a new or used car, come try Burien Toyota’s amazing, no-pressure customer service! Stop by today!