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Toyota U.S. boss says 'auto industry is gaining momentum'

Detroit News -- Toyota Motor Corp.'s top U.S. executive touted the automotive industry's promising future, citing pent-up demand and increased research and development throughout the industry.

Jim Lentz, president and CEO of Toyota Motor Sales USA, the keynote speaker to kick off the Los Angeles Auto Show, said a growing economy, falling unemployment rate and rock-bottom interest rates are a sign the industry should continue to improve following the recent auto crisis.

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

Light-vehicle sales this year through October are up 13.8 percent, according to Autodata Corp., but some automakers are faring better than others.

For example, Toyota's U.S. sales are up 30 percent this year through October and t

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Submitted Nov 29, 2012 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Dec 2, 2012 12:22:06 AM Ignore honda0105 Report Abuse good for Toyota. Not sure it's happening though.
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Nov 30, 2012 11:50:01 PM Ignore jkpsr Report Abuse For the Japanese.
dylan126 Champion Author Cleveland Posts:4,410 Points:591,870 Joined:Sep 2011	Message Posted: Nov 30, 2012 6:12:09 AM Ignore dylan126 Report Abuse if anyone wishes to believe this this lie..... "said a growing economy, falling unemployment rate and rock-bottom interest rates are a sign the industry should continue to improve following the recent auto crisis."
dudleydolittle Champion Author Cleveland Posts:4,410 Points:588,045 Joined:Sep 2011	Message Posted: Nov 30, 2012 6:04:47 AM Ignore dudleydolittle Report Abuse "said a growing economy, falling unemployment rate and rock-bottom interest rates are a sign the industry should continue to improve following the recent auto crisis." this was a joke yesterday and still is today.........
tomok Champion Author Portland Posts:32,927 Points:2,342,585 Joined:Aug 2006	Message Posted: Nov 30, 2012 5:40:40 AM Ignore tomok Report Abuse Toyota U.S. boss says 'auto industry is gaining momentum' – really? It's cheaper to build Toyota's in the US and not in Japan? More Toyota's in the US? 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too! Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Big Oil producing fuel in 'off line' mode when the refinery is performing maintenance or an upgrade at the same time. The refineries own emissions data proves what was happening during those upgrades and maintenance periods. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
millerin Champion Author Orlando Posts:2,295 Points:478,440 Joined:Jan 2012	Message Posted: Nov 30, 2012 12:49:19 AM Ignore millerin Report Abuse will see
CDMAuto Champion Author Connecticut Posts:3,778 Points:750,990 Joined:Apr 2011	Message Posted: Nov 29, 2012 7:50:37 PM Ignore CDMAuto Report Abuse Go Toyota
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Nov 29, 2012 7:21:30 PM Ignore melvindale Report Abuse Its about time!
carloco75 Champion Author Richmond Posts:3,706 Points:597,540 Joined:Oct 2010	Message Posted: Nov 29, 2012 7:09:44 PM Ignore carloco75 Report Abuse I wonder if the resent storms are "Driving" the need for new cars... [Edited by: carloco75 at 11/29/2012 7:10:32 PM EST]
Bookieecon Veteran Author Georgia Posts:286 Points:107,825 Joined:Aug 2012	Message Posted: Nov 29, 2012 7:03:03 PM Ignore Bookieecon Report Abuse After the seasonal workers are let go, the first 2-3 months of the year is the hiring freeze period. You can expect unemployment claims to go up. Which will cause all the media to focus on the doom and gloom. Let's hope the banks loosen the credit some for business to expand. Money supply is up but, flow is down. The auto industry has got to keep giving incentives to the consumer to buy.
Paw5X Champion Author Gary Posts:9,888 Points:2,264,505 Joined:May 2005	Message Posted: Nov 29, 2012 6:55:08 PM Ignore Paw5X Report Abuse Ain't that nice!
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Nov 29, 2012 6:52:36 PM Ignore Romey08 Report Abuse Folks replacing those gas guzzlers is a good thing
SoutheastdannyB All-Star Author Grand Rapids Posts:590 Points:581,880 Joined:Jul 2007	Message Posted: Nov 29, 2012 6:51:46 PM Ignore SoutheastdannyB Report Abuse encouraging
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: Nov 29, 2012 6:48:50 PM Ignore spiderjay Report Abuse just coasting down hill
THX138 Champion Author San Francisco Posts:2,544 Points:1,010,985 Joined:Apr 2010	Message Posted: Nov 29, 2012 6:48:44 PM Ignore THX138 Report Abuse What?
hank1326 Champion Author Los Angeles Posts:8,898 Points:1,730,035 Joined:Jun 2008	Message Posted: Nov 29, 2012 6:46:01 PM Ignore hank1326 Report Abuse How about more low cost options?
unloquacious Champion Author Indiana Posts:2,668 Points:1,036,415 Joined:May 2005	Message Posted: Nov 29, 2012 6:43:28 PM Ignore unloquacious Report Abuse "pent-up demand" now that's an interesting concept...
DrZNY Champion Author Albany Posts:2,549 Points:822,735 Joined:Jan 2009	Message Posted: Nov 29, 2012 6:41:16 PM Ignore DrZNY Report Abuse Yeah, good thing Romney didn't win, he was against the auto bailout, but he made money by holding us taxpayers hostage on the parts made by one of his funded suppliers (Delphi)?
Caribou2011 Champion Author Ohio Posts:3,751 Points:765,910 Joined:Feb 2011	Message Posted: Nov 29, 2012 6:41:03 PM Ignore Caribou2011 Report Abuse Hope they have the brakes and floor matts fixed.
heysailor Champion Author Pittsburgh Posts:9,567 Points:2,329,645 Joined:Mar 2006	Message Posted: Nov 29, 2012 6:39:22 PM Ignore heysailor Report Abuse Build cars with fuel cells and it will gain more momentum
iamforiu Champion Author Indiana Posts:3,555 Points:707,740 Joined:May 2011	Message Posted: Nov 29, 2012 6:39:13 PM Ignore iamforiu Report Abuse same old
Ram4Sam All-Star Author San Bernardino Posts:879 Points:544,545 Joined:Nov 2008	Message Posted: Nov 29, 2012 6:38:51 PM Ignore Ram4Sam Report Abuse Keep drinking the kool aide......
Muskie78 Sophomore Author Ohio Posts:172 Points:39,500 Joined:Oct 2012	Message Posted: Nov 29, 2012 6:36:13 PM Ignore Muskie78 Report Abuse cool
arcaneradio Champion Author Michigan Posts:2,511 Points:489,005 Joined:Dec 2010	Message Posted: Nov 29, 2012 6:34:05 PM Ignore arcaneradio Report Abuse How about an increase in momentum on U.S. owned manufacturers?
hmw10284 Champion Author California Posts:1,117 Points:193,225 Joined:Sep 2012	Message Posted: Nov 29, 2012 6:33:48 PM Ignore hmw10284 Report Abuse not all is at it seems
wz Champion Author Twin Cities Posts:2,474 Points:1,274,390 Joined:Feb 2009	Message Posted: Nov 29, 2012 6:27:24 PM Ignore wz Report Abuse Realize that the year-to-year comparisons are against unusually low demand following the cash-for-clunkers program that shifted last year's demand to the previous year (at a cost of billions of taxpayer dollars). They should follow demand trends since 2007 (before the crash) to see where the recovery really stands.
DancingDee Champion Author Gary Posts:4,375 Points:1,055,110 Joined:Jul 2005	Message Posted: Nov 29, 2012 6:25:55 PM Ignore DancingDee Report Abuse That's good.
carefrey Champion Author Orlando Posts:5,515 Points:1,155,485 Joined:Sep 2009	Message Posted: Nov 29, 2012 6:20:13 PM Ignore carefrey Report Abuse I am trying to stick with American made!
jellybelly72 Veteran Author San Bernardino Posts:451 Points:297,805 Joined:Jul 2011	Message Posted: Nov 29, 2012 6:17:21 PM Ignore jellybelly72 Report Abuse I'm still trying to pay for the ones I have already
slowpoke63 Champion Author Louisiana Posts:2,722 Points:883,965 Joined:Jul 2009	Message Posted: Nov 29, 2012 6:16:42 PM Ignore slowpoke63 Report Abuse I have a 10 year old Dodge pickup and a 3 year old Toyota van. Given that we drove the predecessors 15 years, I won't be getting another any time soon!
aarrrt Champion Author San Diego Posts:7,257 Points:1,648,565 Joined:May 2008	Message Posted: Nov 29, 2012 6:16:05 PM Ignore aarrrt Report Abuse Do it before the new taxes kick in.
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Nov 29, 2012 6:15:54 PM Ignore EmperorsFinest Report Abuse I still cannot afford a new car!
naspa Champion Author Cleveland Posts:1,256 Points:349,225 Joined:Jan 2012	Message Posted: Nov 29, 2012 6:13:04 PM Ignore naspa Report Abuse Who the he'll is buying these new cars cuz I don't know anybody for 5 years that got one!
pmarsch Champion Author Wisconsin Posts:40,163 Points:1,629,390 Joined:Nov 2005	Message Posted: Nov 29, 2012 6:12:04 PM Ignore pmarsch Report Abuse To many recalls & very boring looking. Can't trust them! Why would anyone buy one?
slowtrain Champion Author Georgia Posts:3,652 Points:945,975 Joined:Aug 2008	Message Posted: Nov 29, 2012 6:11:34 PM Ignore slowtrain Report Abuse With cars priced so high I don't see anybody can afford a new one.
kuma2000 Champion Author Honolulu Posts:3,203 Points:670,150 Joined:Jun 2011	Message Posted: Nov 29, 2012 6:10:39 PM Ignore kuma2000 Report Abuse I guess I will be adding to that momentum as I will be purchasing a new vehicle early next year.
Elaine4411 Champion Author Pennsylvania Posts:1,633 Points:460,315 Joined:Dec 2011	Message Posted: Nov 29, 2012 6:07:45 PM Ignore Elaine4411 Report Abuse I'll not be in the market for a new vehicle anytime soon. My car runs just fine.
SUPERQUACK Champion Author Sacramento Posts:6,106 Points:1,907,830 Joined:Jun 2007	Message Posted: Nov 29, 2012 6:04:07 PM Ignore SUPERQUACK Report Abuse DOUBT IT..... NO ONE HAS ANY MONEY
humblepie Champion Author Toledo Posts:34,086 Points:2,368,445 Joined:Mar 2006	Message Posted: Nov 29, 2012 6:00:35 PM Ignore humblepie Report Abuse and neither company recieved obamabux i believe, amazing
GNo1 All-Star Author Nashville Posts:905 Points:378,680 Joined:May 2011	Message Posted: Nov 29, 2012 5:49:49 PM Ignore GNo1 Report Abuse Sure.
sit Champion Author Cleveland Posts:5,185 Points:1,929,545 Joined:Feb 2006	Message Posted: Nov 29, 2012 5:45:19 PM Ignore sit Report Abuse sure. Look where their stocks are.
snerd All-Star Author Pennsylvania Posts:930 Points:652,075 Joined:May 2005	Message Posted: Nov 29, 2012 5:42:34 PM Ignore snerd Report Abuse Doubt it, not with the economy the way it is.
slvrdo_dsprdo Champion Author Nashville Posts:4,681 Points:909,990 Joined:Jul 2008	Message Posted: Nov 29, 2012 5:42:03 PM Ignore slvrdo_dsprdo Report Abuse "falling unemployment rate" Falling how? It's the same as when Obama took office, and seems more likely to go up than down at this point.
jamie12704 All-Star Author Minnesota Posts:565 Points:135,640 Joined:Sep 2012	Message Posted: Nov 29, 2012 5:40:54 PM Ignore jamie12704 Report Abuse Ford makes a better one !
neemund Champion Author Seattle Posts:6,536 Points:1,542,595 Joined:Jan 2007	Message Posted: Nov 29, 2012 5:40:11 PM Ignore neemund Report Abuse My pickup is only 19 years old so I see no reason to trade it in.
Dsin44 Champion Author Abbotsford Posts:1,270 Points:271,670 Joined:Apr 2011	Message Posted: Nov 29, 2012 5:40:06 PM Ignore Dsin44 Report Abuse might buy a Toyota next.... have botton my ---d
Ready Eddie Champion Author Twin Cities Posts:5,761 Points:1,340,820 Joined:Feb 2003	Message Posted: Nov 29, 2012 5:37:44 PM Ignore Ready Eddie Report Abuse A good company making great vehicles. Go Toyota.
paulweb All-Star Author Ohio Posts:806 Points:353,270 Joined:May 2011	Message Posted: Nov 29, 2012 5:36:49 PM Ignore paulweb Report Abuse People still hanging on to their vehicles because of economic uncertainty. But that's what was voted on.
Tnerbeel Champion Author Houston Posts:8,809 Points:1,745,160 Joined:Mar 2007	Message Posted: Nov 29, 2012 5:36:39 PM Ignore Tnerbeel Report Abuse And what Toyota says lost just a tad bit of credibility back when they blamed floor mats for their acceleration problem.
silvershark69 All-Star Author Minnesota Posts:994 Points:375,990 Joined:Dec 2011	Message Posted: Nov 29, 2012 5:33:52 PM Ignore silvershark69 Report Abuse Moving Forward