agent Entrepreneur logo
MenuMENU
SearchSEARCH

Edmunds.com: Toyota Already Recovering from Recall

February 4, 2010
2 min to read


SANTA MONICA, Calif. — Edmunds.com has noticed that Toyota purchase intent has risen dramatically since the company announced a fix for its recall.

“Toyota purchase intent fell from 13.9 percent of Edmunds.com car shoppers to 9.7 percent during the height of the recall frenzy,” said Edmunds.com Senior Analyst David Tompkins. “Toyota purchase intent is back to 11.8 percent and seems to be climbing steadily.”

Ad Loading...

Where do Toyota competitors currently stand?

  • Honda gained the most purchase intent at Toyota’s expense, increasing by 1.1 percentage points

  • Ford purchase intent rose .8 percentage points

  • Hyundai and Mazda purchase intent each rose .7 percentage points

  • Nissan purchase intent rose .4 percentage points

  • Volkswagen purchase intent rose .3 percentage points

  • Chevrolet and Subaru purchase intent each rose .2 percentage points

“The Toyota recall stopped sales for about 55 percent of the company’s models, causing its monthly sales to drop below 100,000 for the first time since January 1999,” noted Edmunds.com Senior Analyst Ray Zhou. “However, we expect that Toyota will make a full recovery fairly quickly. And Toyota dealers may enjoy higher profit margins as they will have less inventory to offer because of the production stoppage while the company will likely boost demand through brand-building goodwill incentives.”

What about Toyota prices today?

"Affected Toyota's trade-ins have taken about a 10 percent hit in value; dealers will take them at a lower price because of the uncertainty even though many of them will end up enjoying a higher profit margin when they sell them in a few weeks after the recall issue is resolved,” according to Edmunds.com Analyst Joe Spina.

Ad Loading...

“For unaffected vehicles, if there is an equal competitor in the marketplace – like the Honda Odyssey competes with the Toyota Sienna - there is as much as a three percent decrease in value for the Toyota today, but for vehicles without a direct competitor like the Toyota Tacoma we aren’t seeing any change in value. Once the recall is resolved, Edmunds.com anticipates Toyota prices will rebound quickly," Spina added.

Edmunds.com defines "purchase intent" as the measure of actual buyer interest reflected by pricing research, vehicle configuration and other focused steps. Purchase intent has a strong correlation to sales. The data reflects share of total Edmunds.com traffic engaged in purchase intent activity.

More Industry

Photo of MINI nameplate on the hood of a white MINI Cooper
Industryby Hannah MitchellJuly 23, 2026

Autos More Appealing

Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.

Read More →
red car parked in front of a sunset, The Used Market Divide, Agent Entrepreneur
Industryby Lauren LawrenceJuly 23, 2026

Used EVs Defy Overall Market

While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.

Read More →
Photo of a retriever dog looking out of an open SUV window with a yellow Peugeot headrest on the top of the window below it
Industryby Hannah MitchellJuly 16, 2026

Gone to the Dogs

A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.

Read More →
Ad Loading...
Aerial shot of a car dealership
Industryby Hannah MitchellJuly 13, 2026

OEM Poll Sees Industry Evolution

Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.

Read More →
Foreign Cars Italia dealership store in front of sunset
Industryby Hannah MitchellJuly 2, 2026

Luxe N.C. Dealerships Change Hands

A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.

Read More →
inside of car, person with hands on black steering wheel
Industryby Lauren LawrenceJuly 2, 2026

Exposure Drives Interest in Chinese Cars

At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.

Read More →
Ad Loading...
Woman's hands holding an wallet empty of cash
Industryby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Rob Mancuso sitting in a chair on stage
Industryby Hannah MitchellJuly 1, 2026

Agent Advocate

Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.

Read More →
Photo of a touchscreen on a car's dashboard
Industryby Hannah MitchellJune 25, 2026

Driving Under Distraction

Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.

Read More →
Ad Loading...
split background green and blue. 2019 to 2025 with car going from starting location to end point. $37,310 and $48,402. Agent Entrepreneur logo
Industryby Lauren LawrenceJune 25, 2026

Affordable New Cars a Thing of the Past

More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.

Read More →
Ad Loading...