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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
Once upon a time the automotive market was radically different. Just a few decades ago things were much simpler for consumers than they are today. Unless they’re shopping for a new Tesla, buyers face a borderline-absurd number of choices when they walk into a typical dealer showroom. This is why we’re here. Ask AutoGuide’s expertly trained, nationally certified Oracles are ready, willing and usually able to help new-car shoppers in distress. Think of them as caped crusaders fighting for what’s right… as long as they don’t have to get up from their desks or change out of their Velcro Hush Puppies.
Men and women in uniform can take advantage of special financing offers on new vehicles as well as receive cash-back rebates so long as they jump onto the deal in time. Toyota is offering a 1.9-percent APR promotion for up to 60 months on new 2011 and 2012 models and a $500 military rebate comes along with it. Purchases need to be made before March 5, 2012 in order to take advantage of the low APR financing, but the rebate will last until January 2, 2013.
Lexus on the other hand will be offering military personnel 0.9-percent APR loans on 2011 and 2012 vehicles from their ES, IS lines and the 2012 RX350. All other vehicles from Lexus can be financed at 1.9-percent APR and Lexus will give a rebate of $750 to new buyers. The loan offer expires on February 29, 2012 while the rebate will run until March 31, 2012.
Of course you’ll have to qualify for the low APR financing and all applicants must be on active duty in the US Military or US Military Inactive Reserve. Retired military personnel are not eligible. You can find a dealer participating in the “Welcome Home Special APR Program” by looking up your closest dealer at www.toyota.com/dealers and www.lexus.com/dealers and giving them a ring. Financing must be done through either Toyota Financial Services or Lexus Financial Services.
A recall has been issued on 2011 Lexus RX350 models that are equipped with Vehicle Dynamics Integrated Management (VDIM) and built between August 30th, 2010 and May 18th, 2011. Those affected by the recall have the possibility of having incorrectly calibrated hydraulic control valves. This could cause the front right tire to not be controlled properly if the ABS or Vehicle Skid Control (VSC) systems are activated. A worst case scenario can cause either a long stopping distance or the failure to correct a slide.
Those that believe they might be part of the recall should contact Lexus at 800-331-4331 or wait for their recall notice. Dealerships are expected to begin fixes this month which will replace the brake actuator with a new one.
Nearly 5 months in to the calendar year, Lexus has admitted that it will not be able to sustain its lead in the luxury car sales race, due to tight supplies of vehicles and parts from Japan.
With dealers down to a 30 day supply of cars (compared to a usual 60 or 90 day supply), the situation is so drastic that regional marketing campaigns are being ended due to a dearth of new vehicles to sell. Lexus is offering to extend the leases of current customer’s vehicles, and is discouraging dealers from attempting to inflate prices of the limited supply of cars, with Lexus general manager Mark Templin stating “…that’s not the way we do business.”
Many vehicles, such as the newly introduced CT200h hybrid are nearly sold out, while the Japanese factories that build the majority of Lexus vehicles are not expected to reach full capacity until November.
[Source: Automotive News]
Anyone who was not comatose in 2009 remembers the Toyota unintended acceleration scandal, which saw millions of Toyota and Lexus products recalled due to what was eventually deemed to be a mismatch between floormats and the accelerator that could cause the pedal to stick.
Now, Toyota is recalling a further 2.17 million cars and trucks to remedy the issue – at least this time they’ve been vindicated by none other than NASA.
The recalled vehicles, along with the number of units, are listed after the jump, as is Toyota’s official release.