The newly appointed Toyota team is here to make changes that will affect all Toyota dealers in the future. The changes are to make the dealers more successful in the business and to create a more efficient profit.
One of these changes includes cutting the lineup. Small cars are becoming more and more popular, and bigger vehicles are becoming obsolete. Throwing out the bigger models that don’t match local demand will cut down expenses. The third-generation Prius price is dropping to stay competitive with Honda’s Insight.
Toyota isn’t planning on closing its factories to cut costs. They plan on slowing down production times, overtime, and shift work while making genuine Toyota parts and cars.
With these small changes, Toyota is projecting a recovery in two or three years.