Lexus Brand Tarnished After Consumer Reports Warning
In response, Toyota has decided to halt all sales of the GX 460 until they can find a way to fix the safety issues.
When pushed to its limits on Consumer Report's test track, the rear of the Lexus GX 460 slid out until the vehicle was almost sideways.
A "Don't Buy" recommendation from Consumer Reports can have a devastating effect on sales - something Toyota certainly didn't need right now just as they were starting to recover from their recall fiasco.
Consumers are likely to see the Lexus brand as being tarnished now which could lead to a drop in overall sales. This is actually good news for car shoppers since Toyota will likely continue offering incentives to keep sales up.
If you own a 2010 Lexus GX 460 and prefer not to drive it until a remedy is found, Lexus will provide a loaner vehicle for now. If you've been considering buying a Lexus, now is a great time to shop around. Dealers are anxious and more open to negotiation.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid