Since 1967, Longo Toyota has been the highest volume Toyota dealership in the United States.
Longo is also the biggest Toyota dealership in the world, with a campus that spans more than 50 acres in El Monte. We pledge to provide the finest experience for visitors throughout each and every encounter, every day.
We make buying a car simple. We help you save time and money by having the largest selection of Toyota vehicles in the nation. Inability to visit our El Monte site Not to worry Without further cost to you, we will deliver your car.
Our Collision Repair Center is one of only five body shops in California with dual Toyota and Lexus certifications, and our service and parts departments are available seven days a week.
Over 130 Toyota honors and medals have been bestowed upon Longo, including the coveted President’s Cabinet Award and President’s Award for outstanding performance in sales, service, and guest satisfaction.
In This Article...
Toyotas are they reliable?
With a dependability rating of 78 out of 100, Toyota is ranked second in Consumer Reports’ annual reliability rankings. Many Toyota owners think that buying a Toyota has a number of benefits. Here are a few explanations for why Toyota is so reliable.
What does MSRP mean?
Manufacturer Suggested Retail Price, or MSRP, is the price at which the manufacturer advises Elk River dealership to sell a vehicle. The manufacturer establishes this pricing, also known as the list price, taking into account a variety of market factors, including the popularity of the vehicle, the materials it is built of, and others.
Will automobile costs decline in 2022?
Paris predicts that car prices may “slightly decline this summer. But by the end of the year, the sector is probably going to grow. Paris adds that as supply limitations loosen, production should stabilize in the second half of 2022.
Consumers and investors alike are optimistic that this will result in output that is boosted and stabilized without supply-chain-related delays. If that’s the case, car prices might start to drop in the not-too-distant future. J.D. Power predicts that “by late 2022 and into 2023, used-vehicle values will start to decline to more typical levels.
KPMG Consulting anticipates a significant decline in used automobile pricing. They predict a 20%30% decline in used automobile prices sometime in the months after October 2022.
The second half of the year is “starting to look better for auto purchasers,” according to Kelley Blue Book, as inventory is “slowly beginning to improve, particularly in the used market.”
What month is the cheapest to purchase a car?
Accounting is everything: They want to carry as little inventory into the next year as feasible. Dealers will go to any lengthsand occasionally lose money on a dealto achieve their December or calendar-based sales goals. the most effective purchasing days? December’s final week, ideally December 30 and 31.
How long does it take to place a Toyota order in 2022?
The Toyota RAV4 Hybrid is quick, and that’s the key point. You can anticipate delivery in a month or two and being placed on the allotted list at your dealer in no less than two to three weeks. In essence, you will have to wait three months. You could also consider used cars. They have increased by over 50% at Carvana. Carvana’s starting MSRP is $29,075 and its typical cost ranges from $35,000 to $45,000. That is a sizable markup.
Sincerely, I don’t think this is a particularly long wait for a hybrid SUV. especially now that there is a global chip scarcity and financial turmoil. Check out some of our most recent stories to learn more about how only Toyota was able to avoid a decline in truck sales for the month of February. If only electric vehicles that we actually want to see on the road were already here, like the Ford F-150 Lightning or the Cyber Truck. Even the Tesla Roadster, which I am chomping at the bit to see in person, hasn’t even been brought up lately.
While we must wait for these vehicles to be released, I believe Toyota’s plan to release these essential vehicles, such as hybrids, and to raise awareness of impending electric vehicles. However, I still believe that Japan as a whole is still years away from having at least a few good and active electric vehicles. The Nissan Leaf is the only one that has had some success.
How do you feel? Should Toyota increase its output of EVs and hybrids? Would you purchase a hybrid Toyota RAV4 in 2022? Comment below with your thoughts and let us know.
Will auto prices decrease?
J.D. Power predicts that used vehicle values will start to decline to more typical levels by late 2022 and into 2023 as new-car inventory starts to stabilize.
We do anticipate a decline in used-car values as new-car production and inventories start to increase, according to Paris.
We anticipate that many of the hangover characteristics will start to fade this year, leading residual values to start returning to normal ranges.
According to Paris, by 2024, residual values on 3-year-old automobiles will decline from their current level of 68% to a “historically high new normal” of 54%.
According to an Automotive News article from December 2021, consultancy firm KPMG believes a sharp decline in used car prices will come before the inventory of new cars stabilizes. The company apparently anticipates a 20%30% decline in used automobile costs somewhere in the months after October 2022. While consumers who put off buying a used automobile will be relieved by the anticipated decline, those who financed a car during the current price spike and need to trade it in may suffer as a result.
Those who can afford to wait should wait to purchase a used car till the cost decreases. However, people who can’t wait to make a buy should prepare in advance, be adaptable, and be aware of the consequences of taking on a greater loan amount or longer loan terms to cover the purchase.
- In advance: The conventional wisdom about car purchases is still valid even during the inventory shortage. Set a spending limit and adhere to it; compare prices from dealerships and private sellers to obtain the greatest bargain. The inventory constraint makes it more crucial than ever to keep your options open and be prepared to buy as soon as you find the ideal vehicle.
- Gain from your trade-in: For buyers who have a car to trade in, rising used-car values, especially on older models, might be a pleasant surprise. The average trade-in equity is anticipated to be $10,083, up 37% from a year earlier, according to J.D. Power’s July prediction. Consider using your trade-in equity toward the down payment on a used automobile to lower the total amount financed rather than rationalizing a more expensive purchase to avoid the dangers mentioned above.
- Avoid taking out lengthy loans: Higher average monthly automobile loan payments reflect the effects of increased used-car prices: In the first quarter of 2022, the average monthly payment for a used automobile was $503, up from $413 for the corresponding period in 2021, according to Experian. Although a long-term auto loan can lower a buyer’s monthly payments, it also has disadvantages, such as a higher overall cost of financing the automobile and a higher chance of being upside down (that is, owing more on your car than it is currently worth). When used-car values begin to decline in the upcoming years, that risk becomes more of a worry.
Which automaker generates the greatest revenue?
Toyota Motor Corporation, which generated $275.29 billion in revenue in 2020, was the automaker with the highest profit margin, earning $19.1 billion. A remarkable accomplishment in a year when many other big automakers had significant declines in their profits was Toyota’s 2020 profits, which were 12.4% higher than their 2019 profits.
Sales-wise, Volkswagen and Toyota have consistently outperformed the competition, and they compete each year to become the leading automaker. Only Volkswagen, which came in second with $15.54 billion in profit in 2020, was the other automaker to come close to Toyota in terms of profitability. Their annual sales, $282.76 billion, was comparable to Toyota’s as well.
The 10 Most Profitable Car Companies in 2020
- $19.1 billion for Toyota Motor
- $15.54 billion Volkswagen
- 6.73 billion for General Motors
- $5,5 billion for BMW
- $4.19 billion Honda Motor
- Volvo: $3.79 billion
- $3.71 billion SAIC Motor
- : $3.58 billion Peugeot
- Group China FAW: $2.85 billion
- $2.66 billion for Daimler
Which Toyota model is the best to purchase?
The Top 7 Toyota Vehicles, Per US News & World Report
- Avalon (2017) Any family will be satisfied by the Avalon’s room, efficiency, and power.
- Camry (2018)
- Highlander (2017)
- Prius (2017)
- 86 (2017)
- Sienna (2017) (2017)
- Prime Prius (2017)
Which is better, Honda or Toyota?
Toyota has more automobiles, better costs, and higher reliability in the categories we looked at, making it the superior brand. When deciding between Honda and Toyota, Honda isn’t a slouch either thanks to its comparable dependability ratings, reasonable costs, and even higher safety ratings.
How durable are Toyota engines?
The typical Toyota engine has a lifespan of between 250,000 and 300,000. Accordingly, the engine in your Toyota vehicle should continue to function properly for 16 to 20 years before it needs to be replaced.
What phrases should you never use with a car salesman?
10 things not to say to a car salesperson
- “I adore this vehicle.
- “I don’t know a lot about automobiles.
- “My exchange is outside
- “I object to being transported to the dry cleaners.
- “My credit rating isn’t very excellent.
- “I have cash on hand.
- “Today I have to purchase an automobile.
- “I need to pay less than $350 each month.
How much may I negotiate off the MSRP?
Any negotiations should center on the dealer cost. A reasonable deal for a typical automobile is 2% over the dealer’s invoice price. In contrast to a slow-selling model, there may be more space for negotiation with a hot-selling vehicle. Salespeople typically make an effort to negotiate using the MSRP.
How much should I save on a new car’s list price?
New automobile sticker price. The objective is to purchase your new car for no more than 5% profit. You will have some “wiggle room” to haggle with the vendor if you use 3% first. Calculate the 5% profit margin as well if you choose to use 3% so you can stay inside your budget.
When should a new car be purchased?
October, November, and December are sure bets as the greatest months of the year. Sales quotas are common in auto dealerships, and they often include yearly, quarterly, and monthly sales targets. Late in the year, all three objectives start to come together.
“Moody believes that generally speaking, the end of the month, the end of the quarter, or the conclusion of any period is a good time to go.
The salesperson or dealer may then have bonus chances that offer them an additional motivation to want you to drive away in a new car.
In addition to the end of the year, it’s critical to pay attention to the end of the model year, which is when the newest iterations will begin to be sold. Although there are rare exceptions, according to Moody, vehicle manufacturers typically start launching new models in the fall. “It suggests the release is approaching,” he explains, if you pay a little attention to see when the press starts to post reviews of new cars.
Moody advises waiting for an upgraded model if you’re thinking about purchasing an older model. “Even though you might be able to find a deal on the earlier model, it would be a good idea to wait for the new model. He asserts that it is quite uncommon for a model to be completely updated and cost $5,000 more. ” Although it typically costs a few hundred dollars more, it has a ton of additional features and gets higher gas mileage.