Motoryzacja

In the wake of disastrous September sales figures, Toyota Motor Corp. has unveiled an unprecedented 0% interest rate on eleven 2008 and 2009 Toyota brand models for up to five years, including even Camry and Corolla, its two top sellers.

Toyota Motor Corp. said today its October sales fell 23%, to 152,101 vehicles, even after the company turned to an unprecedented 0% financing offer for 11 of its models.

Toyota is offering interest-free loans, discounted leases and, for current owners, free service to stabilize sales that have fallen two straight months in the wake of three recalls covering nearly 6 million vehicles in the U.S.

Vehicles 2009 volume 2009 % change from 2008 1. Ford F-Series 413,625 -19.8% 2. Toyota Camry 356,824 -18.3% 3. Chevrolet Silverado 316,544 -31.9% 4. Toyota Corolla 296,874 -15.4% 5. Honda Accord 287,492 -22.9% 6. Honda Civic 259,722 -23.5% 7. Nissan Altima 203,568 -24.5% 8. Honda CR-V 191,214 -3.1% 9. Ford Fusion 180,671 22.4% 10. Dodge Ram 177,268 -27.9% 11.

Toyota is extending zero-percent-interest loans and discount leases for another month on some U.S. models and expanding an offer of two years of free maintenance to hold onto sales gains after record recalls.