Toyota’s difficulties related to the unintended acceleration issue appear to be worsening, as the automaker has announced suspended sales of eight models in the U.S. market. As of January 27, the Toyota recall list has been updated to include suspended sales of Camry (excluding hybrid versions), Avalon, Tundra, Sequoia, RAV4, Corolla, Highlander (excluding hybrid versions) and Matrix models. The move has also forced a temporary production halt at plants in Indiana, Texas, Kentucky and Canada.
As the Toyota Camry remains the best selling car in America, the sales suspension is expected to have a noticeable impact on Toyota’s dealer network, already reeling from a sluggish economy and tightening credit requirements. Prior to this latest setback, Toyota had announced aggressive leasing options and cash back programs in an effort to get customers into showrooms.