Toyota’s profit forecast for the fiscal year ending March is less than half the amount five years ago. The stock is trading at about half its level in 2007, when its market value ranked fourth worldwide, according to data compiled by Bloomberg.
Sandy Grossman, who’s owned two Corollas and is in the market for a new car for his wife, has another explanation.
“Toyota has become the dullest car company on the planet,” said Grossman of Coral Gables, Florida. “Since the late ’90s, they have driven me away with boring vehicles that look and feel like an appliance.”