Car purchasers could save as much as $10,000 with Toyota’s new car-selling model.
Toyota New Zealand CEO Alistair Davis told The AM Show that the prices of some of New Zealand's most popular cars are set to tumble.
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Toyota Corollas will be several thousand dollars cheaper than they were before. Consumers could also save "in the order of $10,000 off a retail price off of a Hilux".
Mr Davis says Toyota is "changing the whole business model". Instead of having car-yards full of new cars, these will be kept at regional hubs.
Customers can go to a local Toyota store to test the car, then go online and configure what they want. This will then be shipped out to the local store.
"Toyota New Zealand will be the people selling the cars, so the stores will be there really for facilitating the sale," he said.
"The big savings come from consolidating all our stock into just three locations."
These savings will be passed onto customers, who won't be forced to haggle for a great price.
"You can save yourself time as well as money," Mr Davis said.
He says there won't be any job losses either, as people will be retrained.
Watch the full interview with Alistair Davis above.
The AM Show with Duncan Garner, Amanda Gillies and Mark Richardson, weekdays 6-9am on RadioLIVE and streaming live to the rova app on Android and iPhone.