The huge Earthquake and Tsunami in Japan last week has affected Toyota and a number of automakers and their vehicle productions. Toyota along with Honda, Mazda, Mitsubishi, Nissan, Subaru, and Suzuki, all have key facilities in Japan. Although their main headquarters have not been affected, various plants from these automakers have been closed and that could have an affect on models that are sold in the United States.
Toyota is halting production at all plants through Wednesday, including plants that produce the U.S. version of the Toyota Yaris, and Scion xB and xD. Toyota’s corporate headquarters are not affected, but they are assessing the damage at the plants and dealerships and looking at the impact to North American import vehicles and parts inventories that are produced in japan and shipped to the U.S. for vehicle assembly. According to Bloomberg, Toyota could lose output of 40,000 vehicles.
It is clear that all Japanese auto manufacturers have been affected by the earthquake tragedy, but the full extent of the damage is still being assessed, as is the damage to the ports, ships, and related crews that are necessary to transport the models overseas. We’ll know more about the impact to North American imports and what that could mean for U.S. car buyers in the days and weeks to come. For now, there is ample days’ supply to ensure dealerships remain stocked for the foreseeable future.