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Effects of earthquake in Japan on several car makers

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Effects of earthquake in Japan on several car makers

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Home Page > Automotive > Cars > Effects of earthquake in Japan on several car makers

Effects of earthquake in Japan on several car makers

Posted: May 20, 2011 | Comments: 0
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The strongest earthquake in Japan has caused a lot of negative effects on the production of vehicles worldwide. This is because Japanese car makers are considered to be one of the major car makers in the world. Since most of these Japanese car manufacturers' plants assembling vehicle and component sources are located on the areas in Japan that were hit by the earthquake, the over-all vehicle production has suffered greatly. Due to this, it is expected that the number of cars produced and the number of auto financing offers will change.

In case you are currently searching for a vehicle by using some of the popular online new car finder , you need to be aware of the quake's effects on several car makers for this could help you in doing the car selection process. To provide you with information, here are some of the highlights of the earthquake's effects.

Effects on first Toyota Motors' production

Toyota is one of the Japanese car makers that were greatly affected by the strongest earthquake in Japan which happened last March 2011th Its production was halted since some of their component suppliers' plants were damaged by the natural calamity Which struck Japan. Right after the earthquake, Toyota lacked 500 types of components Which Prevented them from producing vehicles such as the iQ microcar and the Prius V.

The effect of the earthquake on some of Toyota's assembling and suppliers' plants as well as the reduction of their vehicle production might cause GM to claim Toyota's position as the biggest car maker in the world in terms of volume for this year.

Effects on second South Korean and American car makers

The earthquake in Japan last March has somehow benefitted South Korean car makers such as Hyundai and Kia. This was simply proven by the increase in sales of these car makers last month Which was estimated to be around 40% to 57% compared to their previous year's figures.

American car makers have also Obtained a 3.2% increase in its market share in the previous month. However, this does not mean that this was caused by the quake Solely. This could also be caused by the intensification of the three Detroit-based car makers' effort of providing the best new car deals to potential buyers.

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Marty Vergel baes –
About the Author:

Marty has been Vergel Baes an article writer for two years now. He currently lives at Sta. Rosa City, Laguna, Philippines.

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