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Posts Tagged ‘japan car prices’

Ready to Deal? Some Japanese Bargains Still to Be Found

Despite shortages, some Asian models still a bargain.

by on Jun.15, 2011

Despite shortages, there are some surprising bargains on Japanese products, such as the 2011 Honda Accord.

Think you’ll be paying thousands more for a new Japanese car due to the current shortages? Not necessarily — at least not if you’re ready to do your homework.

The Japanese earthquake of March 11 has played havoc with the auto industry, as most anyone who has shopped for a Toyota, Honda or Nissan, in recent weeks can attest to.

Though production is slowly returning to normal, most Japanese makers have had to curtail factory operations due to parts shortages, since the disaster struck.  In the near-term, manufacturers will likely fall more than a million vehicles short of their original production plans.

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That has translated not only into shortages of popular models, like the new 2012 Honda Civic, but into sharply higher prices.  The data service Edmunds estimates that American shoppers are now paying nearly $3,000 more for a Toyota Prius than they did before the earthquake.


May Expected to Show Sales Slump

Shortages, lower incentives, rising fuel prices and uncertain economy all take some blame.

by on Jun.01, 2011

Rising prices, reduced incentives -- and shortages -- of popular Japanese products like the Prius had a harsh impact on May car sales.

It’s been a good year for the U.S. auto industry – or at least it was until last month, most manufacturers expected to report a slump in sales when they report May numbers this week.

Industry analysts blame a variety of factors for the downturn – which occurred during the month that normally marks the start of the annual spring buying season – notably including a shortage of Japanese-made products, the result of the March 11 natural disaster that devastated that country’s auto industry.

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In turn, makers have responded by trimming back rebates and other sales incentives – and when you add in the price hikes many manufacturers have taken in recent months, many potential buyers have decided to wait and see if better deals could follow later in the year, according to industry analysts.

“Overall automaker incentives (in May were) at the lowest levels we’ve seen in years,” said Jessica Caldwell, director of industry analysis at “These low incentives are making it increasingly difficult for consumers to find good deals.”