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Global Auto Crisis: Auto parts
and supplies shortage awaits car dealerships and factories
The colossal Japan’s earthquake
and tsunami is disrupting the auto industry, especially in the parts and supplies
sector. Car and truck buyers will have a hard time finding new vehicle models
they like. The earthquake will also affect the slow-moving boats used to ship
auto parts and supplies globally, thereby compounding the problem.
Japanese
car manufacturers such as Nissan, Toyota, and Honda, will suffer huge losses
in revenue. Crucial car supplies are already diminishing because the Japanese
manufacturing plants are still struggling to get back into production mode.
One
big impact of the earthquake on auto supplies market is a possible price increase
on auto parts and supplies, and maybe, increased purchase price of new vehicles.
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