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Vehicles, spare parts prices to jump with Japan earthquake

Mar 15, 2011 News

Guyanese could lose money from roadside dealers

The disaster in Japan is having a ripple effect on the entire global auto industry, which may soon be coping with parts shortages across the world. Guyana is not excluded.
A leading dealer in Guyana who spoke with Kaieteur News said that the price of vehicles could also go up, though he was optimistic that unaffected ports could be used to supply the world.
News reports say virtually all Japanese carmakers have stopped production, either because of damage to their factories or because of rolling blackouts as the government copes with a potential nuclear meltdown and the diversion of resources to recovery efforts in areas hit hardest by Friday’s earthquake and tsunami.
Several auto plants in and around the northern Miyagi Prefecture have been shuttered, primarily Toyota, Honda, and Nissan facilities, reports stated.
Many more are being affected, not just by the blackouts, but also because of disruption to the country’s infrastructure, affecting everything from parts delivery and shipping activity at Japanese ports to the ability of employees to get to work. Some train services have been interrupted, and roads in some parts of Japan are impassable. Dozens of supplier factories have also been affected.
Toyota has suspended production at all of its plants in Japan through to tomorrow, losing about 40,000 vehicles – production that can likely be made up fairly easily.
But Toyota is particularly concerned about two factories in the most heavily damaged area of northern Japan, where it makes the Yaris subcompact and Scion-brand xD and xB models.
Toyota says that it has accounted for all members of its plants and subsidiaries in the region. Overall, nearly 45 per cent of Toyota’s global production has been halted.
Guyanese who were accustomed to buying vehicles online through “roadside” auto dealers face losing their investment.
The leading auto dealer who spoke with Kaieteur News said that Guyanese who wish to buy online are typically told of the price and showed pictures of the vehicle.
In most cases the vehicles are not ones the dealers possess, but they collect a down payment from potential customers.
If demands are not met given the state of the Japanese auto industry, those potential customers may end up losing out on their money if the dealers are unable to deliver.
These dealers are those who often set up roadside show windows. They buy through intermediaries. In the event of a problem they often disappear leaving the hapless buyer out of pocket.

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