The Japanese earthquake has significantly put a dent in Japan’s automotive industry. Japanese automakers continue to hurt worldwide as production is delayed due to suppliers and parts issues. Lexus chief says that the declining inventory due to earthquake-related shortages will most certainly end the brand’s decade-long run as the top-selling luxury brand in the United States.
Mark Templin, general manager of Lexus Division, said dealers have a tight 30-day inventory across all Lexus models. Some models, such as the Lexus CT 200h compact hybrid hatchback, are nearly sold out, h said.
Dealers will start feeling shortages of cars this week and definitely in May.
“It’s a frustrating experience,” Templin said last week at the New York auto show.
Last year, Mercedes-Benz came in second to Lexus by less than 5,000 units in the United States.
– By: Omar Rana
Source: Automotive News