Japan crisis puts 200,000 US auto sales up for grabs

Almost 200,000 U.S. customers looking to buy new vehicles are “up for grabs” because of parts shortages caused by the March 11 earthquake and tsunami in Japan, according to a new report.

The major Japanese automakers — Toyota Motor Corp., Honda Motor Co. Ltd and Nissan Motor Co. Ltd — are at risk for the biggest lost sales, according to the A.T. Kearney report, which was released on Tuesday.

U.S. automakers General Motors Co., Ford Motor Co. and Chrysler Group LLC as well as South Korea’s Hyundai Motor Co. stand to capture most of the consumers who defect from the Japanese brands, said Dan Cheng, head of A.T. Kearney’s American automotive practice.

Of the estimated 1.66 million units of lost production globally because of the Japan crisis, 341,000 would have been sold in the United States this year. Of those lost U.S. sales, 42 percent were buyers who likely will remain loyal to their current brands, said Cheng.

Of the remaining 197,000, an estimated 80 percent were with Toyota, Honda and Nissan, A.T. Kearney said. Another 36,000 are with other Japanese manufacturers.

If full production at Japanese plants does not resume until the fourth quarter, the number of new vehicle sales up for grabs will rise to 328,000, or the equivalent of 2 1/2 points of market share, Cheng said. Of those, 263,000 would be with Toyota, Honda and Nissan.

A.T. Kearney also expects U.S. new-vehicle sales to grow almost 14 percent to 13.2 million this year from 11.6 million in 2010, and reach 16 million in 2013 as consumers replace an aging fleet of vehicles. After that, growth will rise more slowly, hitting 16.7 million in 2016.

In the decade before the 2008-2009 industry downturn, U.S. auto sales averaged nearly 17 million in new vehicle sales a year.



News
Entertainment
Sports
Lifestyle
National

Ex-Bitcoin official to plead guilty to Silk Road…

Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of…

International

China's army changes tactics to prepare for war…

Chinese President Xi Jinping has said China will spur military innovation and called on the army to create a new strategy for "information warfare" as…

National

California passes 'yes-means-yes' campus sexual assault bill

Californian lawmakers passed a law on Thursday requiring universities to adopt "affirmative consent" language in their definitions of consensual sex, part of a nationwide drive to curb sexual assault on…

National

Syrian refugees top 3 million, half of all…

By Stephanie NebehayGENEVA (Reuters) - Three million Syrian refugees will have registered in neighboring countries as of Friday, but many remain trapped by the advance…

Going Out

'Friends' coffeehouse Central Perk coming to NYC —…

"Friends" is coming back for a one-off special: "The One with the Free Coffee." Warner Bros. is bringing a pop-up replica of Central Perk, the…

Movies

Interview: 'As Above, So Below' directors: 5 ways…

The fraternal directors of the found footage horror "As Above, So Below" dish on the best ways to frighten the bejesus out of audiences.

Movies

Criterion's new Jacques Demy box mixes the light…

Jacques Demy, the most effervescent of French New Wave filmmakers, gets a Criterion box all to himself, with classics like "The Umbrellas of Cherbourg."

Entertainment

Comedian Joan Rivers, 81, rushed to New York…

NEW YORK (Reuters) - Acerbic comedian and fashion critic Joan Rivers was rushed to Mount Sinai Hospital in New York on Thursday after she reportedly…

NFL

3 things we learned in the Giants preseason…

The final score didn’t matter — a 16-13 win by the Giants — but it would’ve been nice to finally see Big Blue’s new-look offense get on track.

NFL

NFL Power Rankings: Seahawks, Broncos, Patriots, 49ers start…

NFL Power Rankings: Seahawks, Broncos, Patriots start at top

U.S. Soccer

5 facts about new England captain Wayne Rooney

Manchester United striker Wayne Rooney was named as the new England captain by coach Roy Hodgson on Thursday.

NFL

Jets vs. Eagles: 3 things to watch

A win on Thursday night at the Eagles would give the Jets a 3-1 record and just their second winning preseason under head coach Rex Ryan.

Style

Trend: White hot on the 2014 Emmy's red…

White was one of the big trends on the Emmy's red carpet.

Food

Recipe: Samuel Adams beer-marinated grilled shrimp

Summer calls for two things: a cold beer and light food. Sam Adams' Latitude 48 IPA fairly bursts with citrus notes, making it an ideal marinade…

Wellbeing

4 healthy ingredient swaps to make your meals…

When it comes to eating well, everyone knows they could be doing better. But cooking in an apartment on a busy schedule is a recipe…

Wellbeing

Heart trumps brain when it comes to movies…

When you need a good cry, do you reach for the movie that’s “based on a true story”? Science says you’re giving your brain far…