Made in Japan

Watch the terrifying images of the outbreak of the tsunami across Japan on March 11, a striking image was that of the field of new cars, ready for shipping, shipwreck or left floating in dirty water.

Every car manufacturer in Japan has closed production for at least a few days, and the shortage of vehicles for sale has led to higher prices for new cars and used as an unintended consequence of this tragedy much greater.

In May, Toyota posted a sales decline of 33.4 percent over the same period last year, and its Lexus division fell 40 percent.Honda was down 16 percent, and its Acura luxury division took a hit of 17 percent.

Fewer cars on the forecourt means dealers are not willing to lower prices. In addition, Japanese companies need to spend money to rebuild their industry, so there is no cash incentives and offers.

According to the site Edmunds.com car purchases, the prices of new cars have increased an average of $ 350 between March and May

Full-size cars like the Toyota Avalon, saw the largest increase in Japanese cars - up to $ 230 on average. Midsize cars like the Honda Accord and Toyota Camry has risen by an average of $ 220.Compact cars such as Toyota Corolla and Honda Civic, have increased an average of $ 160.

This has quickly filtered to cars because new car buyers are delaying their purchase and with it their trade-ins. Honda and Toyota have said they will work with clients whose leases are due to hold extensions with the same monthly payments so they can keep their cars longer.

In addition, some buyers can not get their new model chosen are checking the cars used in the place, and that the additional demand has pushed prices up further.

Edmunds.com estimated price of three, used cars are almost across the board. The price of its "true market value" for a used Honda Civic was up 10.4 percent in March compared to the previous year.

Other popular models of cars with price sticker on their windshield during the past year include the Nissan Sentra (up 11.8 percent), Toyota Camry (up to 7.2 percent) and Hyundai Sonata (up a steep 20.2 percent).

wrecked autos for sale - News


Made in Japan
Made in Japan

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