agent Entrepreneur logo
MenuMENU
SearchSEARCH

Japan Crisis Puts 200,000 US Auto Sales Up For Grabs

May 18, 2011
2 min to read


BIRMINGHAM - 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, reported Reuters.

Ad Loading...


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.

Ad Loading...


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


Since the beginning of the recession, new- and used-vehicle U.S. sales combined have fallen 15 percent to 48 million units, the lowest level since 1983, mostly because of lower availability of vehicle financing, according to A.T. Kearney. A bounceback in financing will help projected future growth.


A.T. Kearney said increasing loan approval rates for buyers with subprime, or very low, credit scores, to an average of 40 percent from the below 20 percent rate where it is now would yield an additional 800,000 new-vehicle sales.


Based on stricter loan approval rates, 530,000 newly rated subprime buyers will be shut out of the 2011 U.S. new light-vehicle market, A.T. Kearney said. That represents a $3.2 billion contribution margin opportunity for automakers.

More Industry

F&Iby Lauren LawrenceFebruary 27, 2026

Price Driving Insurance Churn

Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.

Read More →
Industryby Lauren LawrenceFebruary 26, 2026

AI Drives Dealer Website Traffic

Total visits to dealer websites from generative artificial intelligence platforms grew more than 15 times year-over-year, signaling a shift in how many consumers shop for cars online.

Read More →
Industryby Hannah MitchellFebruary 26, 2026

Automakers Tops in Fuel Economy

In the U.S., Honda has the most efficient gas-electrified combo lineup while Tesla beats all automakers in annual EPA ranking as brands built their alternative-fuel offerings.

Read More →
Ad Loading...
F&Iby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →
Auto Financeby Lauren LawrenceFebruary 23, 2026

Auto Loan Forecast Bucks Market Trend

Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.

Read More →
Ad Loading...
F&Iby Hannah MitchellFebruary 23, 2026

Some Auto Brands Cheaper to Insure

A new top 10 list ranks the least expensive for average full insurance coverage on a clean driving record and high driver credit scores.

Read More →
Industryby StaffFebruary 20, 2026

Learn to Manage the Mayhem at Agent Summit

Rob Mancuso – president of Mancuso Automotive – will present a Keynote at the 2026 event.

Read More →
Fixed Opsby Hannah MitchellFebruary 20, 2026

Auto Recalls Sank Last Year

2025 Sedgwick data indicate that the number of vehicles affected fell to its lowest point in more than a decade.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 19, 2026

Affordability Leads Top-Rated List

Edmunds’ editorial team tested 300-plus vehicles to help determine the Top Rated Awards for 2026, and one brand stood out with multiple rankings, including Best of the Best.

Read More →