As I’m sure you all remember, there was a big earthquake and tsunami that devastated parts of Japan this past March. What you might not have been so aware of though, is how that has affected the auto industry. Those disasters have had a huge impact on the supply of new vehicles throughout the world. Certainly the disruption to the new car supply is only temporary, however, if you’re looking to buy a car right now it just might have a huge impact on what you can get at the moment.
In the meantime, the nice people at Costco’s auto program have a couple of ways they are working to help out their members. They have put together a list of which vehicles have been affected. This list, updated a couple of weeks ago, indicates which vehicles are in low supply currently. You can check up on the list via the Costco Auto Program website but I’ve included the July updates as part of this post.
List of vehicles in short supply:
- Acura: all models (most notably – RL, TSX)
- Honda: all models (most notably – Civic Hybrid, CR-Z, Fit and Insight)
- Lexus: all models
- Mazda: CX-9
- Mitsubishi: most models
- Nissan: Juke, Leaf, and Sentra
• Murano CrossCabriolet launch has been delayed
- Toyota: most models (most notably – Japan-assembled FJ Cruiser, Land Cruiser, Rav-4 and Yaris)
- Subaru: all models
- Suzuki: most models
If you find that the vehicle you have been contemplating is on that list and you are just unable to get one, the Costco Auto Program reps are also available to give you suggestions on similar vehicles that might be more readily available now.
As well as some vehicles being in low supply, rebates and incentives have also been reduced because with fewer cars available, the auto industry has less need to incentivize buyers (unfortunately). You can also keep up to date on available rebates and incentives via the Costco Auto website.
Most manufacturers predict that the supply to be back to normal by the end of 2011.