[Image via World Car Automotive]
U.S. dealers are expecting supply shortages this summer as a result of the Japanese tragedy, including the CEO of AutoNation, Mike Jackson.
Jackson expects the U.S. auto market to keep recovering through the end of this year. He says AutoNation will manage through any shortfalls.
More than half of AutoNation’s new vehicle sales last year came from cars and trucks made by Japanese manufacturers. About two thirds of those vehicles were assembled in North America.
Jackson says that the situation in Japan is still developing and the impact is difficult to predict. [Source]
According to a press release from Honda, one fatalityÂ occurredÂ at the plant when a wall collapsed onto an employee, and more than 30 others were injured as a result of the earthquake, and five plants were closed temporarily. [Source]