Toyota Camry, Honda Civic output may be reduced on rising supply

Article by Anita Panait, on July 10, 2013

Production of the Toyota Camry and the Honda Civic may be reduced due to rising inventories of the models, according to report published by RBC Capital Markets. Joseph Spak, an analyst for RBC, said in the report that the Camry exceeded its seasonal historical average inventory by more than 15 days supply in June 2013.

The Civic meanwhile exceeded its seasonal historical average inventory by more than 25 days supply in June 2013. The report only identified the Camry and the Civic as the only models at risk for reduced output among 16 of the best-selling vehicles in the United States. RBC said models like the Chevrolet Cruze and Ford Fusion, may need additional production to meet increasing demand for this passenger cars.

Spak wrote in the report that "Toyota is pulling out all stops" to sustain its top market position against "a slew of new competition." The Detroit 3 -- General Motors Co., Ford Motor Co. and Chrysler Group LLC -- all managed to gain share in the US market in the first six months of 2013.

Spak also said in the report that there is a downside risk to production schedules for the Civic as its inventories are above historical levels. Carly Schaffner, a spokeswoman for Toyota, told Bloomberg in an e-mail that the Camry inventory was at 55 days supply in June 2013, compared to 57 in June 2012.

She said that the Camry "has been running" at a days supply in the 50s since January 2013. Schaffner noted that Toyota's production is flexible and based on customer demand." Steve Kinkade, a spokesman for Honda, told Bloomberg in an e-mail the carmaker has around a 60-day supply of Civics.

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