Toyota, Honda reported lower inventory for the third straight month in June

Article by Christian Andrei, on June 13, 2011

For the third consecutive month in June, Toyota and Honda posted lower inventory as a result of the disruptions due to the March 11 disaster in Japan. Toyota Motor Sales U.S.A.'s inventory has dropped by almost 50%, from 384,200 on March 1 to 198,900 vehicles on June 1. From an inventory of 258,000 units before the quake, American Honda has only 137,500 vehicles on June 1, a 47% decrease.

Even if stocks dropped, the days-supply figures remained constant since it had a slower sales pace. As of June 1, Toyota had a 44-day supply of vehicles, remaining constant from May 1.

Meanwhile, Honda had a 36-day supply, down from 37. Toyota said that by July 1, Japan’s production will be at 90% of prequake levels and North American production would reach 70% of normal output.

Earlier this month, Honda said that by summer, its two plants in Japan and the production in North America of all models except the Civic, would normalize. Meanwhile, Nissan North America had a 50-day supply with 158,300 vehicles on hand.

This is a drop from having a 66-day supply on May 1. The other Japanese automakers had higher inventory. With an 80-day supply on June 1, Suzuki had the second-highest days supply in the industry.

Mazda took second place with a 76-day supply. But Saab, at 246 days, had a bigger backlog. When combined, the Detroit 3 had a 59-day supply, or about 1.3 million units of inventory, as of June 1. This is nearly the same as the 62-day supply figure on March 1.

Topics: toyota, honda

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