For those awaiting the updating of the Nissan Titan truck, it appears your wait is not yet over. Nissan has recently announced that due to the March earthquakes in Japan, the update won’t happen at this time. The earthquakes have caused many problems and damages at facilities there that they have now had to put the plans to update the Nissan Titan on hold for awhile, most likely until the year 2014…meaning the updated Titan could be a 2015 model.
Toyota recently announced a 32% plummet in third-quarter profit margin thanks largely to the March earthquake and September flooding in Thailand which has caused a significant parts shortage and corresponding production issues.
Parts shortages in Japan that have continued to linger since the March earthquake and corresponding Tsunami are expected to continue thanks to floods in Thailand. These shortages are affecting everything from the selection of cars at your local dealership to canceling overtime at U.S. manufacturing plants.
The parts shortage has also affected your wallet with the expected retail incentive showdown now unlikely to take place in the last few months of 2011.
Recently U.S. retailers confirmed that fully-stocked inventories were unlikely to be a reality until 2012. Many retailers stated that they did not expect to be fully restocked until the end of the third quarter.