In order to keep up with the demand of the popular Corolla, Toyota has brought a new plant online. Located in Blue Springs, Miss, which is just outside of Tupelo, this is an $800 million investment made by the automaker to keep the world’s best-selling vehicle model of all time rolling off the assembly line. This move is an example of Toyota’s practice to manufacture vehicles where they are commonly sold.
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.