09-28-2005, 09:46 AM
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Conservative Socialist
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Real Name: Brandon
Location: Phoenix, AZ
Hybrids: 1997 Civic HX
Posts: 878
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Wash Post: Smaller Cars Enjoy New Chic
http://www.washingtonpost.com/wp-dyn...701812_pf.html
Quote:
Even in hurricane-addled Alabama, people pouring in from Louisiana and Mississippi are popping into Treadwell Honda looking for replacements for destroyed cars. Harold Wesley, a salesman, in the midst of fielding calls last week, said he can't keep Civics on the lot -- new or used. "As soon as the new ones get here, they are sold." Wesley said the manufacturer is allocating dealers a few at a time to be fair. Treadwell's last shipment of 12 sold in three days, he said.
Nationally, Toyota Motor Corp. officials say the Corolla, one of the Japanese company's smallest and most fuel-efficient passenger cars, had 8.7 days' supply of inventory at the end of last week. In the industry, inventory of 50 to 60 days' supply is seen as adequate. Honda Motor Co. officials are struggling to keep up with demand for the Civic, of which there is nine days' supply. "Inventories are as low or lower than they've ever been for the Civic," said Sage Marie, a Honda spokesman. "They're basically being bought right off the truck."
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The article brings up a real good point that for some reason I totally forgot about. Those 250,000+ cars that were destoyed are going to need replacements. You now have a quarter of a million buyers looking for new cars, all at the same time, and right at a time when fuel has reached a level that nearly matches the inflation-adjusted all time national high. This is a good time to be a company or dealer with lots of highly fuel efficient vehicles!
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