The massive earthquake of March 11, 2011 in Japan continues to impact Japanese auto manufacturers. According to Bloomberg, Honda is delaying the release of the new 2012 CR-V as a result supply shortages caused by the earthquake and subsequent tsunami and nuclear radiation release. The eagerly anticipated new generation CR-V will arrive to U.S. dealers about a month later than originally scheduled.
Even when the 2012 CR-V does arrive, supplies will be limited. It is not expected that full production capacity will be available for buyers until late 2011. This will make purchasing a 2012 CR-V in the late summer and fall more difficult and prices may be higher than they would be normally.
The 2011 Tōhoku earthquake, which is officially named the Great East Japan Earthquake, registered a 9.0 on the Richter scale. It was one of the most powerful and destructive earthquakes recorded in recent history. The earthquake has had a significant impact on automotive production for numerous automakers including Honda, Toyota, Mazda, Mitsubishi, Nissan and Subaru.
Toyota recently announced that the earthquake has caused the automaker to be at only 50 percent capacity. Like Honda, Toyota does not expect to be at full capacity until late 2011. In addition to the CR-V, Bloomberg is also reporting that the new generation 2012 Honda Civic will also see limited production for the next several months.
Honda will be assembling the 2012 CR-V at the company’s production facilities in Alliston, Ontario and East Liberty, Ohio but relies on numerous Japanese made parts. The new CR-V is a very important vehicle for Honda as it has been the best selling SUV in the U.S. for years.
The delay for the new CR-V could benefit other SUV models such as Ford Escape and Volkswagen Tiguan, which are both significantly revised 2012 and not experiencing production setbacks. Other compact SUV models such as the Chevy Equinox, Hyundai Tucson, and Jeep Compass could also benefit from Japanese production delays.