Two of Japan's biggest automakers saw sharp sales declines last
month in the U.S. market, The New York Times
Sales of Hondas (
) in July were 28.4 percent lower than figures from the same month
in 2010 while sales of Toyotas dropped 22.7 percent between the
same periods. Factors contributing to the shortfalls include
concerns about the global economic recovery as well as inventories
lacking supplies from damaging fallout of the March 11 earthquake
and tsunami in Japan.
"The recovery is clearly in a stall mode," chief economist Paul
Ballew of Nationwide
told the publication. "It's hard to see sales sprinting forward
without some help on job and income growth."
Inventories of the Honda Accord and Toyota Camry - both carmakers'
signature models - are low as the companies are still working on
stocking the models. Honda anticipated resumption of pre-natural
disaster levels by this month while Toyota was eyeing September.
Despite the slippage at Honda and Toyota, Japanese rival Nissan saw
sales increase 6.4 percent, Motor Trend
. Though its luxury arm Infiniti saw a reduction of 24.1 percent,
Nissan saw an increase that was not as big as the upward tick in
June, which was 16.5 percent.