Toyota recently announced it was expecting a significant dip in earnings as a result of the Japanese earthquake earlier this year, and it looks like Honda is following suit. BBC News reports that the manufacturer is expecting a 65 percent drop in profits by the end of March next year.

The earthquake and resulting tsunami wreaked havoc on nearly all parts of Honda’a operation. Officials say that in addition to cutting production and inflating costs due to reconstruction, they also believe they will be hurt by an increase in the price of raw materials.

"They [the estimates] are very, very conservative and come in well below what analysts had expected," industry insider Kkochi Ogawa told the news provider. "Honda had some research and development centres damaged by the quake and I have the impression that its recovery hasn't been as speedy as its peers."

Although Honda is struggling to produce new vehicles, used Hondas are among the most reliable cars on the road. If you’re interested in a pre-owned vehicle, look to New Jersey Auto Auction, which offers Hondas at an affordable price.