The 2010 Honda CR-V is among vehicles affected by airbag recalls.
This month, the automaker will start compensating those dealers for depreciation costs for vehicles that cannot be sold because of the recall, according to a company notice sent to dealers and obtained by Automotive News.
The company says it also will provide financial assistance to defray floorplanning costs incurred from the temporary suspension of vehicle sales at Honda and Acura dealers.
Honda informed dealers that the reimbursement plan will take effect the week of March 28. But it has not finalized the claim process, according to the notice, and replacement components will not arrive before summer. An American Honda spokesman said the dealer-assistance program is scheduled to end July 29.
Multiple automakers are sorting through a safety recall of more than 29 million potentially faulty airbag inflators built by Takata Corp.
In early February, American Honda ordered a stop-sale on 1.7 million new and used cars and light trucks, including the popular CR-V crossover, spanning the 2007-15 model years.
“American Honda has taken steps to assist U.S. dealers with some of the implications of the most recent Takata airbag inflator recall, for which replacement parts may be delayed until this summer,” the spokesman said in an emailed statement.
“This effort includes a Trade-In-Assistance program that will benefit both the dealers and, ultimately, owners of affected vehicles seeking to trade in their vehicles through one of our dealers, since the dealers are not able to sell such vehicles until the recall repair is completed.”
The widespread Takata recalls stem from concern that airbag inflators in affected models could malfunction, deploy prematurely and spray shrapnel, resulting in passenger injury. According to the National Highway Traffic Safety Administration, 10 deaths have been linked to the defect.