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Japan Auto Output Drops 10.9% in August; Domestic Sales Down 10.7%

30 September 2008

Japan automobile production in August 2008 dropped 10.9% to 769,829 from 864,283 units in the same month last year, according to data from the Japan Automobile Manufacturers Association. This marks the first year-on-year decline in production in thirteen months.

Production of all passenger cars dropped 10.7% to 653,485 units. Standard cars with engines of larger than 2.0-liter displacement dropped 10.1% to 393,080 units; small cars dropped 12.2% to 172,334 units; and mini cars with engines of less than 0.6-liter displacement dropped 10.5% to 88,071 units.

Production of trucks dropped 14.1%. Standard trucks were down 5.4% to 54,822 units, while production of small trucks dropped 18.2% to 23,694 units. Mini trucks (engines of less that 0.66-liter displacement) were down 24.5% to 28,395 units.

Exports dropped 2.2% in August to 496,735 vehicles—the first year-on-year drop in exports in 37 months—on a decline in passenger car exports.

Passenger car exports were down 4.0% to 430,691 units; truck exports rose 6.7% to 54,363 units, and bus exports rose 39.3% to 11,681 units.

Japan domestic sales in August 2008 posted 310,091 vehicles, down 10.7% compared with August 2007. Passenger car sales dropped 8.0% to 255,295 units; trucks were down 21.4% to 53,730 units; and buses were down 23.9% to 1,066 units.

September 30, 2008 in Brief | Permalink | Comments (3) | TrackBack (0)

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Comments

Crash and panic everywhere! Apocalypse now.

This is not a recession in Japan, it is people noticing that the BEV is going to show up next year, so 10% of the potential buyers are holding onto the old guzzler till the new fuel efficient BEV is marketed.

All available BEV's are already sold this year.

The Japanese economy is actually performinbetter than it has for most of the last decade, able to take advantage of the global ecoomic situation and buy a major American bank.
just maybe the consumers are limiting their purchases now into the not so vitally neccessary motor car.
When fuel prices and emission concerns take a higer priority. The pubic transport system is in a better condition than some.

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