Assessment of Japanese Production (PC+LUV) over the first 6 months of 2015

 

In the first half of 2015, Japanese car production (PC + LUVs) in Japan declined by 9% to 4.6 million units. This decline is mainly due to the decline of the Japanese market (-11%) which accounts for large part of the local production (55% of total volume in 2015). So there has been a clear slowdown in production after three years during which the country significantly exceeded nine million units.


Over the whole 2015 year, it is likely that it will fall to around 8.5 million units produced, a figure almost equivalent to that experienced in 2011. In the first half of 2015, the production of passenger cars Japan was down 10.4% (3.9 million units) while that of light utility vehicles was down only 0.8% (0.7 million units).


The Toyota group, traditionally the first automobile manufacturer in Japan, is still well ahead of all its competitors but is down by 7% to 2.04 million units over this period. In second position, Nissan (+ 5% reaching 492 000 units) is one of the few manufacturers to see its production increase in Japan this year. Suzuki follows closely behind Nissan (-10% to 491 000 units), ahead of Mazda (-6% to 458 000 units), Subaru (up 3% to 346 000 units) and Honda (-37% to 330 000 units) that suffers most from the current environment. Mitsubishi (-18% to 317 000 units) and Isuzu (stable at 134 000 units) remain dead last.


By model, the Toyota Land Cruiser / Land Cruiser Prado (Lexus LX / GX) are the vehicles the most produced in Japan over this period (180,000 units), ahead of the Toyota RAV4 (158 000 units), Toyota Prius C (147 000 units) and Toyota Prius (144 000 units).


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