Production achievements: Japan 10 months 2016 and forecast 2017
- Half of cars produced by Japanese carmakers in Japan are sold in Japan (i.e 4.5 million vehicles out of 9 million manufactured in Japan on average in recent years), which means that the domestic market has a great impact on the production of Japanese carmakers in Japan. Especially since imports play a marginal role in vehicle sales in Japan (less than 10% of total sales).
- The Japanese market experienced two very negative years in 2015 and 2016 (-9.3% in 2015 and -2.5% in 2016).
These two consecutive declines have had a direct impact on automobile production, which has declined in the last two years (-5% in 2015 and -5.6% in 2016).
These two consecutive declines have had a direct impact on automobile production, which has declined in the last two years (-5% in 2015 and -5.6% in 2016).
- For 2017, however, we can expect a relaunch in Japanese production, partly due to the likely recovery in the Japanese market (which is starting to show signs of recovery since last summer), arrival of novelties produced locally, and also the continuous growth of markets in Southeast Asia which are supplied in part, by Japanese production.
- Inovev forecasts a production of 9.14 million vehicles in Japan in 2017, compared with a volume of 8.76 million in 2016 (extrapolated over 10 months), which represents an increase of 4.4% in one year on the other.
Contact us: info@inovev.com