Japanese production down 24.2% in the first 4 months of 2020

Japanese automobile production for passenger cars fell 24.2% in the first quarter of 2020, compared to the first quarter of 2019, which had been stable compared to the first quarter of 2018.


April 2020 was very poor (-49.7%), much worse than March (-18%), February (-18.5%) or January (-11.3%). The coronavirus crisis did indeed start later in Japan than in China, and even in Europe or the United States, and the impact on sales and production was therefore felt mainly from April.


The restart of the various Japanese factories should take place in May, which will allow the revival of production in the country, especially since demand on foreign markets is also expected to accelerate, which should boost exports.


According to our information, there is no problem of overstocking in Japan today as in Europe or problems of restocking of stocks, therefore the rhythm of Japanese production should acquire a normal rhythm in the next months for s '' accelerate the following months.


Taking into account the expected development of the Japanese market until the end of 2020 and that of the various export markets, the volume of production should drop by between 10% and 15% over the whole of this year.


20-11-9
    
 

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