The Japanese market fell 10.0% in the first quarter of 2020

The Japanese passenger car market was down 8.9% in March 2020 from March 2019, as Japan saw the coronavirus crisis come later than China, Europe and the United States.


Curiously, the Japanese market had experienced larger declines in January 2020 (-12.1%) and February 2020 (-9.8%), unrelated to the coronavirus crisis, but rather a consequence of economic conditions in Japan.


On the cumulative 3 months 2020, the Japanese market therefore fell by 10.0%, a better result than those recorded in China, Europe and the United States.


On the other hand, the month of April being threatening as regards health in Japan, it is likely that the Japanese market will know a significant fall in April, more important than that of March.


The Japanese administration announces a period of containment and the temporary closure of factories and car dealerships in April, as happened much earlier in China, Europe and the United States.


The manufacturers most affected in the first quarter of 2020 were Mitsubishi (-23%), Nissan (-18%), Honda (-15%) and Suzuki (-12%). The Toyota group, yet the undisputed leader in sales in Japan, saw its sales fall by only 5%, and therefore its market share increased further during the quarter. Subaru is down 3.5%. Mazda is stable and is also seeing its market share increase.


20-9-4
    
 

Contact us: info@inovev.com 

Inovev platforms  >
Not yet registered ?
By keeping on browsing, on this site, you accept the use of cookies and TCU (Terms and Conditions of Use) of Inovev site (www.inovev.com)
Ok