The Japanese market shrinks by 20.1% in the first half of 2020
- The Japanese automobile market for passenger cars fell 20.1% in the first 6 months of 2020, compared to the first half of 2019, due to the coronavirus crisis. The Japanese auto market had already suffered a decline of 14.1% in the first four months of 2020 compared to the same period of 2019.
- The month of June recorded a decline of 22.6%, which was still significant, but well below the drop of 46.7% in May and 30.4% in April. The months of January, February and March were much better with decreases of -12.1%, -9.8% and -8.9% respectively. The first three months of 2020 took advantage of the fact that lockdown had not yet taken place, for the population, for factories for dealerships in Japan.
- As for imports, they have not played a significant role since for the past thirty years, the share of imports in Japan has fluctuated between 5.5% and 6.5% and therefore remain today at a very low level. Japan is one of the countries where the percentage of imports remains the lowest.
- The Japanese market decline is expected to be around 10% to 15% for the year as a whole.
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