Japan’s PC + LUV market increased by 5.3% in 2017
- The Japanese automobile market (PC +LUV) increased by 5.3% in 2017, with a volume of 5,234,166 units (compared to 4,970,260 in 2016), reflecting a return to growth, since this market posted negative results since 2015. However, there is a sharp downturn since the fall of 2017 and at this rate, the Japanese market could become negative in 2018. Inovev thinks that this market could fall to 5 million units in 2018, down 4.5% from 2017.
- The manufacturers that made the most progress in 2017 in the Japanese market are Subaru (+ 13.5%) and Renault-Nissan (+ 10.6%).
- The Japanese market leader remains the Toyota group (Toyota, Lexus, Daihatsu) which occupies 44.5% of the market share in 2017, which is the same as the previous year since Toyota has increased its sales as much as the market as a whole ( + 4.5%).
- The Toyota group largely dominates its competitors since the second manufacturer, Honda does not exceed 13.8% of market share. Next are Suzuki (12.7% market share) and Renault-Nissan (11.3% market share). The other manufacturers are far behind: Mazda (4.0% market share), Subaru (3.4% market share) and Mitsubishi (1.8% market share) that we are counting separately here in order to better compare to other manufacturers.
- Imports made up 6% of the Japanese market in 2017, the same as in 2016.
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