Japan Autos Report Q2 2014

Japan Autos Report Q2 2014

Published: February 2014
Publisher: Business Monitor International (BMI)
Product ref: 194770
Pages: 81
Format: PDF
Delivery: Immediate download

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According to the Japan Automobile Manufacturers Association (JAMA), auto production in Japan rose 10.2% year-on-year (y-o-y) in November 2013 (latest available), to 846,151 units, bringing output for the first 11 months of 2013 to 9,240,365 units, a decrease of 4.2% y-o-y. Total output for 2013 is likely to miss our current estimate of 10.07mn units and we have therefore downgraded our 2013 production growth estimate slightly to 9.7mn units, a contraction of 2.5%. We remain downbeat on the market in 2014 and forecast a 2.0% contraction in auto production, which will entail another year of declining output for the industry.

Automakers will enjoy a production boost from now until Q114 as they expand output to meet rising demand in the short term. Due to the planned consumption tax increase in April 2014 from 5.0% to 8.0%, consumers are expected to front load their car purchases before the hike and carmakers will look to increase production to satisfy this demand.

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By market: Japan (in Asia)


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