Japan’s five largest domestic automakers on Thursday announced steep falls in their domestic sales, exports and global production in fiscal 2008/9 ended 31 March.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Toyota’s home market sales fell 10.7% year on year to 1,992,848 vehicles including those made by Daihatsu and Hino.
Mitsubishi Motors posted the steepest domestic sales decline of 23.1%, followed by Nissan Motor (15.1%), Mazda (14.5% and Honda (9.4%).
All five also reported double-digit export falls. Toyota posted a 21.4% dip to 2,298,543 vehicles and Mitsubishi again posted the steepest fall: 24.6%.
Toyota reported a 16.3% decline in global production of 8,093,389 vehicles, followed by Honda at 3,574,297 units (-9.6%), Nissan (2,918,532; -16.9%), Mazda (1,134,155; -14.4%) and Mitsubishi (1,076,334; -24.8%).
March year on year domestic sales declines ranged from 24.9% for Honda to 31.8% for Mazda while Toyota’s volume was off 27.1% to 213,994 units.
Automakers’ exports more than halved and their global output falls exceeded 35%.
