Japan’s new vehicle market plunged 19% to 344,816 units in February 2024 from 426,726 units a year earlier, according to the Japan Automobile Manufacturers Association.

The sharp decline reflected mainly the suspension of Daihatsu production following the safety test falsification scandal which blew up in December, which also affected sales of models shared with Toyota and Mazda.

Year earlier sales were also strong as production recovered from supply chain shortages in 2023.

Sales in the first two months of 2024 were down 16% at 679,692 units from 809,064 a year earlier, with passenger vehicle sales falling14% to 583,920 units while truck sales plunged 29% to 94,046 units.

Sales of medium and large buses and coaches were unaffected by scandal with their segment growing 40% to 1,726 units year to date as it continued to recover from earlier Covid travel restrictions.

Toyota sales fell 25% to 201,692 units YTD with deliveries also affected by a test data rigging scandal at an affiliated diesel engine supplier. Daihatsu sales plunged 72% to 30,053 units following a 13% drop in December while Mazda sales were down 29% at 23,340 units.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Companies not affected by the recent Toyota Group scandals fared much better such as Suzuki with an 8% sales rise to 122,135 units, Honda 110,542 (+16%) and Nissan 88,616 (+6%).