New vehicle sales in Japan declined 7% to 349,335 units in July 2022 from 377,448 a year earlier, according to the Japan Automobile Manufacturers Association.
The global semiconductor shortage continued to affect supply of vehicles to dealers with the lockdowns in Shanghai in the second quarter causing additional supply chain shortages. Economic activity in the country was expected to have increased by around 2.5% year on year in the second quarter with private consumption recovering after Covid restrictions were lifted in March. The rebound was expected to slow in the third quarter as surging inflation dampens consumer sentiment.
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Year to date (YTD) sales declined 14% to 2,435,513 units from 2,842,034 a year earlier, with passenger vehicle sales falling 15% to 2,001,056 and truck sales down 11% at 431,411 units, while sales of buses and coaches plunged 31% to 3,046.
Toyota sales fell 19% to 738,865 units YTD, with the automaker among the worst affected by the continued supply chain disruption, while Honda held on to second place with a sales decline of 7.4% to 341,250 units, followed by Suzuki with 337,742 (-13.3%), Daihatsu 316,518 (-14.2%), Nissan 269,239 (-5.5%) and Mazda 93,809 (-7.7%).
Sales of imported vehicles were down 16% to 132,248 units year to date.
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By GlobalData
