Japan’s auto output down nearly 10% in January
Japanese carmakers have started 2015 with a drop of almost 10% in automobile output on a year-on-year comparison in January, the Japan Automobile Manufacturers Assn (Jama) said on Friday February 27.
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Auto production moved down by 9.7% to 777,656 units in the first month of the year, making this the seventh consecutive decrease on a year-on-year basis as companies struggle with a contraction in local demand following the rise in the country’s consumption tax in April last year.
Output of passenger cars dipped 11% to 656,943 units, while production of trucks slid just 0.2% to 110,120 units, according to Jama’s figures.
Bus output saw a 15.6% contraction, to 10,593 units.
Meanwhile, domestic automobile sales in Japan totalled 401,366 units, down 19.1%, with shipments of passenger car collapsing 20.7% to 344,040 units and those of trucks falling 8.6% to 56,590 units.
Local sales of buses, on the other hand, were up by 26.7% to 736 units.
An exactly opposite trend was seen in the case of exports, according to Jama.
Japanese carmakers exported 3.9% more passenger cars in January this year than in the corresponding month of 2014, at 296,932 units, and 17.8% more trucks, at 35,327 units, while shipments abroad of buses dropped 11.7% to 9,613 units.
Automobiles accounted for roughly 45% of the total steel demand in Japan’s manufacturing industry between April and December 2014, according to figures from the Japan Iron & Steel Federation (JISF).