Japan passenger car sales contract further in Jan 2016 – JAMA

Mark Victory

08-Feb-2016

LONDON (ICIS)–Japanese passenger car sales fell by 4.38% in January year on year, according to data from the Japan Automobile Manufacturers Association (JAMA) on Monday, as the country’s auto market continues to shrink.

Despite the headline falls in passenger car sales, sales of standard size vehicles saw a 22.71% rise in January year on year. Nevertheless, this was counterbalanced by falls in small and mini-class vehicles of 17.19% and 13.05% respectively.

Of the Japan majors, only Toyota, Lexus and Subaru saw year-on-year sales growth in January 2016, and with Subaru’s growth marginal at 0.24%.

Toyota saw a 5.21% growth in new passenger car sales year on year in Japan, while Lexus achieved an impressive 35.92% growth in sales, although they saw the lowest market share of any of the majors – just 4.87% of the passenger car sales volume of market leader Toyota.

Toyota sold almost double the number of passenger cars compared to its closest rival, Honda, and accounted for 29.57% of total Japanese passenger car sales in January.

Japan January 2016 passenger car sales with percentage volume of January 2015 sales in brackets
(eg 100% equates to flat sales year on year)

Standard

Small

Mini

Total

TOYOTA

47,792

48,163

1,334

97,289

(140.41%)

(84.24%)

(105.7%)

(105.21%)

NISSAN

15,722

12,162

15,526

43,410

(114.34%)

(79.89%)

(80.25%)

(89.84%)

MAZDA

9,501

6,954

3,138

19,593

(115.66%)

(77.48%)

(80.31%)

(92.87%)

MITSUBISHI

2,815

1,115

3,618

7,548

(111.57%)

(122.79%)

(85.69%)

(98.62%)

DAIHATSU

15

100

38,186

38,301

(65.21%)

(103.09%)

(96.05%)

(96.05%)

HONDA

10,610

15,945

22,628

49,183

(133.79%)

(72.59%)

(71.76%)

(80.06%)

SUBARU

11,023

66

1,650

12,739

(102.67%)

(97.05%)

(86.65%)

(100.24%)

SUZUKI

441

6,240

32,526

39,207

(324.26%)

(118.09%)

(94.35%)

(98.28%)

LEXUS

4,737

4,737

(135.92%)

(-%)

(-%)

(135.92%)

Others

15,528

1,455

4

16,987

(100.36%)

(88.66%)

(66.66%)

(99.23%)

TOTAL

118,184

92,200

118,610

328,994

(122.71%)

(82.81%)

(86.95%)

(95.62%)

The automotive industry is major global consumer of petrochemicals which contribute more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

ICIS has launched a Global Automotive report covering the major automotive chemicals markets, and auto-industry and macroeconomic trends. For more information on the report and details on how to subscribe, please email automotive@icis.com

ICIS has published a global automotive petrochemical outlook which examines the major trends expected in 2016 for regional petrochemical markets and macroeconomics, global crude oil and gasoline trends, and takes a closer look at the PP, isocyanates and PVC markets in Asia, Europe, and the Americas. To access your free copy, please click here


 


READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?