Japanese car sales decline globally, with weak performance in China as the main drag

Japanese Media: China Market's Shift Away from Gasoline Vehicles Impacts Global Sales of Japanese Automakers

According to a report by Kyodo News on August 28: The eight major Japanese automakers announced that their global sales in July reached 2,021,690 units, a decrease of 1.0% compared to the same period last year.

The escalating global gasoline prices due to the Middle East situation, coupled with Chinese consumers increasingly avoiding gasoline-powered vehicles, have led to a continuous decline in sales of Japanese cars in the Chinese market. This has affected five Japanese companies, including Toyota and Nissan, resulting in lower global sales figures.

Toyota’s global sales dropped by 4.8% to 856,125 units. Particularly weak performance was seen in the Chinese market, where sales fell to 114,747 units—a decline of 24.3%.

Nissan’s global sales amounted to 219,495 units, down 16.5%, with Chinese market sales halved, dropping by 58.7%, showing particularly poor performance.

Mazda saw its U.S. sales decline by 6.7% to 103,906 units after a strong performance last year. Daihatsu’s sales decreased by 0.5%, while Mitsubishi’s sales declined by 4.5%.

Original article: toutiao.com/article/1874753279195136/

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