Japan In August 2012: Back To Earth, But No Crash Landing

Japan's new car sales are coming back to normal as the government subsidies are running out. Sales of all vehicles climbed 12.4 percent in August, combined data of two industry associations show. Regular vehicle sales Japan Aug '12 Manufacturer Aug '12 Aug '11 YoY Daihatsu 211 236 -10.6% Hino 3,132 4,061 -22.9% Honda 24,376 25,549 -4.6% Isuzu 4,310 5,109 -15.6% Lexus 3,264 3,977 -17.9% Mazda 12,826 12,087 6.1% Mitsubishi 3,898 4,092 -4.7% Mitsubishi Fuso 2,482 2,609 -4.9% Nissan 31,405 33,776 -7.0% Subaru 6,798 5,387 26.2% Suzuki 6,752 5,328 26.7% Toyota 115,897 98,376 17.8% UD Trucks 585 899 -34.9% Other 16,436 15,024 9.4% Total 232,372 216,510 7.3% Sales of regular new cars, trucks and buses rose 7.3 percent to 232,372 units, the Japan Automobile Dealers Association says. Mini vehicle sales Japan Aug '12 Manufacturer Aug '12 Aug '11 YoY Suzuki 43,742 37,792 15.7% Daihatsu 45,004 41,343 8.9% Mitsubishi 4,465 5,563 -19.7% Subaru 3,970 5,585 -28.9% Honda 23,073 8,722 164.5% Mazda 3,838 3,563 7.7% Nissan 10,331 10,761 -4.0% Toyota 3,977 0 Other 5 3 66.7% Total 138,405 113,332 22.1% Separately reported sales of mini vehicles showed more life and jumped 22.1 percent to 138,405 units in August, the Japan Mini Vehicles Association reports. Total vehicle sales Japan Aug '12 Manufacturer Aug '12 Aug '11 YoY MS Aug '12 MS Aug '11 Daihatsu 45,215 41,579 8.7% 12.2% 12.6% Hino 3,132 4,061 -22.9% 0.8% 1.2% Honda 47,449 34,271 38.5% 12.8% 10.4% Isuzu 4,310 5,109 -15.6% 1.2% 1.5% Lexus 3,264 3,977 -17.9% 0.9% 1.2% Mazda 16,664 15,650 6.5% 4.5% 4.7% Mitsubishi 8,363 9,655 -13.4% 2.3% 2.9% Mitsubishi Fuso 2,482 2,609 -4.9% 0.7% 0.8% Nissan 41,736 44,537 -6.3% 11.3% 13.5% Subaru 10,768 10,972 -1.9% 2.9% 3.3% Suzuki 50,494 43,120 17.1% 13.6% 13.1% Toyota 119,874 98,376 21.9% 32.3% 29.8% UD Trucks 585 899 -34.9% 0.2% 0.3% Other 16,441 15,027 9.4% 4.4% 4.6% Total 370,777 329,842 12.4% All in all, sales climbed 12.4 percent to 370,777 units in August. January though August, the Japanese market (all vehicles) is up a whopping 46 percent to 3.8 million units, up from 2.6 million units in an earthquake-stricken 2011. Japan Big Three Aug '12 Group Toyota Motor Co Nissan Honda Units Aug '12 168,221 41,736 47,449 Units Aug '11 144,016 44,537 34,271 Units YoY 16.8% -6.3% 38.5% MS Aug '12 45.4% 11.3% 12.8% MS Aug '11 43.7% 13.5% 10.4% Units YTD '12 1,703,942 468,302 553,005 Units YTD '11 1,045,966 323,359 326,196 MS YTD '12 44.5% 12.2% 14.4% MS YTD '11 39.9% 12.3% 12.4% YoY YTD 62.9% 44.8% 69.5% Looking at the Big Three, Toyota and Honda still exceed the market, whereas Nissan is continuing its more, well, subdued course. from The Truth About Cars http://www.thetruthaboutcars.com

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