Japan’s Automakers Continue Rebound, Toyota Unstoppable

Japan's automakers released global production and sales data for July today. It is an ancient Japanese tradition, which is also shared by large European carmakers, but shunned by most American globals. GM for instance reports only quarterly on a global basis, and keeps observers guessing in between. July data released by Japanese large automakers shows a strong rebound after last year's multiple disasters. Honda looks especially strong, while Toyota's march towards regaining the title "World's largest automaker 2012" appears unstoppable. Global Production Top Three Japan, July 2012 July '12 July'11 YoY 7M '12 7M '11 YoY Toyota 878,324 678,916 29.4% 6,126,101 4,054,608 51.1% Nissan 408,309 388,680 5.1% 2,961,528 2,533,424 16.9% Honda 345,180 206,727 67.0% 2,507,995 1,509,442 66.2% Source: Company data Japan's Top Three continue their strong recovery after last year's tsunami. Hardest hit Honda is back very strong and is in shouting distance of Nissan. What makes Honda's numbers especially impressive is the fact that its Thai hub was submerged by floods and closed until March of this year. Nissan's numbers look  weak  because Nissan was least affected by the tsunami. Top 3 World, July Production and Full Year Forecast 7M '12 7M '11 YoY Proj '12 Toyota 6,126,101 4,054,608 51.1% 10,502,000 GM 5,619,000 5,515,000 1.9% 9,633,000 Volkswagen 5,190,000 4,750,000 9.3% 8,897,000 Black: Company data. Blue: Projection, based on last available Toyota, GM: Production. VW: Deliveries. Forecast by TTAC Tracking the race for world's largest automaker, there is little change from last month. January through July, Toyota is half a million units ahead of number two which is some 400,000 units ahead of Volkswagen. This trend has been unchanged throughout the year . It most likely won't change by year's end – unless something drastic happens. Due to the non-publishing of GM numbers, they had to be projected for July. from The Truth About Cars http://www.thetruthaboutcars.com

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