Automobile Sales in Post-corona China: The Rise of Online Sales with Live Commerce Increasing Its Presence
In China, as consumers tend to refrain from going out due to the corona crisis, automobile sales using live commerce is on the rise. “Live Commerce” is online shopping while watching live streaming. In other words, live commerce is the online version of teleshopping. Until now, automobile sales have typically been conducted through “4S stores.” The “S” in “4S” refers to Sales, Spare Parts, Service, and Survey. There are 4S stores in various parts of China that are licensed by automobile manufacturers, using the logo of the brand they handle. In recentRead more...
|2021.05.03||China||Sales||Nissan Motor’s Automobile Sales in China Decline 6% in 2020 to 1.45 Million Units|
|2021.04.26||China||Sales||Honda Motor’s Automobile Sales in China Reach Record High Level in 2020 Driven by HEVs and SUVs|
|2021.04.19||China||New Models Electric Vehicles||The Low-price Wuling Hongguang MINI Electric Vehicle Sells Well but Lack of Airbags Poses Concerns|
|2021.04.12||China||Sales||Toyota Motor’s Automobile Sales in China Increase 11% in 2020 to 1.8 Million Units|
|2021.03.22||China||Market Policy||Drive Battery Trends of Foreign Companies in China|
|2021.03.15||China||Market||China’s Motorcycle Market Remains on the Previous Year’s Level in 2020|
Japan: Recycling and Sharing, Supported by SDGs, Are the Keys to Reducing Battery Costs
In 2020, Toyota launched the new Lexus UX300e, C-HR / Izoa EV (sister models) and C+pods, Honda released the Honda e, and Mazda introduced the MX-30 in Japan and overseas, indicating that Japanese automakers are stepping up efforts to increase their presence in the global BEV market. From 2021, Nissan and Mitsubishi, which are ahead in BEV business, plan to launch new models. Suzuki and Subaru also have plans to release BEVs. This trend indicates that many Japanese automakers position BEVs as important products in their environmental vehicle strategy. ThRead more...
|2021.04.12||Japan||Sales||Japan’s Passenger Vehicle Sales by Engine Type and Displacement in 2020|
|2021.03.29||Japan||Policy Electric Vehicles||Toyota Expands Partnerships in Mobility Service Business and Electrification|
|2021.03.22||Japan||Sales||Japan’s Electric Passenger Vehicle Sales in December 2020|
|2021.03.15||Japan||Sales||Japan’s Light Passenger Vehicle Market Drops 10% in 2020|
India’s Automobile Production Declines 25 Percent to 3.39 Million Units in 2020, the Lowest Level Since 2009
In 2020, automobile production in India decreased 25.0% from the previous year to 3.39 million units. The impact of the nationwide lockdown implemented by the government in late March 2020 to fight the new coronavirus infection resulted in a significant drop in domestic sales and a 40% decline in CBU exports in the first half of the year. Automobile production fell to the lowest level since 2009 when the Lehman Shock devastated the global economy. Even before the pandemic, India’s production and sales of automobiles were in a contraction phase due to theRead more...
|2021.03.15||India||Sales||India: Automobile Sales Decline 23% to 2.94 Million Units in 2020|
Global Automakers Maintain or Expand R&D Investment in 2020 Despite the Pandemic
While many manufacturers saw declines in sales and profits due to the outbreak of the new coronavirus, R&D expenses tended to exceed the previous year’s level as R&D cannot be scaled back against the backdrop of overheated technological competition. Although companies are serious about cost reduction due to worsening business performance, they will maintain R&D expenses at the current level or even expand investment in vehicle electrification, autonomous driving technology, product development and other areas in order to secure a superior position in theRead more...
Taiwan’s Automobile Production Drops 2% to 250,000 Units in 2020, Domestic Demand Rises Despite the Pandemic
Taiwan's automobile production in 2020 decreased 2.3% from the previous year to 246,000 units. CBU exports fell over 40% to 19,000 units, while production for the domestic market expanded to 226,000 units, an estimated 3.5% increase. Since the decrease in production was modest, it remained at about the same level as in 2018 and 2019. The growth in production for the domestic market is attributed to the launch of new models, including the Toyota Corolla Cross, amid steady demand for new vehicles. In Taiwan, where the popularity of imported vehicles is groRead more...
South Korea’s Automobile Production Declines 11% to 3.51 Million Units in 2020, Dropping to 2009’s Level
South Korea's automobile production in 2020 fell 11.2% from the previous year to 3.51 million units. It dropped to the level of 2009 (3.51 million units) when production was affected by the Lehman Shock. In South Korea, domestic demand was robust in 2020 against the backdrop of the spread of the new coronavirus was curbed at an early stage, and sales were boosted by the reduction of the individual consumption tax on automobiles introduced in March 2020. As a result, sales of domestically produced vehicles rose 5.0% to 1.59 million units. However, due to Read more...
|2021.05.03||S. Korea||Sales||South Korea’s Automobile Sales Reach Record High Level in 2020 Despite the Pandemic|
|2021.04.26||Thailand||Sales Motorcycles||Thailand’s Motorcycle Sales Drop 12% to 1.52 Million Units in 2020|
|2021.04.19||Indonesia||Production||Indonesia’s Automobile Production Declines 47% to 690,000 Units in 2020|
|2021.04.19||Malaysia||Production||Malaysia’s Automobile Production Falls 15 Percent to 490,000 Units in 2020, Dropping to 2009’s Level|
|2021.04.19||Thailand||Production||Thailand’s Automobile Production Declines 29 Percent to 1.43 Million Units in 2020, Lowest Level Since 2011|
|2021.04.12||Malaysia||Ownership||Malaysia: Ownership Volume of Automobiles Reaches 16.38 Million Units, One in Two People Owns an Automobile|
|2021.04.12||Vietnam||Sales||Vietnam: Automobile Sales Drop 3.3% to 407,000 Units in 2020; Hyundai Dethrones Toyota|
|2021.04.05||Indonesia||Policy||Indonesia: Motorcycle Sales Fall 43.6% to 3.66 Million Units in 2020; Honda’s Share Reaching Nearly 80%|
|2021.04.05||Indonesia||Sales Motorcycles||Indonesia’s Luxury Tax System Is Proposed to Be Revised, Raising Tax Burden on HEVS|
|2021.04.05||Asia (General)||Ownership Automobiles||Middle East and Africa: Iran Leads in Automobile Ownership with Over 14 Million Units|
|2021.04.05||Pakistan||Sales Automobiles||Pakistan: Automobile Sales Fall 33.6% to 128,000 Units in 2020; Suzuki’s Share Dropping Below 50%|
|2021.03.29||Philippines||Sales||Philippines: Automobile Sales Fall 40.4% to 248,000 Units in 2020|
|2021.03.29||Indonesia||Sales||Indonesia: Automobile Sales Fall 48.5% to 532,000 Units in 2020|
|2021.03.29||Thailand||Sales||Thailand: Automobile Sales Decline 21.4% to 790,000 Units in 2020|
|2021.03.22||Pakistan||Market Policy||Pakistan’s Automobile Market Decreases by 30% in 2020|
|2021.03.22||Vietnam||Market Policy||Vietnam’s Automobile Market Decreases 10% in 2020 While GDP Growth Stays Positive|
|2021.03.15||Philippines||Market Policy||Philippines: The Automobile Market in 2020 Shrinks to 250,000 Units|