Toyota’s (including Lexus) light vehicle sales in the United States fell 1.8% year-on-year in 2019 to 2.3 million units. Although sales have declined for the fourth consecutive year after peaking at 2.49 million units in 2015, sales volume has remained above 95% of the peak level in 2019, maintaining strong performance. As the US market as a whole fell 1.5%, Toyota's share declined slightly to 14.0%. While passenger vehicles dropped 4.9% to 850,000 units, light trucks increased 750 units to 1.53 million units, indicating that the trend of shifting demanRead more...

Rico Auto Industries, an automobile casting parts supplier in India, is diversifying its product lineup and business. The company manufactures cast aluminum and iron parts of engines, transmissions and suspensions. The engine parts and transmission parts businesses account for 80% of sales, its operations highly depending on internal combustion engine components. For this reason, the company has expanded its product range to motorcycle safety parts in recent years. Rico Auto Industries is also focusing on the development of BEV components such as motor hRead more...

Indonesia’s automobile market fell 10.5% year-on-year to 1.03 million units in 2019. By vehicle type, passenger vehicles fell 10.2% to 786,000 units and commercial vehicles declined 11.6% to 245,000 units, both going down double digits. The market continued to recover for three consecutive years from 2016 to 2018, but it dropped in 2019 due to falling commodity prices and uncertainties prior to the general election in April of the same year, sales decreasing to 1 million units. By brand, top brands declined across the board. Indonesia’s largest automaRead more...