Suzuki Motor’s 2023 Sales Results of Automobiles in Japan

2024-03-01 New!

Suzuki Motor’s automobile sales in Japan in 2023 increased by 7.9% from the previous year to 650,567 units, expanding for the first time in five years. However, as the growth rate was lower than the growth rate of the entire Japanese automobile market, up 13.8%, the automaker’s share fell by 0.7 point to 13.6%. Sales of light vehicles (660cc and below) increased by 6.1% to 531,707 units, but their market share dropped by 0.1 point to 30.5%. Of these, light passenger vehicles went up by 6.6% to 402,379 units, and light commercial vehicles rose by 4.5% toRead more...

Mazda Motor’s 2023 Sales Results of Automobiles in Japan

2024-02-28 New!

Mazda Motor's 2023 automobile sales in Japan increased by 10.3% from the previous year to 177,864 units. After hitting the lowest level since 1970 in 2021 due to the impact of the semiconductor shortage, sales volume began to rise in 2022 as the semiconductor shortage eased in the second half and new models entered the market. In 2023, SUV sales were strong, with double-digit growth. SUVs showed a significant increase of 22.9% year-on-year to 94,071 units, while the sedan / hatchback category decreased by 7.5% to 37,450 units, and sporty models dropped Read more...

Japan’s 2023 Imported Vehicle Sales Results

2024-02-27 New!

Sales of imported vehicles in Japan in 2023 increased by 0.5% from the previous year to 311,367 units. Of this, sales of foreign brands went up by 2.5% to 248,329 units, but the total market share shrank by 0.6 point to 5.2%. In contrast to the Japanese market, which grew by some 10% year-on-year, overseas brands continued to be affected by vehicle supply shortages and price hikes due to high prices and a weak yen. Passenger cars (sedans and hatchbacks) decreased by 7.7% to 114,162 units, while SUVs increased by 13.4% to 114,633 units, surpassing passenRead more...

Mitsubishi Motors’ 2023 Sales Results of Automobiles in Japan

2024-02-22

Mitsubishi Motors’ vehicle sales in Japan in 2023 increased by 14.6% from the previous year to 103,738 units, going up for the third consecutive year. Although it appears that parts supply shortage is no longer an issue, Mitsubishi Motors said that the backlog of orders as of the end of October 2023 has not been resolved, and the impact of the semiconductor shortage continues. The company’s market share inched up by 0.4 points to 2.6%, exceeding the previous year. Looking at domestic sales volume by model in 2023, the most notable increases were achieveRead more...

Honda Motor’s 2023 Sales Results of Automobiles in Japan

2024-02-20

Honda Motor’s automobile sales in Japan in 2023 increased by 4.6% from the previous year to 594,285 units, while its market share decreased by 1.1 points to 12.4%. Sales of standard vehicles (above 660cc) sales went up by 2.5% to 275,722 units, while their market share dropped by 1.4 points to 9.1%. Meanwhile, sales of light vehicles increased by 6.6% to 318,563 units, and their market share was 18.3%, the same as the previous year. Honda’s ratio of light vehicle sales increased by 1.0 point to 53.6%, a new record high. Looking at sales by model, sales Read more...

Nissan Motor’s 2023 Sales Results of Automobiles in Japan

2024-02-19

Nissan Motor’s automobile sales in Japan for the full year 2023 were 480,673 units, an increase of 6.9% from the previous year, going up for the first time in five years. Nissan’s domestic sales had been above 600,000 units until 2014, except in 2009, immediately after the Lehman shock, and in 2011, when the Great East Japan Earthquake occurred, but they fell below 600,000 units in 2015. After that, sales remained slightly below 600,000 units per year, exceeding the 600,000-unit mark in 2019 right before the coronavirus. Restrictions on economic activitRead more...

Toyota Motor’s 2023 Sales Results of Automobiles in Japan

2024-02-15

Toyota Motor’s domestic vehicle sales for the full year 2023 increased by 29.8% from the previous year to 1,672,750 units, exceeding the annual sales figure of 1.6 million units for the first time in four years. Toyota’s domestic sales have generally remained at around 1.6 million units since 2000, excluding periods affected by the Lehman Shock, the Great East Japan Earthquake, and the coronavirus pandemic. In the early 2000s, there were years when sales exceeded 1.7 million units. However, in recent years, the only years in which sales have reached the Read more...

Domestic Sales Results of Japanese Commercial Vehicle Manufacturers in 2023

2024-02-14

In 2023, commercial vehicle sales in Japan by the four domestic commercial vehicle manufacturers (Isuzu Motors, UD Trucks, Hino Motors, Mitsubishi Fuso) reached 154,323 units, an increase of 24.2% from the previous year. Sales volume went up due to a recovery in parts supply. Light trucks increased by 26.2% to 79,374 units, medium and heavy trucks rose by 19.0% to 66,497 units, and buses went up by 53.5% to 8,410 units. Looking at the medium and heavy trucks segment, sales of the loading capacity over 12t class increased by 27.8% year-on-year to 26,000 uRead more...

Projection of Thailand’s Automobile Market in 2024

2024-02-09

Thailand’s automobile market is expected to fall below 800,000 units in 2023, settling down to around 787,000 units due to factors such as a decline in consumer purchasing appetite triggered by rising interest rates. On the other hand, in 2024, sales are predicted to recover to a level of over 800,000 units, considering the effect of the economic stimulus measures of the new Srettha administration, which was inaugurated in August 2023. Since the beginning of 2023, automobile sales have been down from the previous year in every month, except May, until SRead more...

Projection of Indonesia’s Automobile Market in 2024

2024-02-07

FOURIN (owner of this website) predicts that the Indonesian automobile market will shrink to around 1.02 million units in 2023, down 2.7% from the previous year. In addition to the depreciation of the rupiah and the accompanying rise in interest rates, the uncertainty surrounding the presidential election scheduled for February 2024 coupled with a wait-and-see mood, pushed down sales from the same month of the previous year since the second half of 2023. Although economic recovery from the coronavirus pandemic is progressing, it is still affected by the Read more...

Projection of India’s Automobile Market in 2024

2024-02-02

The Indian automobile market in 2023 is expected to reach a new record high for the second consecutive year, exceeding 5 million units for the first time, reaching 5.08 million units, an increase of 350,000 units compared to the previous year. On the other hand, although sales are expected to reach a new record high in 2024, the growth pace of the automobile market is expected to slow down to around 5.2 million units. In 2023, semiconductor supply constraints eased, so the supply of automobiles recovered. As a result, the backlog of orders was cleared. Read more...

India’s BEV Motorcycle Sales Increased Nearly 40% in 2023

2024-01-29

Sales of BEV motorcycles in India in 2023 (excluding low-speed BEV motorcycles with a maximum speed of 25 km/h or less) increased by 36.1% from the previous year to 859,085 units. The share of BEVs in the motorcycle market went up by 1.0 point to 4.9%. Although sales rose nearly 40%, from June 2023 FAME II BEV purchase subsidy was reduced from 15,000 INR to 10,000 INR per kWh of battery capacity, and the upper limit was also lowered from 40% of the ex-factory price to 15%. As a result, sales from June to December increased only 13.1% compared to the sameRead more...

Mercedes-Benz Maintains Top Position Among Foreign Brands in Japan

2024-01-26

Mercedes-Benz's sales volume in Japan was 45,584 units from January to November 2023, nearly on par with the previous year. As a foreign brand, it overtook VW to take the number one spot in 2015, and has maintained the same position ever since, with a market share of around 21%. Mercedes-AMG models accounted for 6.7% and BEVs for 7.3% of global vehicle sales in 2022, but in Japan they accounted for 17.8% and 8.9% respectively from January to November 2023. ICEV models accounted for 98% of sales in 2017 but dropped to 58% from January to November 2023. TRead more...

Taiwan’s Electric Motorcycle Sales Peaked Despite Continued Subsidies

2024-01-22

Motorcycle sales in Taiwan (TTVMA member companies only) were strong at 663,628 units, an increase of 16.9% year-on-year from January to October 2023, but sales of BEV motorcycles decreased by 1.9% to 66,001 units. The BEV ratio in motorcycle sales was 12.2% in 2022. Meanwhile, in the first 10 months of 2023, it was 9.9%. Sales of BEV motorcycles rapidly increased to 168,537 units in 2019, and the BEV ratio rose to 18.7%, but since then sales have remained in the 80,000-90,000 unit-range per year, with BEV ratio around 10%-12%. In Taiwan, the central goRead more...

Overview of Kazakhstan’s Automobile Market in 2022

2024-01-18

In Kazakhstan, both automobile manufacturing and sales have been on a recovery trend since 2016, and in 2022, sales reached the third highest ever and production rose to the highest ever. Light vehicle sales increased by 5.5% year on year to 120,546 units, recovering to the third highest level since 2004, since continuous data is available. Looking at data by brand, Chevrolet maintained its lead with sales of 34,289 units, an increase of 17.8%. Hyundai remained second with 29,206, going up 27.5%. Kia rose to third place, up 48.6% year-on-year to 14,421 Read more...

Overview of Uzbekistan’s Automobile Market in 2022

2024-01-15

Uzbekistan's automobile production volume is estimated to have increased by 38.0% year on year to 333,000 units in 2022. It exceeded 300,000 units for the first time, setting a new record high. This was largely because UzAuto Motors (formerly GM Uzbekistan), a local automobile company that produces passenger cars, increased sales by 40% to 328,000 units. In the first half of the year, a shortage of parts was a hindrance, but with the cooperation of GM, which supplies parts, production expanded in the second half. However, since the domestic market, whichRead more...

Overview of Laos’ Automobile Market in 2022

2024-01-12

In 2022, automobile sales in Laos (based on imported licenses for CBUs or KD kits) increased by 29.8% from the previous year to 21,887 units, recovering for the second consecutive year and exceeding 20,000 units for the first time in three years. The real GDP growth rate in 2022 was 2.3%, an increase of 0.2 points from the previous year, which is lower than before the coronavirus, when it was hovering at a level of over 4.0%, but demand for automobiles was steady. Looking at sales by vehicle type, both passenger vehicles and commercial vehicles increaseRead more...

Overview of Bahrain’s Automobile Market in 2022

2024-01-10

Bahrain’s vehicle sales in 2022 dropped to 24,082 units, down 2.5% from the previous year. This is the third lowest level since the 2000s. Looking at sales by brand, Toyota ranked first, with a 14.7% decrease from the previous year to 7,744 units, and its market share dropped by 4.5 points to 32.2%. Nissan in second place had sales of 2,700 units, down 5.6% year on year, and its share fell by 0.4 points to 11.2%. Sales of Chinese brands were on thew rise. SAIC Motor’s MG brand increased by 44.7% year on year to 1,143 units, moving from 8th place in theRead more...

Overview of Qatar’s Automobile Market in 2022

2024-01-05

Qatar’s automobile sales in 2022 increased by 35.5% year-on-year to 56,668 units, significantly exceeding the pre-coronavirus level of some 45,000 units in 2019. This is the first time in five years that sales exceeded 50,000 units, but it remains two-thirds of the last peak of 90,000-100,000 units from 2013 to 2015. Looking at sales by brand, Toyota maintained a 50% share with demand increasing by 58.7% to 21,008 units. Nissan in second place struggled with sales increasing only by 0.1% to 5,003 units. Suzuki’s sales rose 2.2 times to 2,857 units, risRead more...

Overview of Jordan’s Automobile Market in 2022

2023-12-28

Automobile sales in Jordan increased by 16.4% to 34,543 units in 2022. Although at last sales rose above the 30,000-unit level where it remained since 2018, demand remains at about half of the 60,000-70,000-unit level of the 2010s. Looking at sales by brand, Toyota maintained its lead with 13,833 units, an increase of 19.5%. Toyota controls 40% of the market, but the rise of Chinese automakers has been noticeable in recent years. Sales of SAIC Motor’s MG went up by 62.5% year-on-year to 1,859 units, and Chana also entered the top 10. Jordan’s automobileRead more...

Overview of Lebanon’s Automobile Market in 2022

2023-12-25

Automobile sales in Lebanon increased by 53.3% from the previous year to 17,139 units in 2022. Although demand has recovered for two consecutive years, it remains below 40% of its peak level of 50,000 units from 2014 to 2017. Looking at sales by brand, Toyota maintained its lead with sales of 5,617 units, an increase of 31.1%. Five of the top 10 models are Toyota vehicles. Out of the top five brands, Mitsubishi, Kia, and Renault saw sales growth of around three times that of the previous year. Although the automobile market has improved slightly, the coRead more...

Overview of Oman’s Automobile Market in 2022

2023-12-22

Oman's automobile sales in 2022 decreased by 10.3% from the previous year to 64,760 units. Compared to the peak level of around 200,000 units achieved in 2008 and 2012-2015, 2022’s result is only about one-third. Market-leader Toyota saw a 9.7% decline in sales to 30,452 units, but its market share increased by 0.3 point to 47.0%. The Toyota Land Cruiser led the sales with 11,000 units, down 4.5%, and Toyota Hilux came in second with 8,251 units, down 23.0%. Second-placed Nissan sold 7,371 units, down 41.8% from the previous year, and its market share fRead more...

Overview of Kuwait’s Automobile Market in 2022

2023-12-21

Automobile sales in Kuwait increased by 11.4% from the previous year to 113,000 units in 2022. Although demand has recovered for three consecutive years and exceeded the 110,000 units sold in 2019, sales remained at just over 70% of the peak of 150,000 units achieved in 2013-2015. Market leader Toyota increased its sales by 41.5% to 41,440 units, and its market share recovered to 36.5%, an increase of 7.7 points. Chevrolet rose 18.4% to 8,970 units, overtaking Nissan, which fell 32.7% to 7,657 units. The US brand’s market share expanded from 7.4% in the Read more...

Overview of the United Arab Emirates’ Automobile Market in 2022

2023-12-19

Automobile sales in the United Arab Emirates (UAE) in 2022 increased by 13.3% from the previous year to 218,000 units, recovering to the pre-coronavirus level of around 220,000 units. However, it is still a little more than half of the previous peak of over 400,000 units in 2015. The market composition by brand remains unchanged, with Japanese marques having a strong presence, but China’s MG of SAIC Motor entered the top 10, rising from 13th place the previous year to 8th position. The UAE has been focusing on clean energy since around 2020, and in JanuRead more...

Overview of Saudi Arabia’s Automobile Market in 2022

2023-12-15

Saudi Arabia’s automobile sales in 2022 increased by 12.3% from the previous year to 637,000 units. Although the increase was smaller than the previous year, it exceeded 600,000 units for the first time in six years. Toyota ranked first among all brands with sales increasing by 23.1% year on year to 198,000 units, expanding its market share by 2.7 points to 31.1%. The government has set a goal of increasing automobile production in the country to 500,000 units by 2030. In response to that, global automakers have announced one after another to launch locRead more...

China’s Shenzhen MINIEYE Technology Strengthens Development of Driving Support Solutions

2023-12-13

The predecessor of Shenzhen MINIEYE Technology was launched in 2012 as an ADAS project supported by the Media Development Authority of Singapore (MDA). Founder Liu Guoqing transferred the project to China in 2013 and incorporated it in 2014. Since no significant progress has been made in the practical application of autonomous driving technology beyond Level 3, MINIEYE is working on the development of more realistic ADAS and NOA (Navigation on Autopilot) technologies up to Level 2++. As of October 2023, MINIEYE was developing iSafety, an ADAS system equiRead more...

Overview of Iran’s Automobile Market in 2022

2023-12-11

Iran's automobile production in 2022 increased by 49.6% from the previous year to 1.348 million units, exceeding 1 million units for the first time in four years and the third highest level on record. Based on this, Iran's Ministry of Industry, Mine and Trade has revised its automobile industry strategy for 2023. According to media sources sales are expected to be around 1.8 million units. At the end of May 2022, Iran lifted ban on car imports for the first time in three years. In addition to filling the Iranian government's estimate of a shortfall in dRead more...

China’s Yanfeng Automotive Trim Systems Focuses on Digital Cockpits for Autonomous Driving Vehicles

2023-12-08

In 2022, Yanfeng Automotive Trim Systems increased sales by 13.2% from the previous year to 100.6 billion CNY, benefiting from rising demand due to the expansion of the Chinese automobile market. However, operating profit fell 12.7% year on year to 5.15 billion CNY due to soaring raw material prices and increased research and development costs for products such as the digital cockpits. Currently, with the trend towards smarter automobile products, Yanfeng Automotive Trim Systems is focusing on the digital cockpit sector. In April 2023, it announced the Read more...

China’s Broad-Ocean Motor Increases Production Capacity for NEV Powertrain Systems

2023-12-06

Broad-Ocean Motor, a major Chinese motor manufacturer, increased sales by 9.1% in 2022 from the previous year to 10.93 billion CNY, and raised operating profit by 1.8 times to 590 million CNY. Sales continued to be strong from January to September 2023, increasing 4.1% year-on-year to 8.50 billion CNY. Meanwhile operating income went up 12.1% year-on-year to 660 million CNY. Broad-Ocean Motor has set a sales target of 11.5 billion CNY for 2023, an increase of 5.2% from the previous year. The target achievement rate as of the end of September 2023 was 73Read more...

China’s Zhito Launches Level 2-4 Heavy-duty Trucks for Road Logistics, Industrial Parks

2023-12-04

Suzhou Zhito Technology, established by FAW Jiefang Automotive in August 2019, specializes in the development of autonomous driving technology for commercial vehicles. Zhito has developed technology platforms such as AI algorithms, hardware, middleware, software and security for autonomous driving systems. The company also provides other autonomous driving and logistics solutions with the aim of operating in main-road logistics, industrial parks, and wharves. In order to improve autonomous driving technology, Zhito is strengthening cooperation with LiDARead more...

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