Chinese Automakers Step Up Exports to Emerging Markets, Strengthening Their Presence in Overseas Markets
Chinese Automakers Step Up Exports to Emerging Markets, Strengthening Their Presence in Overseas Markets China’s automobile exports decreased 1.6% year-on-year in 2019 to 1.02 million units, of which passenger vehicles dropped 4.3% to 725,000 units, but commercial vehicles increased 5.7% to 299,000 units. The Sino-US trade friction and the decline in exports to Iran due to US economic sanctions on the Middle Eastern nation are thought to be the main causes of the decline. Against the backdrop of the stagnating Chinese automobile market, automakers haveRead more...
|2020.06.29||China||New Models Sales Production Policy||Geely Automobile Focuses on Connected and Autonomous Driving Technologies|
|2020.06.22||China||Sales Policy||Ford Motor Launches China-only Models, Localizes Lincoln Brand to Turn Around Sales in China|
|2020.06.15||China||Production||China’s xEV Passenger Vehicle Production Slows Down Significantly in 2019|
Toyota Motor’s Sales Revenue and Operating Profit Slightly Decline in Fiscal 2019
Toyota Motor’s consolidated business results for fiscal 2019 were 29.9 trillion JPY in sales, down 1.0% from the previous year, and 2.4 trillion JPY in operating profit, down 1.0% year-on-year. In addition to the Sino-US trade friction, results were also negatively impacted by the outbreak of the new coronavirus. Although the financial results were relatively solid, Toyota expects that the impact of the new coronavirus will appear more strongly from 2020 onward. While there are many uncertainties regarding the financial forecast for fiscal 2020, Toyota hRead more...
|2020.06.29||Japan||Sales Production||Suzuki Motor’s Improving Operating Income Was Dealt a Blow by the New Coronavirus in Q4 of FY 2019|
|2020.06.22||Japan||Production||Overseas Production of Japanese Automakers Declines in All Major Markets Except China in 2019|
|2020.06.15||Japan||Technology Policy||Toyota Motor Is Considering Commercialization of “Flying Cars” in the Early 2020s|
India’s Automobile Sales by Segment in 2019 Decrease 13.4% to 3.85 Million Units
India’s automobile market fell 13.4% year-on-year in 2019 to 3.85 million units. Structural factors include the country’s economic downturn and rising vehicle prices associated with compliance with stricter environmental and safety regulations. As a result, all segments declined apart from the small SUV and small MPV segments, underlining the rising popularity of small utility vehicles. Passenger car sales dropped 20.5% to 1.78 million units. Until 2018, the share of passenger cars in the Indian market had consistently exceeded 50%, but in 2019 it wasRead more...
|2020.06.29||India||Sales Production Export||India’s Motorcycle Production Drops in 2019 Due to Economic Downturn, Tightened Emission Regulations|
|2020.06.22||India||Sales Production Export Policy||Nissan Motor’s 2019 Production and Sales Drop Double Digits in India|
|2020.06.15||India Japan||Sales Production Export Policy||Suzuki Motor Expands Production Capacity and Sales Network in India to Remain on Top|
Vietnam’s Automobile Sales by Segment in 2019 Increase 13.3% to 386,000 Units
Vietnam’s automobile sales increased 13.3% year-on-year to 386,000 units. The double-digit increase was driven by SUVs whose market share went up 5.5pp to 23.7%. In addition, the Mitsubishi Xpander boosted demand for small MPVs in 2019, creating competition among segments. Passenger cars increased 4.2% to 162,000 units. Of which the segment-leader B segment rose 16.5% to 74,000 units. Vietnam’s best-selling model Toyota Vios sold virtually the same number of vehicles, over 27,000 units, as the previous year. The Hyundai Accent, ranked second in the B Read more...
|2020.06.29||Malaysia||Sales Production Policy||Malaysia’s Commercial Vehicle Sales Decline Double Digits Due to Restrained Public Investment|
|2020.06.22||Philippines||New Models Sales Production||Philippine Motorcycle Sales Reach Record High Level in 2019|
|2020.06.15||Indonesia||Export||Indonesia’s Automobile Exports Reach a New Record High in 2019|
|2020.06.15||S. Korea||Sales Policy||South Korea’s EV Sales in 2019 Increased by 12%, HEV/BEV Incentives Gradually Cutting Down|