Login

Japan Automakers Post 12% Slide In July Global Vehicle Sales

Global sales at Japanese automakers slipped 12.2% in July from last year, the fifth straight month of losses, as demand for cars remains sluggish after factories and dealerships reopened following coronavirus-related lockdowns earlier this year.
Calendar-icon

By car&bike Team

clock-icon

1 mins read

Calendar-icon

Published on August 29, 2020

Follow us on

google-news-icon
Story

Highlights

    Global sales at Japanese automakers slipped 12.2% in July from last year, the fifth straight month of losses, as demand for cars remains sluggish after factories and dealerships reopened following coronavirus-related lockdowns earlier this year.

    The country's seven major automakers, including Toyota Motor Corp and Nissan Motor Co, sold a combined 2.01 million vehicles last month, according to Reuters calculations based on sales data released by the companies on Friday.

    The decline in monthly sales has slowed significantly since a 50% drop posted in April, and compared with a 21.3% fall in June. Sales in China increased on the year for most automakers, while Toyota, the country's biggest automaker, also saw growth in Europe.

    k198kab8

    Japan's major automakers, including Toyota Motor Corp and Nissan Motor Co, sold a combined 2.01 million vehicles last month

    Total global production at Japan's seven major automakers fell 14.4% year-on-year to 1.99 million units last month, improving from a 26.1% tumble in June.

    Global demand for cars has been weak since March due to virus-related stay-at-home orders in many countries, which led to a drop in visits to car dealerships and potential customers also reconsidered big purchases.

    Many countries have been easing the lockdown restrictions, but industry experts anticipate that it could take up to five years for demand to recover to 2019 levels.

    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

    Related Articles

    Latest News