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New auto sales in Japan in Aug. hit 20-year low

  • September 1, 2022
  • , Jiji Press , 6:42 p.m.
  • English Press

Tokyo, Sept. 1 (Jiji Press)–New automobile sales in Japan in August dropped 9.3 pct from a year before to 290,042 units, down for the 14th consecutive month, industry data showed Thursday.

 

The sales hit the lowest level for August in 20 years, due to prolonged semiconductor shortages and difficulties in parts procurement amid the COVID-19 pandemic.

 

Plant shutdowns and production cuts at domestic automakers including Toyota Motor Corp. <7203> and Honda Motor Co. <7267> have been making it difficult to meet customer demand.

 

In the month, sales of minivehicles fell 1.9 pct to 110,967 units and those of larger vehicles slid 13.3 pct to 179,075 units, according to the data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association.

 

Among makers, Toyota, Honda and Daihatsu Motor Co. saw their sales drop.

 

Toyota’s sales plunged as it kept production cuts at major output hubs including the Motomachi plant in the city of Toyota, Aichi Prefecture, central Japan.

 

In contrast, Mitsubishi Motors Corp. <7211> enjoyed sales growth thanks to brisk demand for a new model launched late last year.

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