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Japan automakers post 2.1% dip in Sep global sales on subdued demand

Japanese automakers saw a 2.1% drop in global vehicles sales in September compared with a year earlier as the coronavirus pandemic continued to hurt demand even as factories and dealerships reopen

Topics
Japan | automobile industry

Reuters  |  TOKYO 

A staff checks a car parked outside of Toyota Motor Corp's showroom. Photo: Reuters
A staff checks a car parked outside of Toyota Motor Corp's showroom. Photo: Reuters

TOKYO (Reuters) - Japanese automakers saw a 2.1% drop in global vehicles sales in September compared with a year earlier, the seventh straight month of declines, as the pandemic continued to hurt demand even as factories and dealerships reopen.

The country's seven major automakers, including Toyota Motor Corp and Nissan Motor Co, sold a combined 2.3 million vehicles last month, according to Reuters calculations based on sales data released by the on Thursday.

The decline in monthly sales has, however, slowed significantly since a 50% slump in April as the Japanese car makers benefit from a rebound in demand, particularly in China, the world's biggest auto market.

Total global production at Japan's seven major automakers rose 1.2% year-on-year to 2.4 million units last month, compared with a 14% dip in August.

Global demand for cars has been weak since March because of lockdowns. A third wave of infections is forcing some countries to re-impose tighter curbs.

 

(Reporting by Tim Kelly; Editing by Himani Sarkar)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, October 29 2020. 12:09 IST
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