Japanese OEM global production marks a record high in 2012

A gradual kickoff for 2013 through the first quarter

2013/05/21

Summary
Japanese production: increases by 18.4% to 9.9 million units in 2012, while it falls by 14.4% to 2.3 million units in the January-March period of 2013
Overseas production: registers a record high of 15.8 million units in 2012. Production in Asia, North America, Central and South America grows
Exports from Japan increases by 7.5% to 4.8 million units in 2012, while it declines by 11.1% to 1.1 million units in January-March 2013
Passenger car manufacturers produce a record high of 24.7 million units in 2012, while production in January-March 2013 falls by 4.9% to 6.32 million units

Summary

The 12 Japanese OEMs produced a record high of 25.8 million vehicles worldwide in 2012,, up 18.3% y/y. Their Japanese production recovered from the influence of the Great East Japan Earthquake to 9.94 million units, up substantially by 18.4%, but it slightly missed the 10 million-mark.

Overseas production grew by 18.3% to a record high of 15.8 million units. Production is currently expanding in Asia, North America, and Central and South America. In particular, the ratio of production in Asia has been increasing and accounts for 33.0% in the global production in 2012, which is close to 38.6% in Japan.

Because of recovery in production in Japan, exports from Japan increased mainly to North America by 7.5% to 4.8 million units.

In January-March 2013, the eight Japanese passenger car manufacturers produced 6.3 million units worldwide, down 4.9% y/y. Their Japanese production fell by 14.4% to 2.3 million units while overseas production grew by 1.4% to 4.1 million units. The three major OEMs, Toyota, Nissan, and Honda, each reduced production volume, whereas Mazda, Mitsubishi, and Subaru boosted production volume.

Japanese OEMs' production by regions (2006 vs. 2012)

Production, sales in Japan, and export from Japan by Japanese OEMs

(units)

	2006	2007	2008	2009	2010	2011	2012
Japanese production	11,482,123	11,593,857	11,573,165	7,933,512	9,627,407	8,396,520	9,940,678
Overseas production	10,972,243	11,859,761	11,651,554	10,117,520	13,181,462	13,382,390	15,825,398
Global Production	22,454,366	23,453,618	23,224,719	18,051,032	22,808,869	21,778,910	25,766,076
Sales in Japan	5,739,506	5,353,648	5,082,235	4,609,256	4,956,136	4,210,220	5,369,721
Exports from Japan	5,966,672	6,550,173	6,727,091	3,616,168	4,841,460	4,464,413	4,801,191

Sources: Japan Automobile Manufacturers' Association (JAMA) News Release and OEMs' press releases

Eight OEMs' production between January - March 2013

(units)

	Japanese production		Overseas production		Global Production
	2012	2013	2012	2013	2012	2013
	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.
Toyota	1,006,773	882,800	1,385,322	1,337,254	2,392,095	2,220,054
Nissan	308,704	220,596	1,001,380	989,357	1,310,084	1,209,953
Honda	334,104	180,830	749,656	846,844	1,083,760	1,027,674
Suzuki	270,122	252,376	524,267	527,110	794,389	779,486
Mazda	212,428	246,007	96,580	73,547	309,008	319,554
Mitsubishi	153,371	124,641	132,872	173,787	286,243	298,428
Daihatsu	213,501	196,570	55,605	56,694	269,106	253,264
Subaru	142,929	157,470	53,060	49,461	195,989	206,931
8 OEM total	2,641,932	2,261,290	3,998,742	4,054,054	6,640,674	6,315,344

Source: Preliminary reports by the OEMs' Public Relations

Related report: New vehicle sales in Japan expected to drop by 11.7% in 2013 (February, 2013)

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