Japanese OEM global production marks a record high in 2012

A gradual kickoff for 2013 through the first quarter

2013/05/21

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)
2007 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)