Japanese OEMs produce record high 26.4 million vehicles globally in 2013

Increased production overseas lowers Japanese production ratio to 36.5%

2014/05/15

Summary
Production in Japan drops by 3.1% to 9.63 million units in 2013
Overseas production hits record high of 16.76 million units in 2013
Exports from Japan drops by 2.7% to 4.67 million units in 2013
Reference: Japanese OEMs' production by region

Summary

Summary

Global production marks record high
Global production by the 12 Japanese automakers increased by 2.4% year-over-year (y/y) to 26.38 million units in 2013, achieving a record high for the second consecutive year. On the contrary, production in Japan decreased by 3.1% to 9.63 million units from the previous year, when the volume had increased significantly thanks to the eco-car subsidy program. The volume fell short of the 10 million mark again as in 2012.

Increase in ratio of overseas production and decrease in exports
With production expanding in Asia and North America, overseas production hit a record high for four consecutive years, up 5.9% to 16.76 million units. Production is continuously growing particularly in Asia and the ratio accounted for 34.3% of the global production in 2013, coming close to 36.5% in Japan. In contrast, exports from Japan dropped by 2.7% y/y to 4.67 million units due to increasing production shifts from Japan to overseas.

Production volume in January-March 2014
In the January-March quarter of 2014, the eight Japanese passenger car manufacturers produced 6.72 million units worldwide, up 6.3% y/y. Out of the total, production in Japan increased by 11.7% to 2.53 million units as a result of satisfying last-minute demand before the consumption tax hike in April 2014. Meanwhile, overseas production resulted in an increase of 3.3% to 4.19 million units. Nissan, Honda, Mitsubishi Motors, and Daihatsu achieved two-digit growths in their production volumes, whereas only slight increases were observed at Toyota, Suzuki, Mazda, and Fuji Heavy Industries (FHI: the automaker of Subaru).

Japanese OEMs' production volume	Japanese OEMs' production ratio by region

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

(units)

	2006	2007	2008	2009	2010	2011	2012	2013
Japanese production	11,482,123	11,593,857	11,573,165	7,933,512	9,627,407	8,396,520	9,940,962	9,628,802
Overseas production	10,972,243	11,859,761	11,651,554	10,117,520	13,181,462	13,382,390	15,823,480	16,756,179
Global production	22,454,366	23,453,618	23,224,719	18,051,032	22,808,869	21,778,910	25,764,442	26,384,981
Sales in Japan	5,739,506	5,353,648	5,082,235	4,609,256	4,956,136	4,210,219	5,369,720	5,375,513
Exports from Japan	5,966,672	6,550,173	6,727,091	3,616,168	4,841,460	4,464,413	4,803,591	4,674,633

Source: Japan Automobile Manufacturers Association (JAMA) press release

Eight OEMs' production in the January - March quarter 2014

(units)

	Japanese production		Overseas production		Global production
	2013	2014	2013	2014	2013	2014
	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.	Jan.-Mar.
Toyota	882,800	903,499	1,337,254	1,370,533	2,220,054	2,274,032
Nissan	220,596	256,240	989,357	1,080,913	1,209,953	1,336,153
Honda	180,830	277,059	846,844	856,270	1,027,674	1,133,329
Suzuki	252,376	274,972	527,110	515,167	779,486	790,139
Mazda	246,007	251,912	73,547	72,264	319,554	324,176
Mitsubishi	124,641	165,987	173,787	163,176	298,428	329,163
Daihatsu	196,570	229,504	56,694	87,206	253,264	316,710
FHI (Subaru)	157,470	167,625	49,461	43,809	206,931	211,434
8 OEM total	2,261,290	2,526,798	4,054,054	4,189,338	6,315,344	6,716,136

Sources: Preliminary reports by the OEMs' public relations

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