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


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
Japanese OEMs' volume of production Japanese OEMs' ratio of production 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

Related reports:  FY 2014 Japanese sales outlook exceeds 5.1 million units (May 2014)
Japanese sales to slightly decrease to 5.22 million units in CY 2014 (LMC Automotive, First Quarter 2014)