FY 2014 Japanese sales outlook exceeds 5.1 million units

Sales of 5.69 million units in FY 2013 triggered by consumer confidence and pre-buying

2014/05/02

Summary

 In the fiscal year ended in March 2014 (FY 2013), vehicle sales in Japan increased by 9.2% year-over-year (y/y) to 5.69 million units. This marks the highest level since FY 2006, when 5.62 million units were sold. The strong sales were thanks to an increased consumer spending under the "Abenomics"economic scheme, new model launches by each automaker, and last-minute demand before the consumption tax hike that started in April 2014.

 In April and onward, downturn in demand and sales is anticipated after the robust sales before the tax increase. In FY 1997, when the consumption tax was raised last time in April, sales volume plunged by 13.9% y/y to 6.28 million units. This sharp drop can also be attributed to other unfavorable economic conditions in July and later, such as the Asian currency crisis that began in July and the voluntary closure of Yamaichi Securities in November, 1997.

 Regarding FY 2014 sales in Japan, outlooks differ among organizations. The Japan Automobile Manufacturers Association, Inc. (JAMA) forecasts that vehicle sales in Japan will decrease by 16.6% y/y to 4.75 million units in FY 2014 (announced on March 20, 2014). This reflects JAMA's pessimistic view with a decrease larger than 13.9% experienced in FY 1997, when the economy stagnated. Major automakers and think tanks are suggesting brighter prospects between 5.1 million units and 5.3 million units (y/y decrease between 10.4% and 6.9%) based on current economic and sales situations.

 Japanese economic conditions are different between FY 2014 and FY 1997, when Japan was hit by the Asian currency crisis. Accordingly, FY 2014 sales volume is unlikely to decline to the same degree as in FY 1997 (13.9%). As forecasted by Honda and Nissan, sales over 5 million units, down 10% y/y, seem to be a reasonable outlook for FY 2014.

 A U.K research firm, LMC Automotive, estimates that sales of light vehicles will decrease slightly to 5.22 million units in calendar year (CY) 2014. Its outlook for CY 2015 suggests a 11.7% decrease y/y to 4.61 million units, due to downturn between January and March after the last-minute demand.

 

Data Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Total
Sales
volume
:1000
units
FY
1996
516 481 591 680 395 658 576 652 562 446 665 1,065 7,288
FY
1997
438 428 557 610 357 614 511 518 515 353 525 849 6,275
FY
2013
365 368 451 472 367 523 422 457 423 496 565 783 5,692
FY
2014
345
(FY
2014
simu
-lation)
310 327 425 424 331 487 374 364 388 392 446 624 4,893
Rate
of
change
FY
1996
1.8% 3.7% -4.2% 4.8% -3.1% 4.0% 5.8% 9.9% 9.3% 11.5% 9.1% 11.3% 5.7%
FY
1997
-15.1% -10.9% -5.8% -10.3% -9.7% -6.8% -11.3% -20.5% -8.4% -20.9% -21.2% -20.3% -13.9%
FY
2013
1.5% -6.9% -10.8% -8.0% -1.1% 17.0% 17.3% 16.1% 25.0% 29.4% 18.4% 17.4% 9.2%
FY
2014
-5.5%

(Source) Statistic of Japan Automobile Manufacturers Association (JAMA) [Updated on May 1, 2014]

Related Reports:
Outlook of Japanese market in 2014 (Japanese market analysis part 1) (Jan. 2014)
2013 Sales by model & engine displacement (Japanese market analysis part 2) (Jan. 2014)



FY 2014 sales outlooks of various organizations

 In Japan, the consumption tax was first introduced at a rate of 3% in April 1989. At that time, Japan enjoyed so-called bubble economy and the excise duty on vehicles was abolished concurrently with the consumption tax introduction. Under these circumstances, the FY 1989 vehicle sales volume increased by 10.4% y/y to 7.45 million units. In April 1997, the tax rate was raised from 3% to 5%. Following downturn after last-minute demand, economic conditions worsened in July, partly due to the Asian currency crisis. As a result, the FY 1997 vehicle sales volume ended with a decrease of 13.9% to 6.28 million units.

 Regarding sales volume in Japan in FY 2014, when the consumption tax was raised to 8%, estimates by each organization vary between 4.75 million units (down 16.6% y/y) and 5.3 million units (down 6.9% y/y), as shown in the table below. Because of the following reasons, however, the sales are unlikely to decrease as much as by 13.9% as in FY 1997. The FY 2014 sales volume is expected to top the 5.1 million unit level, down 10% y/y, as estimated by Honda and Nissan.

1. As of February 2014, the jobs-to-applicants ratio is 1.05. This ratio over 1 reflects better economic conditions than in FY 1997, when it was 0.7.
2. The vehicle acquisition tax has been reduced, which compensates for the consumption tax hike to a certain level. (Please click here for the details.)
3. Decrease in sales in April 2014 is likely to be limited to 10% y/y, partly due to order backlogs for the rush demand before the tax hike (unlike a 15.1% decrease in April 1997).
4. A tax hike has been decided for mini vehicles to be newly acquired on April 1, 2015 and later. This will probably generate last-minute demand and following downturn for mini vehicles before and after April 2015.

 The consumption tax is scheduled to be raised further to 10% in October 2015. At the same time, however, the vehicle acquisition tax will be abolished, which is expected to suppress both last-minute demand and following downturn.

Vehicle sales volume and consumption tax

FY 1989 FY 1997 FY 2014
Consumption tax Introduced at a rate of 3% Raised from 3% to 5% Raised from 5% to 8%
Vehicle sales volume
(in thousands unit: y/y increase/decrease)
7,450
(+ 10.4%)
6,280
(- 13.9%)
Estimate of each organization
(see table below):
4750 (- 16.6%) - 5300 (- 6.9%)
Automobile-related tax reduction Excise duty was abolished:
Formerly 18.5% for midsize/large cars (*note)
n.a. Acquisition tax was reduced for private non-mini vehicles from 5% to 3% (Please click here for the details.)
Economic conditions
(jobs-to-applicants ratio)
Mar. 1989 Mar. 1990 Mar. 1997 Mar. 1998 Feb. 2014
1.17 1.36 0.74 0.57 1.05
(+ 0.01 y/y)

Note: Provisional measures were taken simultaneously to impose a consumption tax of 6% on midsize/large cars between April 1989 and March 1992 and 4.5% between April 1992 and March 1994.

FY 2014 sales outlook in Japan

FY 2014 outlook      
(in thousands unit)
Remarks Release date
Automotive industry analyst Mr. Nakanishi Takeki Vehicle total:5,100- 5,300 (between -10.4% and -6.9% y/y) (Seasonally adjusted annualized rate)Apr. to June: 4.6 million units, July to Sep.: 5 million units, Oct. to Mar.: more than 5.2 million unitsTo be supported by reduced vehicle-related taxes, enhanced eco-car subsidy program, and increased wages. April 21, 2014 (Reported)
Honda Vehicle total:5100-5,200
(between -10.4% and -8.6% y/y)
The consumption tax hike will not significantly affect domestic unit sales in 2014. It also anticipates a last-minute demand before the mini-vehicle tax hike. April 25, 2014 (Reported)
Dai-ichi Life Research Institute Passenger car total:4,400 (-9.3% y/y) Revised downward from the FY 2014 outlook of 4.46 million units as of January 2014. As the rush demand was larger than the tax hike in FY 1997, the downturn after April will also be larger. In FY 2014, however, some improvements are expected in wages and employment. This will suppress a decrease in sales, unlike 13.6% in FY 1997. A moderate recovery after the downturn is expected. March 3,2014
Nissan Vehicle total: 5,100 (-10.4% y/y) - April 17, 2014 (Reported)
(Same rate of decline in FY1997) Vehicle total: 4,890 (-13.9% y/y) Estimate on the assumption that the y/y decrease/increase in FY 2014 will be the same as in FY 1997, when the previous consumption tax hike was implemented. (Please see the graph above). -
JAMA Vehicle total: 4,750(-15.6% y/y)
Passenger car total:4,030 (-16.3% y/y)
Mini vehicle total (passenger and commercial vehicles): 1,810 (-18.8% y/y)
In FY 2014, the Japanese economy will be supported by increased exports, improved corporate earnings, and government economic packages. Meanwhile, some decline is anticipated in consumer confidence after the consumption tax hike. Downturn is also expected after the last-minute demand in the second half of FY 2013. March 20,2014
Daihatsu Mini vehicle total: 1,800-1,900 (-16 to -20% y/y) Mini vehicle unit sales in Japan for FY 2015 will be at 1.7 million unit level, due to the mini-vehicle tax hike as well as further consumption tax hike to 10% April 24, 2014

 

 



FY 2014 sales plans of Japanese automakers

 For FY 2014, many automakers have set their sales targets at 4% to 6% lower than the previous year. Exceptionally, Honda plans a y/y increase of 21% to sell 1.030,000 units, with consecutive releases of new models in summer and onward. Mitsubishi Motors also intends to increase its sales by 3% to 147,000 units.

OEMs FY 2014 outlook
(in thousands unit: YoY)
FY 2014 result
(in thousands unit)
Description Release date
Toyota/Lexus 1,450
(-12.0%)
Retail sales
1,648 - May 8, 2014
Honda 1,030 (+21%)
Retail sales
848 Apr. to Sept. 2014: 460,000 units (down 6% y/y)
Oct. 2014 to Mar. 2015: 570,000 units (down 5% y/y)
In and after the summer of 2014, Honda intends to expand its sales by launching Fit-based sedan, Stream's successor, new Legend, N-BOX-derived model, new Step Wagon, and new Fit Shuttle.(Please refer to this report for the details.)
April 25, 2014
Suzuki 675
(-7.3%)
Retail sales
728 - May 9, 2014
Nissan 640 (-11%)
Retail sales
719 Nissan announced that it will increase its market share in Japan to mid-13% in FY 2014 (from 12.6% in FY 2013).
The outlook based on a news on April 17, 2014, was 690,000 units (-4%).
May 12, 2014
Daihatsu 663 (-5.5%)
Retail sales
701 Non-mini vehicles
 (FY 2013: 3,000 units -> FY 2014: 3,000 units)
Mini vehicles
 (FY 2013: 699,000 units -> FY 2014: 660,000 units)
In FY 2014, Daihatsu aims to increase its market share by releasing six new models, including completely new ones.
April 24, 2014
Mazda 230(- 6%)
Retail sales
244 Apr. to Sept. 2014: 104,000 units (down 6% y/y)
Oct. 2014 to Mar. 2015: 126,000 units (down 5% y/y)
April 25, 2014
FHI (Subaru) 195
(+7.3%)
Whole sales
182
Whole sales
- May 9, 2014
Mitsubishi 147
(+3%)
Retail sales
143 Non-mini vehicles
 (FY 2013: 52,000 units -> FY 2014: 54,000 units)
Mini vehicles
 (FY 2013: 91,000 units -> FY 2014: 93,000 units)
Expects strong sales of the eK Series
 (FY 2013: 55,000 units -> FY 2014: 78,000 units)
April 24, 2014
Isuzu 74(+7.7%)
Retail sales
68 - May 12, 2014
Hino 49.5 (-5.2%)
Retail sales
52.2 - April 25, 2014
Total 5,154
(-3.4%)
5,333 - As of
May 12, 2014

Source: Press releases of each automaker
Note: The above table will be updated with information for automakers that will announce their FY 2013 financial results in May 2014 as it becomes available.

 



FY 2013 unit sales mark 5.69 million units, highest level since FY 2006

 In FY 2013, vehicles sales in Japan (passenger and commercial vehicles) increased for three consecutive years by 9.2% y/y to 5.69 million units. This is the highest level since FY 2006, which posted sales of 5.62 million units.

 Out of the total, mini vehicles sold 2.26 million units, up 14.7% y/y. The volume greatly exceeded the previous record, 2.03 million units, set in FY 2006. In terms of the sales percentage, mini vehicles accounted for 39.7%, up 1.8 percentage points y/y. Models equipped with functions equivalent to a small car have sold well, including the Honda N Series and the Daihatsu Move. Strong sales have also been reported for the Dayz/eK Wagon which were jointly developed by Nissan and Mitsubishi.

Japanese unit sales by vehicle type

(in thousands unit)
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY 2014
JAMA
Outlook
Car Standard 1,227,801 1,336,033 1,092,516 1,340,498 1,276,280 1,311,793 1,345,357 1,509,877 2,563,000
Small 1,800,328 1,628,560 1,427,878 1,558,374 1,396,312 1,420,820 1,522,536 1,505,788
Mini (A) 1,529,201 1,425,751 1,388,487 1,276,584 1,207,674 1,277,375 1,571,199 1,821,086 1,440,000
Sub-total 4,557,330 4,390,344 3,908,881 4,175,456 3,880,266 4,009,988 4,439,092 4,836,751 4,003,000
Truck Standard 202,047 166,418 127,664 89,968 103,178 118,570 134,654 153,949 143,000
Small 340,709 280,251 228,871 180,459 185,119 202,026 223,918 248,942 223,000
Mini (B) 501,415 467,292 420,390 421,607 421,113 411,562 401,401 440,753 370,000
Sub-total 1,044,171 913,961 776,925 692,034 709,410 732,158 759,973 843,644 736,000
Bus Large 5,559 5,349 4,946 4,575 4,114 3,510 4,034 4,443 4,000
Small 11,485 9,966 10,027 8,199 7,345 7,617 7,191 7,329 7,000
Sub-total 17,044 15,315 14,973 12,774 11,459 11,127 11,225 11,772 11,000
Total (C) 5,618,545 5,319,620 4,700,779 4,880,264 4,601,135 4,753,273 5,210,290 5,692,167 4,750,000
Ratio of Mini
=(A+B)/C
36.1% 35.6% 38.5% 34.8% 35.4% 35.5% 37.9% 39.7% 38.1%

Source: Japan Automobile Manufacturers Association

 

 



Sales volume and market share by brand: Honda increases share with Fit and N Series

 In FY 2013, Honda increased its market share remarkably from 13.8% in the previous year to 14.9%, with strong sales of the third-generation Fit and the N Series (N-BOX, N-WGN, and N-ONE). On a sales volume basis, the company sold 848,000 units, up 18.4% y/y. In comparison with FY 2011, two years ago, the volume posted an increase of 150,000 units. Honda has risen to the second place out of its three long-term competitors, Nissan, Suzuki, and Daihatsu, all with shares around 13%.

 The market leader, Toyota & Lexus, increased its sales volume by 2.3% y/y to 1.64 million units. Although sales of the Prius and Aqua dropped by 10% y/y, the decrease was compensated by increased sales of the Corolla and Crown. Its market share, however, declined by 2.0 percentage points to 28.9%. The share of "Others", mostly consisting of imported non-mini vehicles, increased by 0.6 percentage points y/y to 5.3%. On a volume basis, this segment increased by 23.0% y/y to 302,000 units.

Sales volume and share by group in the Japanese market

(unit)
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013
Toyota/Lexus 1,641,801 1,563,275 1,330,653 1,534,178 1,406,050 1,411,565 1,609,989 1,647,043
Honda 691,583 640,105 580,205 662,323 608,504 600,648 716,836 848,419
Suzuki 686,742 667,087 655,329 615,513 584,258 595,999 671,823 728,083
Nissan 739,984 721,191 612,523 630,136 600,253 655,426 647,035 719,105
Daihatsu 636,151 622,858 626,560 603,292 573,386 605,846 655,244 701,371
Mazda 260,564 255,717 218,418 220,752 205,728 205,520 216,241 243,459
FHI (Subaru) 245,487 222,239 189,193 177,904 165,374 178,214 169,213 186,849
Mitsubishi 246,433 218,629 168,072 170,692 163,480 151,335 134,032 143,234
Isuzu 86,318 68,054 51,197 38,139 43,535 49,171 58,228 68,382
Hino 52,647 45,765 34,793 25,901 30,006 36,912 43,703 52,194
Fuso 68,159 47,663 36,976 21,477 25,188 30,282 33,434 41,426
UD TRUCKS 18,253 13,645 10,491 7,113 8,331 8,992 8,775 10,441
Others 244,423 233,392 186,369 172,844 187,042 223,363 245,737 302,161
Total 5,618,545 5,319,620 4,700,779 4,880,264 4,601,135 4,753,273 5,210,290 5,692,167

(Market share)

FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013
Toyota/Lexus 29.2% 29.4% 28.3% 31.4% 30.6% 29.7% 30.9% 28.9%
Honda 12.3% 12.0% 12.3% 13.6% 13.2% 12.6% 13.8% 14.9%
Suzuki 12.2% 12.5% 13.9% 12.6% 12.7% 12.5% 12.9% 12.8%
Nissan 13.2% 13.6% 13.0% 12.9% 13.0% 13.8% 12.4% 12.6%
Daihatsu 11.3% 11.7% 13.3% 12.4% 12.5% 12.7% 12.6% 12.3%
Mazda 4.6% 4.8% 4.6% 4.5% 4.5% 4.3% 4.2% 4.3%
FHI (Subaru) 4.4% 4.2% 4.0% 3.6% 3.6% 3.7% 3.2% 3.3%
Mitsubishi 4.4% 4.1% 3.6% 3.5% 3.6% 3.2% 2.6% 2.5%
Isuzu 1.5% 1.3% 1.1% 0.8% 0.9% 1.0% 1.1% 1.2%
Hino 0.9% 0.9% 0.7% 0.5% 0.7% 0.8% 0.8% 0.9%
Fuso 1.2% 0.9% 0.8% 0.4% 0.5% 0.6% 0.6% 0.7%
UD TRUCKS 0.3% 0.3% 0.2% 0.1% 0.2% 0.2% 0.2% 0.2%
Others 4.4% 4.4% 4.0% 3.5% 4.1% 4.7% 4.7% 5.3%
Source: Japan Automotive Manufacturers Association (JAMA)
Note 1. Includes vehicles manufactured overseas
2. Most of "others" are imported vehicles.

 

 



Sales volume by model: Aqua, Prius, and N-BOX keep top positions

 Regarding FY 2013 sales volume by model, the Toyota Aqua maintained its first place with sales of 260,000 units, and the Prius the second with 252,000 unit sales. Their volumes, however, decreased by 8.1% (Aqua) and 10.3% (Prius) y/y, respectively. The Honda N-BOX also held on to third position, with a 4.4% decrease to 226,000 units. The fourth place was taken by the fully redesigned Honda Fit (up 27.6% y/y to 217,000 units).

 The partially-redesigned Daihatsu Move and fully-redesignedTanto both increased sales to rank in the fifth and sixth.

 Nissan's new mini vehicles, the Dayz, sold 140,000 units and ended in ninth place. The volume, however, includes two models: Dayz height wagon and Dayz Roox super-height wagon.

 

Top 20 best selling models in Japan

(unit)
Rank FY2011 FY2012 FY2013
Model name Make Sales volume Model name Make Sales volume Model name Make Sales volume
1 Prius Toyota 310,484 Aqua Toyota 282,660 Aqua Toyota 259,686
2 Fit Honda 234,432 Prius Toyota 280,929 Prius Toyota 251,915
3 Wagon R* Suzuki 174,226 N-BOX* Honda 236,287 N-BOX* Honda 225,900
4 Mira* Daihatsu 171,301 Wagon R* Suzuki 199,122 Fit Honda 217,100
5 Move* Daihatsu 144,398 Mira* Daihatsu 190,490 Move* Daihatsu 193,670
6 Tanto* Daihatsu 139,322 Fit Honda 170,099 Tanto* Daihatsu 180,588
7 Vitz Toyota 125,663 Tanto* Daihatsu 162,782 Wagon R* Suzuki 180,029
8 Serena Nissan 93,755 Move* Daihatsu 160,397 Mira* Daihatsu 164,027
9 Alto* Suzuki 92,991 Note Nissan 115,530 Dayz* Nissan 139,810
10 Freed Honda 90,414 Alto* Suzuki 108,872 Spacia* Suzuki 138,469
11 Corolla Toyota 74,093 Serena Nissan 95,869 Note Nissan 135,162
12 Demio Mazda 66,118 Vitz Toyota 93,353 Corolla Toyota 117,255
13 Moco* Nissan 65,366 Freed Honda 86,065 Alto* Suzuki 109,198
14 Aqua Toyota 64,953 Corolla Toyota 80,598 Serena Nissan 95,716
15 Life* Honda 64,511 Moco* Nissan 67,513 Vitz Toyota 86,814
16 Palette* Suzuki 61,511 StepWGN Honda 66,289 N-ONE* Honda 82,791
17 Ractis Toyota 58,976 N-ONE* Honda 55,309 Crown Toyota 74,370
18 Passo Toyota 57,477 Impreza Subaru 54,254 N-WGN* Honda 72,548
19 Note Nissan 56,555 Demio Mazda 52,682 Impreza Subaru 62,524
20 Voxy Toyota 56,125 Palette* Suzuki 51,822 Freed Honda 60,849

Source: Japan Automobile Dealers Association and Japan Mini Vehicles Association
Notes: Models with asterisk (*) are minicars

 

 



Sales Forecast by LMC Automotive: Japanese sales to decrease to 5.22 million units in CY 2014

(LMC Automotive, Quarter1 2014)

Light vehicle sales in Japan Supported by the positive impact of 'Abenomics', light vehicle sales [in Japan] in 2013 were favorable, and then finished with 5.26 million units, slightly down 0.3% from the previous year.

 The last minute demand before the consumption tax hike (raised from 5% to 8% in April 2014) continued until March 2014, significantly increasing the light vehicle sales for the first three months in 2014 by 22.1% to 1.815 million units compared to the previous year. However, a slump in sales after this prebuy is inevitable.

 For the 2014 market outlook, LMC Automotive states: "We initially anticipated a strong bounce back after the tax hike, and forecast 2014 sales at under 5 million units. However, the recent pre-buying trend is stronger than anticipated, even after the tax hike, and the Japanese government plans several stimulus plans to minimize the negative impact of the tax hike. Thus we have raised our 2014 sales forecast by 355k units, to 5.22 million units". In 2015, total vehicle sales is expected to decrease sharply to 4.61 million units, 11.7% down compared to 2014 level.

 As for the medium- and long-term outlook, an ageing population and high vehicle density are constraints for sales growth in the long term. According to the global automotive research company's forecast, Japanese light vehicle sales in 2017 will decrease to 4.40 million units, down 16.2% from 2013. The company comments: Sales are anticipated to drop in most of the sales groups. However, sales of the Honda group will slightly increase toward 2017. In 2013, the group started launching a wider variety of models, which are expected to boost Honda sales in Japan. Although we forecast sales of Toyota group to decrease, its position as the leading maker of Hybrid vehicles is still strong. We expect the group to increase its sales share [in 2017]"

Japanese light vehicle sales forecast by make

(Unit)
CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017
Total 4,134,015 5,268,929 5,255,215 5,220,893 4,608,953 4,392,208 4,404,653
Toyota Group 1,742,942 2,348,342 2,169,691 2,139,093 1,978,941 1,937,405 1,854,526
Daihatsu 548,283 675,731 611,544 652,436 598,359 548,472 543,199
Hino 11,790 16,411 14,812 10,572 9,533 8,946 8,543
Lexus 42,383 43,116 60,933 58,222 58,988 72,951 75,550
Toyota 1,140,486 1,613,084 1,482,402 1,417,863 1,312,061 1,307,036 1,227,234
Honda Group 503,435 749,406 718,378 899,556 749,204 665,183 749,790
Honda 503,435 749,406 718,378 899,556 749,204 665,183 749,790
Renault-Nissan Group 589,951 661,959 737,154 702,518 606,237 568,247 549,334
Nissan 586,885 658,874 734,400 700,166 604,567 566,713 547,344
Renault 2,940 2,944 2,517 2,254 1,602 1,470 1,907
Samsung 126 141 237 98 68 64 83
Suzuki Group 555,894 673,316 706,980 620,117 520,886 484,305 524,057
Suzuki 555,894 673,316 706,980 620,117 520,886 484,305 524,057
Mazda Motors 189,924 218,363 256,927 244,178 243,400 231,201 213,767
Mazda 189,924 218,363 256,927 244,178 243,400 231,201 213,767
Fuji Heavy 158,755 177,379 179,469 191,844 163,790 165,951 169,866
Subaru 158,755 177,379 179,469 191,844 163,790 165,951 169,866
Mitsubishi Motors 147,566 140,723 151,342 125,466 105,241 111,679 112,655
Mitsubishi 147,566 140,723 151,342 125,466 105,241 111,679 112,655
Volkswagen Group 75,680 85,404 95,214 75,631 60,496 59,667 56,708
Audi 21,162 24,161 27,094 23,388 19,408 18,529 19,170
Bentley 125 219 168 79 62 58 55
Lamborghini 99 173 173 135 137 114 100
Porsche 3,661 4,661 4,103 4,089 3,284 3,223 3,629
Volkswagen 50,633 56,190 63,676 47,940 37,605 37,743 33,754
Daimler Group 50,482 62,086 73,312 61,310 48,218 48,360 47,216
Fuso 16,048 18,765 22,785 19,659 15,821 16,263 14,167
Mercedes-Benz 33,220 41,920 49,390 40,094 31,038 30,787 31,666
Smart 1,214 1,401 1,137 1,557 1,359 1,310 1,383
BMW Group 48,628 56,514 64,639 61,877 47,837 42,890 46,343
BMW 34,197 41,238 41,557 39,088 29,983 28,123 27,632
MINI 14,351 15,186 22,921 22,739 17,822 14,735 18,683
Rolls-Royce 80 90 161 50 32 32 28
Isuzu Motors 25,834 34,125 28,313 29,738 26,515 25,403 22,355
Isuzu 25,834 34,125 28,313 29,738 26,515 25,403 22,355
Fiat Chrysler Automobiles 14,238 17,917 18,896 16,387 14,324 13,184 15,886
Alfa Romeo 1,864 4,448 2,679 1,771 1,672 1,467 2,401
Chrysler 612 765 1,491 1,681 1,474 1,432 1,513
Dodge 1,919 1,083 2,927 2,677 1,874 1,717 1,998
Ferrari 388 516 527 484 398 395 443
Fiat 5,960 5,667 6,349 4,763 4,499 4,011 5,105
Jeep 3,150 4,979 4,264 4,481 3,953 3,736 3,935
Lancia 96 148 293 210 171 155 207
Maserati 249 311 366 320 283 271 284
Geely Group 11,997 14,123 18,846 20,312 15,976 12,169 13,709
Volvo 11,997 14,123 18,846 20,312 15,976 12,169 13,709
PSA Group 9,083 9,444 10,031 8,764 6,913 6,590 7,611
Citroen 3,096 3,795 3,481 2,737 1,965 1,756 2,031
Peugeot 5,987 5,649 6,550 6,027 4,948 4,834 5,580
Ford Group 3,469 3,951 5,879 6,806 5,608 5,371 5,841
Ford 3,469 3,951 5,879 6,806 5,608 5,371 5,841
General Motors Group 3,499 3,086 4,061 3,704 2,996 2,898 3,224
Cadillac 1,393 1,255 2,351 2,127 1,700 1,659 1,781
Chevrolet 1,671 1,488 1,398 1,308 1,085 1,046 1,225
GMC 117 107 93 72 67 56 59
Hummer 306 225 191 193 142 135 156
Pontiac 12 11 28 4 2 2 3
Tata Group 1,962 2,854 4,821 3,325 2,666 2,329 2,779
Jaguar 1,020 1,014 1,275 1,276 1,018 983 1,021
Land Rover 942 1,840 3,546 2,049 1,648 1,346 1,758
Hyundai Group 76 42 86 97 73 63 67
Hyundai 76 42 86 97 73 63 67
MG Rover Group 53 56 56 0 0 0 0
MG Rover 53 56 56 0 0 0 0
Other 547 9,839 11,120 10,170 9,632 9,313 8,919
Aston Martin 133 164 314 123 96 95 101
Lotus 271 260 523 140 100 98 111
Morgan 17 15 27 9 8 8 8
Others by Country 66 9,380 10,235 9,885 9,418 9,102 8,688
Saab 60 20 21 13 10 10 11
Source: LMC Automotive "Global Automotive Sales Forecast (Q1 2014)
(Note) 1. Data indicate figures of only small-size vehicles, including passenger cars and light commercial vehicles with a gross vehicle weight of under 6 tons.
2. All rights reserved. Reproduction of any data will require permission of LMC Automotive.
3. For more detailed information or inquiries of forecast data, please contact LMC Automotive.

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