In the first half of 2021 (January-June), the exports of Japan’s seven major automakers increased by 23.0% over the same period of the previous year, reaching 1,900,541 vehicles in total. The demand that has fallen due to the expansion of the new crown epidemic has recovered to a certain extent, centered on North America. However, compared with the first half of 2019 (2,291,947 vehicles) before the epidemic, it decreased by 17.1% and continued to be at a low level. Reduced production due to semiconductor shortages is also one of the reasons.
The largest automaker Toyota Motor announced on the 19th that domestic production in September will be reduced by 140,000 vehicles from the original plan of nearly 300,000 vehicles. This is due to the stagnation of parts procurement due to the shortage of semiconductors and the expansion of the epidemic in Southeast Asia. The auto industry, which leads Japan’s exports, is once again facing rising uncertainty, which may drag down the economic recovery.
Toyota’s exports in the first half of 2021 increased by 21.0% year-on-year to 936,821 vehicles. Sales of the luxury car brand “Lexus” in China and SUVs in the United States are strong.
Mazda increased 54.8% to 349,149 units, Subaru increased 6.9% to 198,663 units, and Nissan increased 49.8% to 170,122 units. Mainly because of the recovery of exports to the United States.
Suzuki increased by 38.1% to 105,347 vehicles, making it the only one among the seven major automakers to exceed the level of the first half of 2019. The “IGNIS” small SUV for Europe is selling well.
Mitsubishi Motors decreased by 4.7% to 115,988 units, and Honda decreased by 49.8% to 24,451 units. Both car companies have been hit by semiconductor shortages. Mitsubishi plans to withdraw from sales of new cars in some European markets in approximately 2023, and the reduction in exports to Europe has also had an impact.
Dafa Industrial did not export from 2019 to the first half of 2021.