Global sales for Japan automakers grow in Jan., Toyota record high
Global vehicle sales for eight major Japanese automakers rose 0.7 percent to 1.94 million units in January from a year earlier, with five companies seeing growth on firm demand for new models and fuel-efficient cars despite headwinds from U.S. tariff policies, according to data released Thursday.
Toyota Motor Corp. said its numbers climbed 4.7 percent to 822,577 units, a record for the month, driven by appetite for its hybrid versions of Corolla and Camry sedans in North America.
The world's largest carmaker by volume also logged a record-high 699,512 sales abroad for the month, up 6.1 percent. North American markets saw sales climb 7.5 percent to 205,582 units.
Sales in Europe increased 11.5 percent to 104,727 units, while demand for the Corolla Cross compact SUV lifted sales in China by 6.6 percent to 145,464 units. Japan saw a decline of 2.7 percent to 123,065 units.
Global sales for Toyota's hybrid vehicles in the month increased to 365,499 units, up 6.0 percent. Those for electric vehicles as a whole rose 8.3 percent to 414,386 units.
Toyota's global production fell 6.0 percent to 735,097 vehicles, dropping below the previous year's figure for the third consecutive month while the car manufacturer prepares new models.
In North America, production dropped 24.8 percent to 134,351 units due to a model changeover of its RAV4 SUV, while in Japan it declined 6.1 percent to 249,827 units due to fewer working days.
Struggling Nissan Motor Co. saw global sales inch up 0.6 percent to 252,603 units, rising for the first time in five months, on strong demand in the United States for the new model of the Sentra sedan.
Sales in China for the automaker increased by 10.2 percent to 50,033 units, with the plug-in hybrid N6 and the Altima sedan selling well.
The company, which expects a net loss of 650 billion yen ($4.2 billion) for the business year through March, has been undertaking massive streamlining efforts in a bid to restore its profitability.
Suzuki Motor Corp. reported a growth in global sales for the fourth straight month, up 0.9 percent to 302,231, and a record high for January, as its SUV drew appetite in its key market India.
Daihatsu Motor Co. saw sales rise 9.4 percent to 82,716 units, while Mitsubishi Motors Corp. logged a 4.4 percent increase to 65,431 units on the back of brisk sales in the Southeast Asian market.
Among the losers were Honda Motor Co., with sluggish performance in Chinese and European markets pushing down its sales by 6.1 percent to 264,355 units.
Honda's global output, however, expanded 2.1 percent to 274,346 units, lifted by a rise in production in the United States, which rose 34.5 percent to 86,367 units.
Mazda Motor Corp.'s global sales fell 10.2 percent to 91,024 units, as it curbed manufacturing in Mexico in response to U.S. tariff measures. Subaru Corp. registered a 12.9 percent decrease in sales at 61,341 units.
Global output for the eight automakers in the month slipped 1.6 percent to 1.93 million units. Domestic output fell 1.0 percent to 642,083 units.
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