• SHARE

Three of Japan’s five major automakers reported declines in exports last month of between 30 percent and 50 percent from a year earlier, partly due to their move to increase overseas production, according to data released Friday.

Exports plunged 50.5 percent at Mitsubishi Motors Corp. to 16,602 units. In addition to increased output at its overseas plants, the automaker reduced shipments to the North American and European markets to adjust inventories ahead of the planned remodeling of some vehicles.

Exports at Nissan Motor Co. fell by 29.7 percent to 33,608 units, marking its second consecutive monthly fall mainly because it increased overseas output to meet market demand there and to adjust for foreign exchange trends, it said.

Honda Motor Co. saw a 33.2 percent fall in exports to 26,710 vehicles, marking the 10th straight month of decline. It also attributed the fall to growing production abroad.

Toyota Motor Corp.’s exports rose 2 percent to 122,518 units and those of Mazda Motor Corp. rose 23 percent to 36,003 units, boosted by Latin American markets.

Domestic monthly vehicle sales at the automakers were mixed during the month with only Nissan and Honda reporting increases from a year earlier.

Toyota’s sales fell 0.6 percent to 127,038 units, marking the first decline in two months.

But Nissan reported a 6.7 percent increase to 51,243 units, helped by minor changes to its Liberty, Sunny and March cars as well as brisk sales in the Primera and other new models.

Honda also reported a 9.6 percent rise to 55,654 units, extending its rising streak to 18 straight months. The strong sales were led by its Stream and Life models. Mitsubishi Motors reported a fall of 25.5 percent to 28,989 units, and Mazda’s sales dropped 2.3 percent to 23,253 units.

Toyota manufactured 256,426 vehicles domestically during May, down 0.6 percent, followed by Nissan with 92,889 vehicles, down 6.3 percent.

Honda produced 94,570 vehicles, up 2.9 percent; Mitsubishi Motors banged out 49,608 vehicles, down 32.8 percent; and Mazda did up 60,936 vehicles, up 9.9 percent.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW