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Friday, October 29, 2021

Japanese Car Makers See Production Plunge In September


Japanese carmakers see their global productions fall due to continued disruptions of semiconductors and key auto parts.

Toyota, which had to cut output and suspend operations at factories last month saw its global production fall by more than one-third in September from a year earlier. The world’s largest automaker produced 512,765 vehicles last month, down from 841,915 cars in 2020. Their global sales are also down 16 percent—the first year-on-year drop in 16 months.

The situation is largely the same elsewhere. Nissan said its global production fell 27.9 percent in September to 261,018 units. Their sales also fell 21.4 percent to 305,269 units. Meanwhile, Honda’s output fell 30 percent to 330,940 units—their fourth consecutive month of declines.

The lack of auto parts is also starting to affect smaller carmakers with Subaru seeing global production drop a whopping 68.1 percent to just 30,664 units—their third consecutive month of decrease, while Mazda saw their production plunge 44.1 percent to 70,843 units produced. Their global sales also declined 16.7 percent to 102,959 units.

In ASEAN, Toyota’s production in Thailand has been hit slightly with numbers going down 7.4 percent to 51,286 units produced. Meanwhile, numbers in both Indonesia and Philippines are up 113.2 percent to 16,403 units and 12.8 percent to 4,989 units, respectively.

In terms of Philippine sales, Toyota Motor Philippines continues to lead the sales charts, followed by Mitsubishi, Ford, Suzuki, and Nissan.
  1. Toyota Motor Philippines – 9,929 units
  2. Mitsubishi Motor Philippines – 2,918 units
  3. Ford Philippines – 1,783 units
  4. Suzuki Philippines – 1,491 units
  5. Nissan Philippines – 1,737 units
  6. Isuzu Philippines – 1,335 units
  7. Honda Cars Philippines – 1,024 units
  8. Hyundai Asia Resources, Inc. – 812 units
  9. Sojitz G Auto Philippines (Geely) – 540 units
  10. KP Motors Corporation (Kia) – 311 units
Despite the grim picture, conditions do appear to be improving. Toyota, in particular, is targeting a November output level that is up from the same period in 2019 and 2020. It aims to ramp up production in the latter half of the fiscal year to make up for lost units.

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