Jan 31 2014

In 2013 Japanese auto production break the previous record 

According to data released Wednesday by eight major automakers, overseas production reached 16.44 million units in 2013, up 6.5 per cent from the previous year and setting a record high for the second consecutive year. Domestic production, however, declined to 9.11 million units, down 3.5 per cent and registering a year-on-year drop for the first time in two years. Automobiles produced overseas accounted for 64 per cent of the companies' total production which also increase the area of auction services.

 

Toyota produced 5.53 million units overseas, up 5.6 per cent from the previous year, and was one of five automakers who hit a new record high. Sales in North American and Chinese markets have improved, and automakers have moved more production bases out of Japan.Toyota has enjoyed brisk sales in the North American market, its major sales base, and its US production rose 7.3 per cent. Honda Motor Co. moved its production of the CR-V, a sport-utility vehicle for North American market, to the United States from Japan, contributing to a 7.4 per cent in production there. Nissan Motor Co. also moved production of its sport-utility vehicles to local production, pushing its output in the United States 22.9 per cent higher.

 

Japanese automakers also increased production of automobiles in emerging markets, focusing on cars to be sold within these regions. The production of automobiles that suit local tastes is essential to the companies' sales strategies.Nissan began manufacturing automobiles at its third factory in Mexico in November. The company will also begin operations at new factories in Thailand and Brazil by March. Suzuki Motor Corp. announced Tuesday that it will establish a wholly owned subsidiary in India, where it has the largest market share, and will build its third factory at a cost of about ¥50 billion.