Japan auto output down 41 per cent in January: industry group
Japan's automobile production plunged a record 41 per cent year-on-year in January as exports tumbled by more than half.
By Agencies |
TOKYO: Japan's automobile production plunged a record 41 per cent year-on-year in January as exports tumbled by more than half, the Japan Automobile Manufacturers' Association (JAMA) said on Friday.
"This is the sharpest decline since 1967, when we started compiling this kind of data," an association spokesman said.
The association said 576,539 vehicles, including trucks and buses, were produced in January 2009 compared with 976,975 for the same month of 2008, a decrease of 400,436 units or 41.0 per cent.
Exports of passenger cars, trucks and buses tumbled 59.1 per cent in January.
Shipments to the United States, the main export market for Japanese carmakers, nosedived by 76.5 per cent with those to Europe plunging by 63.2 per cent and by 54.8 per cent for the rest of Asia, said JAMA.
"This is the sharpest decline since 1967, when we started compiling this kind of data," an association spokesman said.
The association said 576,539 vehicles, including trucks and buses, were produced in January 2009 compared with 976,975 for the same month of 2008, a decrease of 400,436 units or 41.0 per cent.
Exports of passenger cars, trucks and buses tumbled 59.1 per cent in January.
Shipments to the United States, the main export market for Japanese carmakers, nosedived by 76.5 per cent with those to Europe plunging by 63.2 per cent and by 54.8 per cent for the rest of Asia, said JAMA.
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