The Japanese new car market ended the year 2012 up 27.5 percent to 5,369,721 units. You may read other numbers elsewhere, but that’s because it is often overlooked that regular vehicles and mini vehicles are reported separately in Japan. At TTAC, we consolidate them as a service to our readers.
Japan ends the year without the big double-digit drop some prophesied for the last quarter after government incentives expired in September. The market is down slightly in December, and up strongly for the year.
Sales of regular vehicles were down 3.4 percent in December and up 26.1 percent for the year, the Japan Automobile Dealers Association reports. Honda and Nissan were underperforming, Toyota outperformed the market.
Sales of mini vehicles fell in line with their bigger brothers after having been ahead for the previous months: Up 30.1 percent for the year, and down 2.5 percent for December, according to data provided by the Japan Mini Vehicles Association. Honda continues its attack of the mini vehicle market with its highly successful NBOX series.
|Total vehicle sales Japan December 2012|
|Manufacturer||Dec ’12||Dec ’11||YoY||YTD ’12||YTD ’11||YoY|
Consolidated, the Japanese market ends in much better shape than many predicted: Up 27.5 percent for the year, and only a slight 3.1 percent loss in December, compared to a subsidized previous year.
This year will be a different story.