It’s not quite the all clear, but Japanese automakers (and their government-owned Chinese joint-venture partners) breathe a bit easier after receiving April sales numbers for China. Numbers had been down severely after last September’s anti-Japan riots. Latest “figures suggest that the firms are closer to recovering their lost sales,” says The Nikkei [sub].
|China, April 2013|
Honda, which was one of the hardest hit last October, is down only 2.4 percent year-on-year. Nissan even eked-out a 2.7 growth for April. Toyota is down 6.5 in April, but Toyota managers don’t miss a chance to mention that some of the problems are theirs, and that new product is needed and on its way.
As the table shows, some Japanese automakers wish they would be that lucky.