Latest news with #Daihatsu
Yahoo
4 days ago
- Automotive
- Yahoo
Japan's vehicle market drops 4% in July
Japan's new vehicle market shrank by 3.6% year-on-year to 390,516 units in July 2025, down from 405,175 units in the same month last year, according to registration data released by the Japan Automobile Manufacturers Association. The rebound from last year's production stoppages, when Daihatsu Motor was ordered to halt production of a number of key models following its widely covered safety test rigging scandal, appears to have fizzled out. Other brands were also affected by the stoppages last year, including Toyota and Mazda. Japanese consumers have also come under pressure in recent months from higher vehicle loan repayment rates, after the Bank of Japan increased its interest rate last year. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You In the first seven months of 2025, Japan's vehicle market expanded by 8% to 2,735,977 units after declining by 11% to 2,532,665 in the same period last year, with sales of passenger cars rising by 8% to 2,315,711 units, while truck sales increased by 7% to 414,004 units, and sales of medium and large bus and coach sales were up by just 1% to 6,262 units. Toyota's domestic sales rose by 11% to 851,340 units year-to-date, while Daihatsu's sales rebounded by 88% to 305,822 units from depressed year-earlier levels, and Mazda's volumes also recovered by 17% to 93,897 units. Brands not affected by last year's production stoppages have not performed as well so far this year, including Suzuki which saw its sales rise just slightly to 437,314 units, while Honda's sales declined by over 7% to 372,155 units, and Nissan's sales were down by almost 12% to 255,126 units. Overseas brands accounted for just over 5% of total vehicle sales in Japan year-to-date, led by German automakers including Mercedes-Benz, BMW-Mini, Audi, and Volkswagen. "Japan's vehicle market drops 4% in July" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
Toyota-Lexus output to hit 10 million vehicles in 2025
Toyota Motor Corporation has revised upward its global vehicle production forecast for its Toyota and Lexus brands combined to 10 million vehicles in 2025, up from 9.9 million units in 2024, according to local reports. The data does not include the company's Daihatsu small car subsidiary and its truck-maker Hino Motors, which together produced a further 1.09 million units last year. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service The Toyota and Lexus brands last exceeded 10 million units in combined output in 2023, when the automaker rebounded from an acute shortage of semiconductors, which had a significant effect on overall Japanese vehicle output in the previous year. Earlier this year the automaker had forecast that Toyota and Lexus output in 2025 would come in at around 9.9 million units, with demand held back by uncertainty over US import tariff hikes. But the company has revised this forecast upward after output rose by 5.8% to 4,918,024 units in the first half of 2025. Additionally, Daihatsu's first-half global output rebounded by 55% to 546,072 units, following last year's production setbacks, while Hino's output declined by 19% to 58,943 units. "Toyota-Lexus output to hit 10 million vehicles in 2025" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
04-08-2025
- Automotive
- IOL News
The global automotive drive leading BRICS
The global Light Vehicle (LV) selling rate rose to an annualised figure of 93 million units in June. Compared to the same month in 2024, this represents a 2% increase, with a total of 7.7 million vehicles sold worldwide. It is, today, common knowledge that China leads in World Automotive production with its BYD vehicles taking centre-stage. Automotives make up around 5-10% of global GDP (Gross Domestic Product). China produces around 35% of vehicles in the world. China's LV market witnessed a 12.6% YoY increase in June, with sales reaching 2.3 million units. This pushed the annualised selling rate above 30 million for the first time since mid-2022. Most of the growth came from the passenger vehicle segment, which grew by 13.4% YoY. The wholesale volume set a new record high for the month. As economic uncertainty fades, consumer spending is beginning to recover, helping boost vehicle sales. Domestic manufacturers continue to perform well both locally and abroad. Intense pricing competition remains a feature of the Chinese market, with automakers offering additional value—such as free upgrades—rather than cutting base prices. However, the government has expressed concerns about this trend, and price wars may begin to ease. There is increasing anxiety that Chinese firms could adopt similar pricing strategies internationally to capture market share. Other Asia In Japan, vehicle sales were up 5.8% YoY in June. However, growth has tapered off since May following strong figures earlier in the year, which were largely due to a low base in 2024. Supply chain issues, particularly stemming from a production incident involving key suppliers to Toyota, Daihatsu, and Suzuki, also impacted March figures. Given these factors, the outlook for Japan's automotive market remains modest. South Korea saw a 6% YoY rise in LV sales in June. Robust domestic demand for locally produced models supported the market, with Hyundai and Kia leading the way through successful new releases. Passenger vehicle sales rose by 7% YoY, helping to lift overall performance. Although light commercial vehicle sales declined by 3% YoY, the launch of new pickup models has started to stabilise that segment. South America In Brazil, LV sales stood at 202,000 units in June, representing a slight YoY dip of 0.2%. The annualised selling rate decreased marginally from 2.55 million units in May to 2.50 million in June. Following an exceptionally strong May, some market normalisation was expected. Hybrid and electric vehicles reached a record 11% share of total sales for the month. Argentina's market showed impressive momentum, with sales up 69% YoY to an estimated 50,000 units. This marked the sixth month in a row where the annualised selling rate exceeded 500,000 units. The positive results are largely due to government tax cuts on vehicles and eased import restrictions. Mounting trade tensions have started to impact key markets such as the United States and Western Europe. In contrast, China's automotive sector continues to perform strongly, bolstered by supportive market conditions and incentives. In Western Europe, economic stagnation and political instability continue to dampen consumer sentiment. Meanwhile, the US saw a decline in sales, partly due to two fewer trading days and reduced promotional offers from manufacturers in response to tariffs. North America In the United States, June vehicle sales dropped by 4.3% year-on-year to 1.26 million units. Adjusting for the reduced number of trading days, sales actually grew by 3.6% YoY. However, the comparison is skewed due to the 2024 CDK cyberattacks. The annualised selling rate decreased slightly to 15.2 million units from 15.4 million in May. Although sales improved slightly at the quarter's end, the general trend was subdued as fewer incentives were offered by OEMs. Canada's market showed an improvement, with an estimated 174,000 vehicles sold in June, up 3.6% YoY. Notably, Ford and General Motors each saw 9.7% growth, contributing to a rise in the selling rate from 1.6 million to 1.9 million units per year. Mexico, on the other hand, experienced a 1.5% YoY dip in sales, totalling 123,000 units, with a selling rate of 1.58 million units annually. Limited economic momentum is expected to constrain the Mexican market in the short term, although conditions may improve in 2026. Europe In Western Europe, the LV selling rate increased to 13.3 million units annually. However, sales volumes declined by nearly 7%, with total sales standing at 1.26 million units. The major markets—France, Germany, and Italy—continue to face difficulties amidst economic pressures and trade frictions between the EU and the US, which have further undermined consumer confidence. Eastern Europe recorded a stable selling rate of 4.3 million units per year, similar to May's figure, although overall sales fell by 10% YoY. Russia experienced a 29% YoY drop, with the selling rate sliding to 1.13 million units annually, due to high interest rates stifling consumer credit and vehicle financing. Nonetheless, some early signs of recovery are emerging, supported by resumed factory operations and government schemes like the 'First Car' and 'Family Car' programmes. A potential interest rate cut may offer further relief in the second half of 2025. In Turkey, passenger vehicle sales climbed for the fourth straight month, reaching 94,000 units in June—a 7% YoY rise. Demand is being driven by EV incentives, the entry of Chinese manufacturers, and the effects of inflation. Written By: Cole Jackson Lead Associate Chinese & South American Specialist
Yahoo
31-07-2025
- Automotive
- Yahoo
Toyota global vehicle sales rise 3% in June
Toyota Motor Corporation reported a 2.7% year-on-year rise in global group sales to 937,246 vehicles in June 2025, including its Daihatsu and Hino subsidiaries, driven by an 11.5% rebound in Japan to 179,925 units from weak levels a year earlier, while overseas sales rose by just 0.8% to 757,321 units. Sales in Japan last year were hit by extensive production stoppages at the group's small car unit Daihatsu, due to a safety test rigging scandal. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Great Rates and Award-Winning Service Affordable Auto Insurance, Customized for You In the first six months of 2025, Toyota's global group sales increased by 7.4% to 5,544,880 units, with sales in Japan surging by over 27% to 1,049,027 units, while overseas sales increased by 3.6% to 4,495,853 units. The group is expected to have retained its title as the world's largest vehicle manufacturer, with Volkswagen Group trailing in second place with first-half sales of 4.41 million units. Global sales of Toyota- and Lexus-branded vehicles increased by 5.5% to 5,159,282 units year-to-date, with sales in Japan rising by almost 13% to 768,445 units, while overseas sales rose by just over 4% to 4,390,837 units. Sales in North America increased by 4.2% to 1,438,982 units, while sales in Latin America (excluding Mexico) rose by 7% to 243,928 units. Sales in Asia (excluding Japan) rose by 5.4% to 1,544,055 units, reflecting strong growth in China, India, Vietnam, and the Philippines. In Europe, sales increased by just 1.4% to 612,007 units. Toyota and Lexus reported a 19% rise in global sales of electrified vehicles to 2,492,321 units combined in the first six months of the year, accounting for over 48% of total sales. Sales of battery electric vehicles (BEVs) rose by 12% to 82,079 units, which were almost all sold overseas, while sales of hybrid electric vehicles (HEVs) rose by 17% to 2,233,048 units. Daihatsu's global sales rebounded by over 56% to 329,416 units year-to-date following last year's production stoppages, with sales in Japan surging by 116% to 262,301 units, while overseas sales plunged by 25% to 67,115 units. The group's commercial vehicle unit, Hino Motors, reported a 5% drop in global sales to 56,182 units in this period, with sales in Japan falling by almost 10% to 18,281 units, while overseas sales declined by 3% to 37,901 units. "Toyota global vehicle sales rise 3% in June" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Japan Times
30-07-2025
- Automotive
- Japan Times
Toyota logs record global sales despite Trump tariff turmoil
Toyota saw record global sales during the first half of 2025 as strong demand for hybrid vehicles in core markets helped offset headwinds from U.S. President Donald Trump's tariffs on cars imported to the United States. Toyota's global sales — including that of subsidiaries Daihatsu and Hino — rose 7.4% to more than 5.5 million units between January and June, the company said Wednesday. That's mostly due to strong demand in the U.S., Japan and China. Production grew 8.8% to 5.5 million units during the period, including a nearly 20% jump in domestic output. The carmaker's sales were bolstered in the early part of the year by a last-minute rush from customers to lock-in purchases before Trump's threatened 25% tariff on car imports. While that sparked uncertainty across the global auto sector, Japan's carmakers may be better placed than rivals following a trade pact reached this month that will see just a 15% duty on vehicles imported to the U.S. The U.S. is the biggest export market for Japanese carmakers, with $40.8 billion worth sold there last year and additional models imported from factories in Canada or Mexico. Toyota, which was set to face the biggest hit from tariffs among its peers, has said it hopes for improved ties between the U.S. and Japan, and called for further reductions in duties. The carmaker said that in June, global sales rose 2.7% to 937,246 units. Production increased 7.7% to 963,455 units. While a rebound in the popularity of hybrids has helped its bottom line, Toyota and other legacy brands face intense competition from a wave of electric vehicle makers, led by Elon Musk's Tesla and China's BYD. Toyota has sold about 82,000 battery EVs so far this year, almost all of which were delivered to customers outside of Japan. Meanwhile, Honda said sales in June fell 8% to 285,479 units, while production was almost flat compared with a year earlier. Nissan's sales fell 5% last month to 262,133 units.
