Japan automakers post 14% drop in August global sales

  • Japan's seven major automakers, including Toyota and Nissan, sold a combined 1.97 million vehicles last month.
Representational photo of newly manufactured cars (REUTERS)
Representational photo of newly manufactured cars

Japanese automakers saw a 14% drop in global vehicles sales in August, the sixth straight month of losses, as the coronavirus pandemic continued to sap demand even after factories and dealerships reopened.

The country's seven major automakers, including Toyota Motor Corp and Nissan Motor Co, sold a combined 1.97 million vehicles last month, according to Reuters calculations based on sales data released by the companies on Tuesday.

Also check these Vehicles

Find more Cars
Nissan Sunny 2024 (HT Auto photo)
UPCOMING
Engine Icon1498.0 cc FuelType IconDiesel
₹ 8.50 Lakhs
Alert Me When Launched
Nissan Juke (HT Auto photo)
UPCOMING
Engine Icon998.0 cc FuelType IconPetrol
₹ 10 - 15 Lakhs
Alert Me When Launched
Nissan Leaf (HT Auto photo)
UPCOMING
₹ 30 Lakhs
Alert Me When Launched
Nissan Qashqai (HT Auto photo)
UPCOMING
Engine Icon998.0 cc FuelType IconPetrol
₹ 25 - 30 Lakhs
Alert Me When Launched
Nissan Magnite (HT Auto photo)
Engine Icon999.0 cc FuelType IconPetrol
₹ 6 - 11.11 Lakhs
Compare
View Offers
Nissan X-trail (HT Auto photo)
UPCOMING
Engine Icon1995.0 cc FuelType IconDiesel
₹ 26 - 32 Lakhs
Alert Me When Launched

The decline in monthly sales has slowed significantly since a 50% slump in April, while only Suzuki Motor Corp posted a 2.2% increase in August sales.

Also Read : Japanese govt exposed to 40% of $6.7 billion Nissan loans: Sources

Total global production at Japan's seven major automakers fell 14% year-on-year to 1.84 million units last month, barely drifting from a 14.4% dip in July.

Global demand for cars has been weak since March due to virus-related lockdowns in many countries that kept people away from dealerships. A second wave of infections has forced some countries to impose tighter restrictions on peoples' movements again.

Industry experts anticipate that it could take up to five years for demand to recover to pre-pandemic levels.

First Published Date: 29 Sep 2020, 11:44 AM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.