Japan's Top Automakers Post Record Production in February

Strategic Insights -

Worldwide production at three of Japan's top automakers hit records for the month of February, according to data released by the companies. Toyota, Nissan, and Honda reported significant year-over-year growth, while Mitsubishi and Mazda struggled due to various issues. Toyota led the way with a 11.6% increase in global output, followed closely by Nissan with a 10.8% rise and Honda with a 10.5% increase.

Key Takeaways:

  • Toyota's global output reached a record 603,629 units in February, up 11.6% from the previous year.
  • Nissan's global output also hit a record 316,404 units, up 10.8% from the previous year.
  • Honda's global output reached 280,536 units, up 10.5% from the previous year.
  • Mitsubishi's global output dropped 13.8% to 109,073 units due to ongoing scandals.
  • Mazda's global output increased only 0.1% to 88,050 units, despite a December fire affecting production.
  • Toyota, Nissan, and Honda saw significant growth in domestic sales, with Toyota's sales increasing by 3.0% to 164,017 units.
  • Nissan's sales soared 9.5% to 89,908 units, while Honda's sales fell 14.9% to 54,780 units.
  • Toyota's exports rose 10.2% to 169,282 units, while Nissan's exports increased by 7.7% to 64,272 units.
  • Honda's exports jumped 21.3% to 48,254 units, while Mazda's exports fell 18.1% to 38,151 units.

Statistics:

  • Toyota's global output: 603,629 units (up 11.6% from the previous year)
  • Nissan's global output: 316,404 units (up 10.8% from the previous year)
  • Honda's global output: 280,536 units (up 10.5% from the previous year)
  • Mitsubishi's global output: 109,073 units (down 13.8% from the previous year)
  • Mazda's global output: 88,050 units (up 0.1% from the previous year)
  • Toyota's domestic sales: 164,017 units (up 3.0% from the previous year)
  • Nissan's domestic sales: 89,908 units (up 9.5% from the previous year)
  • Toyota's exports: 169,282 units (up 10.2% from the previous year)

Sources:

  • Toyota Motor Corp.
  • Nissan Motor Co.
  • Honda Motor Co.
  • Mitsubishi Motors Corp.
  • Mazda Motor Corp.
  • Kyodo News International