ID :
180460
Fri, 05/06/2011 - 17:15
Auther :
Shortlink :
https://oananews.org//node/180460
The shortlink copeid
New vehicle sales by Toyota, Honda in China dive over 20% in April
BEIJING, May 6 Kyodo - New vehicle sales by Toyota Motor Corp. and Honda Motor Co. in China in April tumbled 23.5 percent and 22 percent from a year earlier to 48,700 units and 43,000 units, respectively, their local subsidiaries said Friday.
The sales declines came after the Japanese automakers reduced production in the local market due to difficulty procuring auto parts from Japan in the wake of the March 11 earthquake and tsunami that devastated the country's northeast.
Both companies are scrambling to bring their production back to pre-quake levels, but it remains unclear when the supply disruption will recede to enable them to regain their footholds in China, the world's largest auto market.
Among other Japanese automakers, Nissan Motor Co.'s new vehicle sales in China rose 5 percent to 95,000 units in April but sales of passenger cars fell 1.8 percent to 55,700 units, according to its local subsidiary.
Industry analysts said the expiration of the Chinese government's tax breaks for small cars also affected the results.
Toyota is in the process of slashing operations at all assembly plants in China to 30 to 50 percent of the normal levels on average between April 21 and June 3.
Honda is also expected to see its production return to normal in Japan by the end of this year, ahead of full recovery in overseas operations, while Nissan is reducing production by halting assembly lines on holidays.
The sales declines came after the Japanese automakers reduced production in the local market due to difficulty procuring auto parts from Japan in the wake of the March 11 earthquake and tsunami that devastated the country's northeast.
Both companies are scrambling to bring their production back to pre-quake levels, but it remains unclear when the supply disruption will recede to enable them to regain their footholds in China, the world's largest auto market.
Among other Japanese automakers, Nissan Motor Co.'s new vehicle sales in China rose 5 percent to 95,000 units in April but sales of passenger cars fell 1.8 percent to 55,700 units, according to its local subsidiary.
Industry analysts said the expiration of the Chinese government's tax breaks for small cars also affected the results.
Toyota is in the process of slashing operations at all assembly plants in China to 30 to 50 percent of the normal levels on average between April 21 and June 3.
Honda is also expected to see its production return to normal in Japan by the end of this year, ahead of full recovery in overseas operations, while Nissan is reducing production by halting assembly lines on holidays.
