Japanese Auto Exports Rise 7.4% In March From Year Earlier

Jan. 13, 2005
By Agence France-Presse Japanese auto exports (which include passenger cars, trucks and buses) in March rose 7.4% from a year earlier to 395,025 units, thanks to an improvement in the U.S. economy, an industry association said April 26. The March ...
By Agence France-Presse Japanese auto exports (which include passenger cars, trucks and buses) in March rose 7.4% from a year earlier to 395,025 units, thanks to an improvement in the U.S. economy, an industry association said April 26. The March exports marked the third consecutive year-on-year rise, the Japan Automobile Manufacturers Association (JAMA) said. Of the total, passenger car exports rose 8% to 332,988 vehicles and truck exports grew 4.7% to 57,937, with bus shipments up 2.9% at 4,100, the association said. In value terms, exports of motor vehicles and auto parts gained 7.6% to $8.1 billion, it said. By region, auto exports to the United States jumped 24% to 161,280 units but European Union-bound shipments fell 5.5% to 63,124. "Clearly, the recovery of the North American market has helped Japanese auto exports in recent months," says JAMA spokesperson Aki Yanase. Exports for European and Asian nations are decreasing due partly to slowing demand in those markets and because Japanese automakers have been shifting their factories overseas, Yanase said. Japanese auto exports in the fiscal year to March fell 2.9% to 4,248,392 from the previous year. Passenger car exports skidded 2.7% to 3,641,333 vehicles. Truck exports also fell 5.1% to 561,991 units, with bus exports rising 6.1% to 45,068 units. "In the long run, the trend of lower auto exports is likely to continue because Japanese automakers are moving their production facilities abroad," Yanase says. Meanwhile, motorcycle exports dropped 11.8% to 149,000 in March, falling for the seventh straight month. In the fiscal year to March, motorcycle exports fell 8.7% to 1,513,785 units, JAMA said. Copyright Agence France-Presse, 2002

Popular Sponsored Recommendations

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

What Does Agility Look Like for Today's Auto Industry?

Dec. 4, 2023
Without modern technologies, enterprises aren't able to fully analyze the risks and respond to ongoing supply chain issues and semiconductor shortages.

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!