Data Shows Pace of Recovery for Auto Makers Hurt by Japan QuakeData Shows Pace of Recovery for Auto Makers Hurt by Japan Quake
Car production was down 30.2% in first-half 2011, but the gap with year-ago closed to just 16.2% for the month of June, JAMA data reveals.
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Anyone who believed Japan’s automotive industry was knocked down and almost out by the March 11 earthquake will be surprised by the speed of recovery.
In first-half 2011, production of cars was off 30.2% to 2.92 million units, while truck output fell 22.4% to 464,559 and bus builds slipped 27% to 40,188, the Japan Automobile Manufacturers Assn. reports.
First-half 2011 car production down 30.2% in Japan.
But things are fast returning to normal. In June, car production slipped only 16.2% year-on-year and output rose 0.1% for trucks and 5.5% for buses.
Comparing major producers’ 6-month and June production performances shows rates of change varying. But, for most, recovery is well under way.
In the first six months of 2011, Toyota production was 62% of like-2010 levels, but output in June was 84.1% of year-ago results.
Nissan’s production was 81.7% of prior-year in the first half and 101.9% in June.
The same comparative production numbers from JAMA for other major auto makers, first half and June 2011:
Isuzu: 88.7% and 112.4%
Mitsubishi: 99.4% and 108.1%
Daihatsu: 74.1% and 97.8%
Mazda: 79.7% and 97.7%
Suzuki: 71.9% and 77.1%
Fuji (Subaru): 68.9% and 67.7%
Honda: 54.3% and 49.4%
Car exports are rebounding as well, down 20.5% to 1.63 million units in the first half of 2011 but only off 11.2% in June. Truck exports declined 22.1% in the first six months to 166,577, but only 0.2% in June.
A Ward’s study, “After the Earthquake: Fixing Japan’s Auto Supply Chain,” released in June, indicates production should be back at 90% of capacity or above by September.
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