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Japanese cars fall victim to China-Japan dispute

By SYF77 on 12 Oct 2012

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The 2011 Japan Tsunami has caused severe economic repercussions to the Japanese car makers. Now that they have seeming recovered from the disaster, a Tsunami-sized dispute between China and Japan has caused sales of Japanese cars in China to nose dive.

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Japan and China are at loggerheads over claims to sovereignty of some islands in the East China Sea, known as Diaoyu in China or Senkaku in Japan. This has set off violent protests in China, and a widespread call to boycott Japanese goods.

Mitsubishi reported that its China sales plunged 63% to 2,340 vehicles in September while Mazda’s figure sank 36% to 13,258 vehicles for the same month. Toyota said that sales of new vehicles in China dropped 48.9% in September from a year earlier to 44,100 vehicles. Honda and Nissan suffered the same fate as sales dived 40.5% and 35.3% respectively. In addition, Japanese cars were badly vandalized across major cities in China.

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China is one of the emerging markets that Japanese car makers were counting on to increase sales amid a long stagnation in their home market. However, it looks like lady luck is not shining on them these couple of years. A study by J.P. Morgan expects Japanese auto exports to China to fall by 70% during the October-December period.

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SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
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