Sales of Japanese car brands in China expected to take a dive

Article by Christian Andrei, on September 20, 2012

Sales of Japanese car brands in China are expected to take a dive with the worsening anti-Japan sentiment in the country. In the past few days, protesters who are anti-Japanese have gone to the streets. As a result, many of those who own Japanese-built cars no longer drive them. Toyota Motor Corp., Nissan Motor Co., and Honda Motor Co., as well as other Japanese carmakers, anticipate a crisis that may become even bigger than the earthquake and tsunami in Japan last year.

Protests have erupted over taking control of the islands. China's Passenger Car Association expects Japanese automakers to get beaten by German nameplates in China for the first time since 2005. Cui Dongshu, the deputy secretary general of the Passenger Car Association, said that the effect on Japanese automakers is “very serious” and will persist for a long period.

He added that with the numerous choices available, most buyers would rather not bother with safety issues due to the anti-Japan sentiment. It’s likely that consumers would instead buy vehicles offered by market leaders General Motors Co. and Volkswagen AG. This year, GM has reported sales of 1.84 million cars in China under brands like Buick, Chevrolet and Cadillac.

On the other hand, two of Volkswagen’s two ventures have posted sales of 1.49 million vehicles in 2012. So far this year, Nissan has sold about 485,000 vehicles in China. Nissan, whose shares plunged the most yesterday in four months as protests became violent in several Chinese cities, led a recovery in shares of Japanese automakers in today’s Tokyo trading.

Topics: japan, china

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries