Industry dynamics

Toyota, Honda, Nissan witness MoM increase in Apr. China sales

Publishtime:1970-01-01 08:00:00 Views:50

In the fourth month of 2023, the three Japanese automakers, namely Toyota Motor, Nissan Motor, and Honda Motor all saw their year-on-year sales plunge narrowed from the previous months in the world’s largest auto market, with Toyota posting a double-digit year-on-year surge.

Toyota, Honda, Nissan witness MoM increase in Apr. China sales

On the other hand, the three companies all failed to turn their respective year-on-year slump in their Jan.-Apr. sales volume positive. Among the trio, Nissan encountered the most severe year-to-date sales decline from a year earlier at 39.3%, with 223,274 vehicles sold in total.

Notably, China’s auto market stayed at a relatively low level under external influences such as the pandemic and the cramped supply of raw materials in April 2022. Hence, the automakers’ overall year-on-year performance in April this year were not applicable to comparison. 

Toyota, Honda, Nissan witness MoM increase in Apr. China sales

Individually, during the past month, Toyota sold 162,600 vehicles in China, representing a 46.3% surge from a year ago, according to data provided by Kyodo. In the first four months of 2023, April marked the second month for Toyota to see a positive growth in monthly sales compared to the year-ago level. 

In the Jan.-Apr. period, Toyota’s cumulative sales volume in China amounted to 542,400 vehicles, which still fell 2.4% from that of a year ago despite the surge in April. 

Toyota, Honda, Nissan witness MoM increase in Apr. China sales

In the past month, Honda Motor’s China monthly sales reached 94,879 vehicles, edging down 0.4% year over year while climbing 13.53% from the previous month. In spite of the month-on-month growth, April was the only month this year where Honda witnessed its monthly sales almost caught up with its year-ago level. 

Toyota, Honda, Nissan witness MoM increase in Apr. China sales

Photo credit: Dongfeng Honda

Notably, sales of one of its two joint ventures in the country, GAC Honda, amounted to 60,498 in April, jumping 40.9% from a year ago. Whereas, the automaker’s other joint venture, Dongfeng Honda, saw its April sales fell 34.2% to 34,381 units.

Toyota, Honda, Nissan witness MoM increase in Apr. China sales

Last but not least, Nissan Motor posted a 12.6% increase in April China sales compared to the previous month, which the automaker boasted as a sign of recovery in sales performance. In the meantime, due to the low base number in the year-ago results, the company’s year-on-year difference in April China sales was also narrowed.

In the past month, Dongfeng Motor Co. & Ltd. (DFL), the joint venture between Dongfeng Motor Group and Nissan Motor, sold 57,545 vehicles (including Nissan, Venucia, and Infiniti brands), which hiked 17.1% from the previous month. Notably, among the passenger vehicles sold in the past month, 52,510 units were Nissan-branded, jumping 24.9% from that of March.

Meanwhile, the company's light commercial vehicle joint venture, Zhengzhou Nissan, recorded a monthly sales volume of 3,768 vehicles in April.