Home Page About Us Contribute

Escort, Inc.

Tweets by @CrittendenAuto

By accessing/using The Crittenden Automotive Library/CarsAndRacingStuff.com, you signify your agreement with the Terms of Use on our Legal Information page. Our Privacy Policy is also available there.

Japan Carmakers Report Sales Plunge in China

American Government Special Collections Reference Desk

Cars in China

Japan Carmakers Report Sales Plunge in China

VOA Breaking News
Voice of America
October 9, 2012 at 7:40 am (UTC-4)

Japan's largest automakers are reporting a sharp sales drop in China in September, confirming fears that a heated territorial dispute is affecting crucial trade between Asia's two largest economies.

Toyota said Tuesday that sales of new vehicles in China dropped nearly 49 percent last month compared to a year earlier, while Honda sales dropped more than 40 percent and Nissan fell more than 35 percent.

Last month, Japan purchased a group of disputed islands in the East China Sea that are also claimed by Japan.

The move prompted mass boycotts of Japanese goods and sometimes violent anti-Japan protests across China, forcing many Japanese factories there to suspend operations and cut production.

Toyota and Honda dealerships were burned in one Chinese city, while videos circulated on the Internet showing rioters smashing Japanese vehicles.

While the unrest has died down, observers say many Chinese may be reluctant to purchase Japanese-made goods while diplomatic tension remains.

The dispute has also affected Japan's smaller automakers. Mazda said last week its September sales in China dropped 35 percent from a year earlier. Mitsubishi reported a drop of 63 percent.

It appears that non-Japanese automakers may be benefiting from the dispute. In September, Germany's BMW said China sales surged 55 percent, while Audi rose by 20 percent. South Korea's Hyundai Motor increased by 15 percent.

The two Asian powers have failed to find a diplomatic resolution to the dispute surrounding the archipelago, known in Japan as Senkaku and in China as Diaoyu. The uninhabited islets are surrounding by rich fishing grounds that are also thought to contain vast energy deposits.

Connect with The Crittenden Automotive Library

The Crittenden Automotive Library at Google+ The Crittenden Automotive Library on Facebook The Crittenden Automotive Library on Instagram The Crittenden Automotive Library at The Internet Archive The Crittenden Automotive Library on Pinterest The Crittenden Automotive Library on Twitter The Crittenden Automotive Library on Tumblr

The Crittenden Automotive Library

Home Page    About Us    Contribute