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Saturday 18th September 2021 01:25 AM

New Car Sales of Toyota Surge In China In May Amid Easing Virus Fears


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BEIJING (Kyodo) -- New car sales of Japan's Toyota Motor Corp. in China surged in May, the manufacturer said Thursday, underscoring that its business in the country is on a recovery track with concern over the new coronavirus outbreak easing. 

Sales in the nation for Toyota, Japan's largest automaker, rose 20.1 percent from a year earlier to 166,300 units last month, after edging up 0.2 percent in April. They fell 15.9 percent in March when the spread of the pneumonia-causing virus was stifling the Chinese economy.

Sales for Nissan Motor Co. also gained 6.7 percent to 130,016 units in May, while those for Mazda Motor Corp. soared 31.6 percent to 22,886 units, highlighting that the car market has become robust in China with business activities returning to normal at home.

Honda Motor Co. saw new car sales drop 1.7 percent to 134,230 units in China in May, the Japanese automaker said, but the pace of decrease was much slower than the 10 percent decline in April and the 50.8 percent plunge seen in March.

The virus epidemic began in China around Jan. 24, the start of the weeklong Lunar New Year holiday, forcing Japanese manufacturers to suspend operations of their factories and showrooms for an extended period.

In February, sales for Toyota and Honda plummeted 70.2 percent and 85.1 percent, respectively.

As the increase in infections peaked in late February, Japanese carmakers have resumed production at their factories elsewhere in China, including Wuhan, a business and transportation hub with a population of some 11 million.

On April 8, a lockdown on the capital city of Hubei Province was lifted, 76 days after it was imposed.

The new virus, which causes respiratory disease COVID-19, has infected over 83,000 people in mainland China and killed more than 4,600, the nation's health authorities said.

THE MAINICHI



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Posted on : Saturday 18th September 2021 01:25 AM

New Car Sales of Toyota Surge In China In May Amid Easing Virus Fears


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Posted by  Tronserve admin
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BEIJING (Kyodo) -- New car sales of Japan's Toyota Motor Corp. in China surged in May, the manufacturer said Thursday, underscoring that its business in the country is on a recovery track with concern over the new coronavirus outbreak easing. 

Sales in the nation for Toyota, Japan's largest automaker, rose 20.1 percent from a year earlier to 166,300 units last month, after edging up 0.2 percent in April. They fell 15.9 percent in March when the spread of the pneumonia-causing virus was stifling the Chinese economy.

Sales for Nissan Motor Co. also gained 6.7 percent to 130,016 units in May, while those for Mazda Motor Corp. soared 31.6 percent to 22,886 units, highlighting that the car market has become robust in China with business activities returning to normal at home.

Honda Motor Co. saw new car sales drop 1.7 percent to 134,230 units in China in May, the Japanese automaker said, but the pace of decrease was much slower than the 10 percent decline in April and the 50.8 percent plunge seen in March.

The virus epidemic began in China around Jan. 24, the start of the weeklong Lunar New Year holiday, forcing Japanese manufacturers to suspend operations of their factories and showrooms for an extended period.

In February, sales for Toyota and Honda plummeted 70.2 percent and 85.1 percent, respectively.

As the increase in infections peaked in late February, Japanese carmakers have resumed production at their factories elsewhere in China, including Wuhan, a business and transportation hub with a population of some 11 million.

On April 8, a lockdown on the capital city of Hubei Province was lifted, 76 days after it was imposed.

The new virus, which causes respiratory disease COVID-19, has infected over 83,000 people in mainland China and killed more than 4,600, the nation's health authorities said.

THE MAINICHI


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car sales toyota motor corp automaker nissan motor co honda motor co japanese carmakers