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Asian Economic News

Japan Automobile Production Continues To Fall In July

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Automobile production in Japan declined for the thirteenth consecutive month in July, figures from the Japan Automobile Manufacturers Association showed Monday.

Production volume of vehicles fell 5.9 percent or by 53,034 units year-over-year to 841,812 units in July.

Domestic automobile demand decreased 7.6 percent annually to 425,093 units in July. At the same time, exports increased for the second straight month in July by 0.4 percent.

Automobile export to the United States grew by 13.2 percent, while shipments to Asia went down by 10.6 percent.

Motorcycle production plunged 18.3 percent in July from a year ago to 40,795 units. It was the ninth successive monthly fall. Domestic sales dropped 2.8 percent and exports slumped by 23.4 percent.

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