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Monday, October 31, 2011

Automotive Roundup October From Australia

Janpan Auto Sales Post First Rise Since Quake:Japan's carmakers are finally recovering after the earthquake and tsunami that rocked the country in March of this year severely disrupted the automotive industry supply chain.

New car, truck and bus sales rose 1.7 per cent in September to 313,790 vehicles, according to the Japan Automobile Dealers Association.

It was the first year-on-year rise in sales in 13 months and comes after figures showed higher auto production and exports during August.

Auto sales in the September 2011 to March 2012 period will increase by 17.4 per cent compared to a year ago, according to the Japan Automobile Manufacturers Association.

In September, Toyota saw sales volumes rise 0.7 per cent, mainly off the back of a 59.9 per cent increase in deliveries of its luxury Lexus brand.

Honda posted a 1.6 per cent sales gain while Nissan actually saw sales dip by 7.7 per cent year afer year.

Gap between automobile exports and imports may continue to grow:China will continue to import more passenger vehicles than it exports, figures indicate.

Imports totalled 316,177 units in August, up 83 per cent on last year, according to data from the China Association of Automobile Manufacturers collected by chinanews.com.

At the same time, the level of exports rose just 37 per cent to 223,776 units.

Honda's Thai production underwater as floods hit Japan firms:Japan's big auto companies faced severe disruption to production in Thailand as the country is hit by some of the worst flooding in decades.

Toyota said it would be forced to close three plants, accounting for around eight per cent of global production.

Meanwhile, Honda could lose up to 60,000 units of production. Plants in Japan are already operating at full capacity to make up for the earthquake and tsunami in March, leaving little room to pick up the slack.

"Capacity utilisation in Japan is already high to meet post-earthquake recovery demand, so Honda's Japanese plants may not be able to supply sufficient volumes," Nomura analyst Masataka Kunugimoto said a report.

WRAPUP 4-Daimler, VW feel chill of Europe car slowdown:Daimler AG and Volkswagen have delivered a pessimistic outlook for Europe's carmakers as the eurozone debt crisis hits.
Sales of Daimler's Mercedes-Benz brand fell two per cent in Western Europe, denting the firm's third-quarter profits.

The firm said the region has "little sign of any significant growth impetus".

Volkswagen said: "The strained debt situation in certain eurozone countries and the end of subsidy programs will have a negative impact on demand for new vehicles in many western European countries."

Truck sales in Europe actually rose 4.5 per cent in September, according to industry group ACEA, though Volvo is preparing to cut output in anticipation of lower demand in Europe and Scania has issued a similar warning if sales fall.

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