Jap auto sales in China in free fall ...

Jap auto sales in China in free fall in September

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RayH

Shenzhen, China

#2 Oct 6, 2012
BEIJING (Reuters)- Toyota Motor Corp's <7203.T> China sales fell about 40 percent in September from the year before, while those of rivals such as Hyundai and BMW jumped, underscoring how badly Japanese brands have been hit by a territorial row between the two countries.
Showroom traffic and sales have plunged at Japanese car makers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over the Japanese government's purchase of a group of disputed islands in the East China Sea from their private owner.
A prolonged sales hit of this scale could threaten profit forecasts at Toyota, Nissan Motor Co <7201.T> and others as China, the world's biggest car market, makes up a bigger portion of their global sales.
Toyota sold about 50,000 cars in China in September, a senior company executive, speaking on condition of anonymity, told Reuters on Friday. That would be down from about 86,000 in September 2011 but better than the figure reported earlier by Japan's Yomiuri newspaper, which said sales halved from the 75,000 sold in August.
The dramatic fall-off in demand for Japanese vehicles has been an unexpected boon for other foreign brands, with South Korea's Hyundai Motor Co <005380.KS> saying on Friday its China sales climbed 15 percent to 84,188 vehicles last month.
Toyota declined to confirm the number, saying it would announce its Chinese sales for September on Tuesday.
As demand evaporates, Toyota, Nissan, Honda Motor Co <7267.T> and others have been forced to cut back production in recent weeks in a slowing, but still promising Chinese market.
A source told Reuters late last month that Toyota's production cutbacks could extend through November, a move that would almost certainly put the company's goal of selling 1 million cars in China this year out of reach.
"I would say it's almost impossible now," the executive said, blaming the wave of anti-Japan sentiment that has swept the country.
He added, however, that sales showed signs of recovery towards the end of last month, especially over the final weekend, providing some hope for an early comeback.
LATEST FLARE-UP IN TENSIONS
Anti-Japan sentiment across China escalated last month amid a row over a group of uninhabited islets, known as the Senkaku islands in Japan and the Diaoyu islands in China, whose nearby waters are thought to hold potentially rich natural gas reserves. They have been under Japan's control since 1895.
Demonstrators vandalizedproperties of Japanese companies, including a Toyota outlet in the eastern city of Qingdao that was torched, in the latest flare-up in tensions that have smoldered since the end of World War Two.
Japanese car makers have been the most visible losers, although there have been signs of the tensions affecting other sectors, with All Nippon Airways Co Ltd (ANA) <9202.T> saying late last month it had seen a wave of cancellations on Japan-China routes.
Semiconductor maker Rohm Co Ltd <6963.OS> forecast a decline in orders for the second half of the fiscal year ending March, citing significant weakness from automakers.
RayH

Shenzhen, China

#3 Oct 6, 2012
"The second half is not looking very good, it all depends on how much impact the events in China will have," said Hidemi Takasu, managing director of R&D at Rohm, on the sidelines of the CEATEC technology trade show near Tokyo.
"We sell quite a lot to automakers so when they decide to cut production we feel the impact."
On Thursday, Mazda Motor Corp <7261.T> said its China sales tumbled by more than a third last month from a year earlier, providing the first concrete numbers to point to Japanese automakers' troubles in China.
A Nissan executive said on Friday he expected the protests to have affected its Chinese sales in September, but reiterated the car maker's stance that it would not alter its strategy there.
"China is a growing market," Executive Vice President Takao Katagiri told reporters in Yokohama. He added that official figures would be announced after China's mid-autumn festival holiday, which ends on Friday.
The exodus from Japanese cars has in turn helped other foreign brands. Among premium brands, Volkswagen's Audi boosted sales by 20 percent in September, BMW by 55 percent and Daimler's Mercedes-Benz by 10 percent.
The owner of a large car dealership chain in China said his Japanese brand outlets - Toyota, Lexus, Nissan and Honda - have endured anti-Japan sentiment in the past.
"But this time it feels a bit different, and I hope things will return to normal quickly as before," he said.
Especially worrisome, he added, was the notion developing among some ordinary Chinese consumers, who were not necessarily anti-Japan, that it was risky to drive Japanese-brand cars.
In some incidents last month, protesters attacked Japanese cars driving by, damaging them and in some cases beating up their drivers and passengers.
Shares of Toyota and Nissan fell on Friday, against a modest gain in the broader Tokyo market <.TOPX>.
Nissan, whose exposure to China is the largest among Japan's top three automakers at 27 percent of projected global sales, fell 1.5 percent. Toyota closed down 1.6 percent. The Topix index rose 0.2 percent.
RayH

Shenzhen, China

#4 Oct 6, 2012
Mitsubishi sales dropped by 63 % in Sept. 2012.

You asked for it, you got it, Nips.
I can read

Edinburgh, UK

#5 Oct 6, 2012
RayH wrote:
Mitsubishi sales dropped by 63 % in Sept. 2012.
You asked for it, you got it, Nips.
They're still on course to make over a billion dollars just in profit.

Meanwhile, China has shown itself to be deeply racist and dangerously nationalistic.

The country is in deep trouble if it can't maintain 8% growth and now outside investors have become much more wary of investing in the PRC. Nobody wants their business shut down by right wing fascist rioters.

So, will China collapse its own economy over the senaku islands?

Who cares? Most of them work as slave labour anyway so they probably wouldn't even notice.
World Peace

Los Angeles, CA

#6 Oct 6, 2012
It is the millions of people from both sides whose life will be effected due to this tiny outcropping . The toll on vast number of people are too high just for this tiny outcropping/ island that is hardly visible on the map. Leaders of countries should set the peace , happiness, and prosperity of their people as a priority.
2 Cents

Taipei, Taiwan

#7 Oct 6, 2012
World Peace wrote:
It is the millions of people from both sides whose life will be effected due to this tiny outcropping . The toll on vast number of people are too high just for this tiny outcropping/ island that is hardly visible on the map. Leaders of countries should set the peace , happiness, and prosperity of their people as a priority.
You are right but how does peace between China and Japan and their economic success benefit the U.S. if it means our relative decline with respect to them? Will we still get preferential service from w-hores? Just go to any gogo bar in the Philippines and you'll know what I mean. You will get way better service once the w-hores know you're American. Will the Japanese s-luts in Roppongi still be eager to spread their legs for us? It is much better for us if the orientals kill and weaken each other.
lct

Beijing, China

#8 Oct 6, 2012
Last year, China's export was 56% to developing countries.(EU, USA, Japan excluded)

This year, could be 65-70% of it.

next year, 80%- 90 %.

So who cares what happens to USA?
lct

Beijing, China

#9 Oct 6, 2012
as I said before, as long as Japan is still alive, there is noway that USA can get any financial relief from China.

Only a retarded person will believe that USA can re-engineer industrial growth under more than $16 trillion national debt in today's competetive world.
lct

Beijing, China

#10 Oct 6, 2012
and only a retarded person will believe that an nation like Japan can survive without hurting when its national debts reached nearly 230% of its GDP and their currency is still rising.

China is the only reason that Japan, under surge from USA and EU, still alive after all this years.

But now, they did themselves for their distruction.
RESISTANCE IS FUTILE

Richmond, Canada

#11 Oct 6, 2012
lots of big talking broke a$$$ bigmouths these days..

.
.

China, India consumer spending to triple by 2020 - study

LONDON | Tue Oct 2, 2012 5:01am BST

(Reuters)- Consumer spending in emerging market powerhouses China and India is expected to triple by 2020 to a combined $10 trillion a year, potentially helping to boost economic growth and corporate profits in the developed world, researchers said on Tuesday.

The study by Boston Consulting Group (BCG) is based on a survey of 24,000 consumers as well as interviews with business leaders. The business strategy consultancy predicts consumers in China and India will spend a combined total of $64 trillion on goods and services in the decade leading up to 2020.

Annual spending on consumer goods will be three times the level spent in 2010, according to "The $10 Trillion Prize: Captivating the Newly Affluent in China and India".

"We are at a turning point in history where relative wealth will shift from the West to China and India

http://uk.reuters.com/article/2012/10/02/uk-e...
I can read

Edinburgh, UK

#12 Oct 6, 2012
RESISTANCE IS FUTILE wrote:
lots of big talking broke a$$$ bigmouths these days..
.
.
China, India consumer spending to triple by 2020 - study
LONDON | Tue Oct 2, 2012 5:01am BST
(Reuters)- Consumer spending in emerging market powerhouses China and India is expected to triple by 2020 to a combined $10 trillion a year, potentially helping to boost economic growth and corporate profits in the developed world, researchers said on Tuesday.
The study by Boston Consulting Group (BCG) is based on a survey of 24,000 consumers as well as interviews with business leaders. The business strategy consultancy predicts consumers in China and India will spend a combined total of $64 trillion on goods and services in the decade leading up to 2020.
Annual spending on consumer goods will be three times the level spent in 2010, according to "The $10 Trillion Prize: Captivating the Newly Affluent in China and India".
"We are at a turning point in history where relative wealth will shift from the West to China and India
http://uk.reuters.com/article/2012/10/02/uk-e...
So even if you manage to keep the cost of living the same (you won't) and even if our economy doesn't grow in the slightest (it will), you'll still be considerably worse off than us by 2020?

Incidentally, to triple your spending in 7.3 years you'll need a sustained 10% per year wage increase on average.

Anyone getting less than 10% extra every single year is doing below average.

So, what do you think the chances are of this being true?

Remember, say it isn't true and you lose face for China. Say it is true and you commit China to an AVERAGE of 10% increased income every single year or you'll lose face for China.
I can read

Edinburgh, UK

#13 Oct 6, 2012
lct wrote:
Last year, China's export was 56% to developing countries.(EU, USA, Japan excluded)
This year, could be 65-70% of it.
next year, 80%- 90 %.
So who cares what happens to USA?
So you think you'll be really successful selling things to countries who have an even cheaper labour force than you and very little spending power?

That means you're going to be selling mainly nessescities like food and clothing.

Remind me, how's your food production going these days? I was under the impression that you're barely able to feed your own people, never mind feeding Africa at the same time.
I can read

Edinburgh, UK

#14 Oct 6, 2012
lct wrote:
as I said before, as long as Japan is still alive, there is noway that USA can get any financial relief from China.
Only a retarded person will believe that USA can re-engineer industrial growth under more than $16 trillion national debt in today's competetive world.
Only a retarded person fails to realise that industrial economies are the poor ones.

That's why China gets all the pollution from Chinese industry and we get all the products.
lct

Beijing, China

#15 Oct 6, 2012
I can read wrote:
<quoted text>
So you think you'll be really successful selling things to countries who have an even cheaper labour force than you and very little spending power?
That means you're going to be selling mainly nessescities like food and clothing.
Remind me, how's your food production going these days? I was under the impression that you're barely able to feed your own people, never mind feeding Africa at the same time.
don't use your mintality to measure us.

we don't have to sell things.

we will develop them. and built up them.:)

our food production today is more than 95% of our need. unlike Japan.

It will be more percentage if we turns to more on techs and deserts in China.:)
I can read

Edinburgh, UK

#16 Oct 6, 2012
lct wrote:
<quoted text>
don't use your mintality to measure us.
we don't have to sell things.
we will develop them. and built up them.:)
our food production today is more than 95% of our need. unlike Japan.
It will be more percentage if we turns to more on techs and deserts in China.:)
So you're going to make China an economic powerhouse by developing and building things but not actually selling them.

Let me think if I can possibly find a flaw in that economic plan.

Hmmmmm..........
World Peace

Los Angeles, CA

#17 Oct 6, 2012
Ict and Chinese Brothers and sisters, please work toward marinating peace for your people and neighboring countries. Why would anyone create hardship and calamities for fellow humans.
RayH

Guangzhou, China

#18 Oct 6, 2012
I can read wrote:
<quoted text>
They're still on course to make over a billion dollars just in profit.
Meanwhile, China has shown itself to be deeply racist and dangerously nationalistic.
The country is in deep trouble if it can't maintain 8% growth and now outside investors have become much more wary of investing in the PRC. Nobody wants their business shut down by right wing fascist rioters.
So, will China collapse its own economy over the senaku islands?
Who cares? Most of them work as slave labour anyway so they probably wouldn't even notice.
China becomes the world's No. 1 importer in 2014 and largest economy in 2018. Only the stupid leaves the China market. Even Google is trying to crawl its way back to China's 0.5 Billion internet users.
lct

Beijing, China

#19 Oct 6, 2012
I can read wrote:
<quoted text>
So you're going to make China an economic powerhouse by developing and building things but not actually selling them.
Let me think if I can possibly find a flaw in that economic plan.
Hmmmmm..........
why not? if we have an system who can write off all their debt?:)

BTW, the 5% our food needed import will easily import from developing countries.

the problem of this world is not about production.

It is about distribution.

and it is about education but not in western sense.:)
RayH

Guangzhou, China

#20 Oct 6, 2012
lct wrote:
and only a retarded person will believe that an nation like Japan can survive without hurting when its national debts reached nearly 230% of its GDP and their currency is still rising.
China is the only reason that Japan, under surge from USA and EU, still alive after all this years.
But now, they did themselves for their distruction.
If you look at this year's list of countries with US$ Billionaires, the Japs have dropped off the top 10, while China's No. 2, behind only U.S..
RayH

Guangzhou, China

#21 Oct 6, 2012
I can read wrote:
<quoted text>
They're still on course to make over a billion dollars just in profit.
Meanwhile, China has shown itself to be deeply racist and dangerously nationalistic.
The country is in deep trouble if it can't maintain 8% growth and now outside investors have become much more wary of investing in the PRC. Nobody wants their business shut down by right wing fascist rioters.
So, will China collapse its own economy over the senaku islands?
Who cares? Most of them work as slave labour anyway so they probably wouldn't even notice.
If you hear Sharp electronics going out of business in the next year or so, it's due to this Chinese consumer boycott.

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