Japanese Auto Exports Tumble
Apr. 27, 1999
TOKYO (AP) _ Japanese vehicle exports fell 3.3 percent in the last fiscal year for the first decline in three years, as a big decline in sales in economically troubled Asia more than offset rises in exports to the United States and Europe.
Overall exports of Japanese cars, trucks and buses totaled 4.52 million in the fiscal year that ended March 31, down from 4.67 million in the previous year, the Japan Automobile Manufacturers Association said Tuesday.
For March alone, vehicle exports declined 1.9 percent from the same month the previous year to 394,719, the association said.
Japanese auto exports to the U.S. rose 4.9 percent to nearly 1.36 million units and climbed 8.9 percent to 1.17 million to the European Union.
But shipments to Asia plummeted 53.3 percent to 248,880 units.
All of Japan's leading automakers posted declines in overseas shipments in fiscal 1998.
Exports at Toyota Motor Corp., Japan's largest car manufacturer, fell 5.8 percent to 1,449,165 vehicles. Nissan Motor Co. exports fell 0.1 percent to 710,845, while those at Honda Motor Co. dropped 4 percent to 535,604.
Mitsubishi Motors Corp. exports fell 8.1 percent to 511,349 units and Mazda Motor Corp. posted a decline of 1.7 percent to 546,618 vehicles.
Japanese passenger car shipments in fiscal 1998 dipped 0.4 percent to 3,705,228 units. Truck exports fell 11.6 percent to 70,678. Bus exports posted the sharpest fall, declining 31.4 percent to 3,254 units.