Japan automakers post 21% slump


The country’s seven major automakers, including Toyota Motor Corp and Nissan Motor Co Ltd, sold a combined 1.88 million vehicles last month, down from 2.39 million units a year earlier.

TOKYO: Global sales of Japanese automakers slumped 21.3% on-year in June, the fourth straight month of double-digit losses, as most automotive factories and dealerships remained closed during the lockdown, data from the companies showed on Thursday.

The country’s seven major automakers, including Toyota Motor Corp and Nissan Motor Co Ltd, sold a combined 1.88 million vehicles last month, down from 2.39 million units a year earlier, according to Reuters calculations based on sales data released by the companies. — Reuters

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