|Volkswagen leads the way in sales of import cars in Japan.|
Meanwhile, Japan’s automobile trade surplus with the U.S. rose 20 percent in value terms to $36.6 billion. Including components, the amount approached $45 billion, reminiscent of the bloated levels of the mid-1990s.
Complicating matters, Big 3 sales results continued to slide. Ford Motor Company, for instance, sold just 5,860 cars last year, including the Mondeo and Focus from Europe. Chrysler’s results were equally bleak as registrations dropped 21 percent to 6,796 units, while GM, GMC and Chevrolet, with combined sales of 7,700 units, fell nearly 30 percent compared to the previous year.
Against this backdrop, European carmakers outsold their American rivals by a factor of 5:1, this coming despite a strong euro. Once again, German makes led the pack with sales of 108,767 units, though Volkswagen, Mercedes and BMW, the “big three” of imports, all export cars from plants outside of Germany.
While German-made vehicles fell 10 percent (1 percent in value terms), imports from Belgium, Britain, France, Italy and South Africa all registered growth in both units and value. Following Germany was the U.S., Britain, South Africa and Sweden.
On the export side, Japan registered growth to all major regions and most major country markets.
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