Major 8 automakers' July overseas sales down 2.8% as China slump persists

Earnings
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Summary · why it matters

The eight major automakers reported on the 28th that their combined overseas sales in July totaled 1.635 million units, down 2.8% from the same month last year, as shrinking demand for gasoline vehicles in China took a toll. Domestic sales were strong thanks to new models, but global sales overall fell 1.0% to 2.021 million units. Toyota Motor's overseas sales dropped 7.6% to 706,028 units, with a decline of more than 20% in China. Nissan Motor also saw a 19.5% decrease due to weak China sales, while Mazda and Mitsubishi Motors also posted declines. On the other hand, Suzuki benefited from the launch of new models in India, with overseas sales surging 32.9% to 262,906 units, a record high for a single month.

Impact on stocks 6

Electrification & Mobility± Mixed · 5 stocks
Toyota Motor Corp.
7203
▼ NegativeDemandrelevance

Toyota's overseas sales dropped 7.6%, with a decline of more than 20% in China.

Suzuki Motor Corp.
7269
▲ PositiveDemandrelevance

Suzuki's overseas sales surged 32.9% to a record high on new models in India.

Semiconductors▲ · 1 stocks
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