Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japanese automakers posted significant growth in global production and sales in May compared to the prior year. Nissan, Honda, and Toyota reported between 45-130pc growth in production in May.


Global production by Nissan stood at 227,908 units in May, up 45pc from a year ago. Honda’s production rose 129pc to 285,856 units while Toyota produced 671,097 units, up 83pc from May 2020.


Nissan’s sales jumped aided by good demand in the US and Europe divisions. Sales in China fell by 14pc in May from the preceding year. Sales in the home country rose by 33.9pc to 29,796 units, while production was up by 16pc to 15,064 units in May.


Sales by Toyota rose 45pc, marking the ninth consecutive month of increase. Sales in Japan were affected by COVID-19 in May 2020, which lifted the sales growth in the current year, notes Toyota. Sales in China rose marginally by 1.5pc in May. Sales in North America rose 50pc driven by light trucks and sedan segments.


Honda reported a production jump of 129pc to 285,856 units in May from the prior-year month. Production in Japan in May rose by 50pc to 23,643 units from May 2020. Sales in the Japanese market zoomed to 38,494 units by 117pc from a year ago. 

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