Japan's Vehicle Production Drops Further In September

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Japan's vehicle production dropped 21.6% in September from a year earlier to 830,140 units, the Japan Automobile Manufacturers Association said Thursday. This represents the 12th consecutive month of decline in production.

At the same time, motorcycle production slipped 61% on a yearly basis to 45,646 units, reflecting the 25th consecutive month of decline.

Domestic sales of automobiles stood at 477,818 vehicles, up 0.2% from last year. However, exports dropped 35.7% to 396,163 units. Moreover, factory shipments of motorcycles stood at 40,512 units, down 28.4% from last year. Exports of motorcycles dipped 65.5% to 30,406 units.

For the first half of the fiscal year 2009, automobile production fell 33.5%, while motorcycle production declined 47.7% during the same period.

(Market News Provided by RTTNews)