Structural Transformation and Uncertainty in the Automotive Industry
First written in FY2018. 9 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 7 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Continued decline in new-vehicle sales and modest growth in used-vehicle salesAnnual report
「New vehicle registrations, including kei cars, totaled approximately 3.78 million units, down 2.2% year on year, excluding passenger vehicles only and excluding trucks, buses and other vehicles. Used vehicle registrations, including kei cars, totaled approximately 5.46 million units, up 0.4% year on year, on the same basis.」
The decline in the new-vehicle market coincided with a modest increase in the used-vehicle market, indicating that trends in the automotive industry are not uniform. - 2026-05-13OtherInvestor presentation
「New vehicle registrations, including kei cars, totaled approximately 3.78 million units, down 2.2% year on year. Used vehicle registrations, including kei cars, totaled approximately 5.46 million units, up 0.4% year on year.」
The new and used vehicle markets showed different trends, indicating divergence in the automotive market. - FY2026-H1MitigatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 1.81 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 0.6% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.65 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 1.5% year on year (Source: Japan Automobile Dealers Association, National Federation of Light Commercial Vehicle Associations).」
Both new- and used-vehicle registrations increased year on year, temporarily improving the structural divergence of declining new-vehicle registrations and rising used-vehicle registrations that had continued through the previous period. - FY2025-H1Continued decline in new vehicles and increase in used vehiclesAnnual report
「New-vehicle registrations, including kei vehicles, totaled 1.80 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 2.7% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.64 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 2.2% year on year.」
New-vehicle registrations declined while used-vehicle registrations increased in the automotive industry, with divergent trends within the industry continuing. - FY2024-Q3MitigatedAnnual report
「New-vehicle registrations, including mini vehicles, totaled 2.83 million units (passenger vehicles only, excluding trucks, buses and other vehicles), an increase of 15.4% year on year. Used-vehicle registrations, including mini vehicles, totaled 3.90 million units (passenger vehicles only, excluding trucks, buses and other vehicles), an increase of 3.8% year on year.」
The document states that both new- and used-vehicle registrations increased year on year and that automotive market indicators are improving. However, concerns over the outlook for global conditions and the Chinese economy remain. - FY2024-Q2MitigatedAnnual report
「New-vehicle registrations, including mini vehicles, totaled 1.85 million units (passenger vehicles only, excluding trucks, buses and other vehicles), an increase of 18.3% year on year. Used-vehicle registrations, including mini vehicles, totaled 2.58 million units (passenger vehicles only, excluding trucks, buses and other vehicles), an increase of 2.4% year on year.」
The document states that both new- and used-vehicle registrations increased year on year and that automotive market indicators improved. However, uncertainty over global conditions and the Chinese economy remains. - FY2024-Q1RestatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 890,000 units (passenger vehicles only, excluding trucks, buses and other vehicles), up 23.4% year on year. Used-vehicle registrations, including kei vehicles, totaled 1.30 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 1.7% year on year.」
Although automotive market indicators improved, uncertainty over the outlook for the economy, financial markets and other factors remains, and the company continues to monitor structural changes. - FY2023New vehicles up; used vehicles down continuesAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled approximately 3.70 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 6.8% year on year. Used-vehicle registrations, including kei vehicles, totaled approximately 5.26 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 3.1% year on year.」
While the new-vehicle market recovered, used-vehicle registrations declined, indicating that structural imbalances and uncertainty over the outlook for the automotive industry persist. - FY2023-Q3New vehicles up; used vehicles downAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations totaled approximately 2.58 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), up 4.1% year on year. Used-vehicle registrations totaled approximately 3.76 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), down 4.2% year on year.」
New-vehicle registrations increased while used-vehicle registrations declined, indicating that challenging market conditions and structural imbalances continue in the automotive industry. - FY2023-Q2Challenging market conditions continue, with the decline narrowing in some areasAnnual report
「New-vehicle registrations, including kei vehicles, totaled 1.57 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 6.3% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.52 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 6.0% year on year.」
New- and used-vehicle registrations both declined in the automotive industry, indicating that challenging conditions continue. Although the declines narrowed in some areas from the previous quarter, weak demand and uncertainty over the outlook persist. - FY2023-Q1WorsenedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 720,000 units (passenger vehicles only, excluding trucks, buses and other vehicles), down 14.4% year on year. Used-vehicle registrations, including kei vehicles, totaled 1.28 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 6.6% year on year.」
Both new- and used-vehicle registrations declined, with the downturn in demand and uncertainty over the outlook for the automotive industry reflected in the figures. - FY2022-Q3WorsenedAnnual report
「In the automotive industry to which the Group belongs, new-vehicle registrations totaled approximately 2.47 million units (including kei cars, passenger vehicles only, excluding trucks and buses), down 6.8% year on year. Used-vehicle registrations totaled approximately 3.92 million units (under the same conditions as above), down 4.8% year on year (Sources: Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association).」
Both new- and used-vehicle registrations declined year on year, with the automotive industry's weak demand and uncertain outlook shown in more specific figures than in the previous quarter. - FY2022-Q2RestatedAnnual report
「In the automotive industry in which the Group operates, used-vehicle registrations totaled 2.69 million units (including kei vehicles, passenger vehicles only, excluding trucks, buses and other vehicles), down 0.9% year on year. New-vehicle sales totaled 1.68 million units, down 0.4% year on year.」
Sales and registration volumes for both used and new vehicles fell below the prior-year period, and the company continues to describe the difficult environment and uncertain outlook for the automotive industry. - FY2021RestatedAnnual report
「New-vehicle registrations, including kei vehicles, totaled 3.85 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 7.5% from the previous period. Used-vehicle registrations, including kei vehicles, totaled 5.77 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 0.8% year on year.」
The company points to declines in new- and used-vehicle registrations and continues to describe the difficult environment and uncertain outlook for the automotive industry. - FY2021-Q3RestatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations totaled approximately 2.66 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), down 12.0% year on year. Used-vehicle registrations totaled approximately 4.13 million units (on the same basis as above), down 1.9% year on year.」
The company continues to describe the difficult environment and uncertain outlook for the automotive industry, with registrations of both new and used vehicles declining year on year. - FY2021-Q2WorsenedAnnual report
「In the automotive industry in which the Group operates, used-vehicle registrations totaled 2.71 million units (including kei vehicles, passenger vehicles only, excluding trucks, buses and other vehicles), down 4.9% year on year. New-vehicle sales totaled 1.66 million units, down 22.9% year on year (Source: Japan Automobile Dealers Association, National Federation of Light Commercial Vehicle Associations).」
The company states that sales and registration volumes for both new and used vehicles fell year on year, deepening the automotive industry's structural demand weakness and uncertainty about the outlook amid COVID-19. - FY2021-Q1WorsenedAnnual report
「The industry environment surrounding the company remained difficult.」
The company states that sales and registration volumes for both new and used vehicles fell significantly amid the spread of COVID-19, further intensifying the difficult environment in the automotive industry. - FY2020-Q1RestatedAnnual report
「In the automotive industry to which the Group belongs, used-vehicle registrations, including kei cars, totaled 1.4 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 0.7% year on year.」
The company states that used-vehicle registrations increased modestly while continuing to recognize uncertainty in the external environment surrounding the automotive industry. - FY2019RestatedAnnual report
「The environment surrounding the automotive industry remains unpredictable ahead of the consumption tax increase and other developments.」
The company continues to recognize the uncertain outlook and difficult business environment for the automotive industry. - FY2019-Q3RestatedAnnual report
「In the automotive industry to which the Group belongs, domestic new-vehicle sales, including kei cars, increased 0.4% year on year, while used-vehicle sales increased 0.7%, representing modest growth. In auto auctions, the number of vehicles offered fell 3.4% year on year, the number of vehicles sold fell 5.3%, and the average transaction price fell 2.0%, while the transaction rate rose 1.2% year on year (Source: USS Co., Ltd. auction data).」
In the automotive industry, the new- and used-vehicle markets grew modestly, while auto-auction trading indicators declined, and the company continues to describe uncertainty in industry conditions. - FY2019-Q2RestatedAnnual report
「Sales volumes and other indicators remain under pressure due to longer vehicle replacement cycles, the declining birthrate, and younger people moving away from cars. Domestic automobile demand remains chronically weak, and difficult business conditions continue.」
The company reaffirms weak automobile demand and difficult business conditions due to longer vehicle replacement cycles, the declining birthrate, and younger people moving away from cars. - FY2019-Q1RestatedAnnual report
「New-vehicle sales volumes remain sluggish due to population decline, younger people moving away from cars, and other factors」
The company specifically identifies sluggish automobile demand against the backdrop of population decline and younger people moving away from cars as a factor affecting industry conditions. - FY2018First statedAnnual report
「The environment surrounding the automotive industry is expected to undergo what has been called a once-in-a-century period of transformation, and uncertainty about the outlook remains.」
The company newly states that the automotive industry is undergoing a period of major transformation and that the outlook for domestic used-car sales is uncertain.