Meanwhile, more than 20 Mazda dealers have stopped selling the Japanese cars, and some are on the brink of collapse, the China Times report said.
Sales of Japanese brands in China suffered greatly from escalation in a dispute, starting from September, between China and Japan over the Diaoyu Islands in the East China Sea.
Toyota said Monday its China sales in 2012 fell 4.9 percent to 840,000 vehicles. Nissan said China sales in 2012 fell 5.3 percent to 1.18 million units. Honda's sales in China declined 3.1 percent in 2012 to 598,576 vehicles.
Their sales recovered somewhat in November, owing to the carmakers' efforts to compensate the customers whose cars were smashed during anti-Japanese protests across the country and expedite introduction of new models, as well as their high-profile campaigns during the Guangzhou Auto Show, CADA said.
However, the fragile Japanese brands in China may suffer a fatal blow if the new Japanese government provokes further agitation over the island issue, it said.
Expanding expenditure
Three leading car dealership companies in China - Tangshan-based Pang Da Automobile Trade Co, Wuhu Yaxia Automobile Corp and State-owned Zhejiang Yuantong Mechanical & Electrical Equipment (Group) Co - saw their inventories rise by 26.84 and 17 percent respectively from January to September in 2012, according to the companies' financial statements.
Feedback
RSS
