Key Facts
• In May, global production of eight automakers fell 3.5% year-on-year to 1,971,394 units.
• Nissan’s production dropped 16.5%, marking 12 consecutive months of decline.
• Toyota’s global production decreased 0.7% due to fewer operating days in Japan and Europe.
• Honda’s production fell for the 10th consecutive month due to intensified price competition in Asia.
• Mazda’s production declined for the fourth month, impacted by reduced SUV CX-90 output in Japan.
• Suzuki’s production dropped for the fourth month, with reduced Swift and Jimny production in Japan.
• Daihatsu’s domestic production surged 64.6% due to recovery from certification issues.
• Subaru and Mitsubishi Motors reported production growth both domestically and internationally.
• Mitsubishi’s Indonesian production of the 2026 Exforce SUV contributed to its growth.
• Thailand’s production decline for Mitsubishi narrowed, supported by Triton pickup truck output.
Summary
In May, global production for eight major automakers declined 3.5% year-on-year, totaling 1,971,394 units. Nissan experienced the steepest drop at 16.5%, driven by reduced production of the Leaf EV and Juke SUV. Toyota’s production remained nearly flat, while Honda and Mazda faced continued declines due to market challenges and reduced SUV output. Suzuki’s production also fell, though its performance in India reached a record high for May. Conversely, Daihatsu saw a significant domestic production rebound, and both Subaru and Mitsubishi Motors achieved growth. Mitsubishi’s success was bolstered by its new Exforce SUV in Indonesia and improved performance in Thailand. Despite some positive trends, the overall industry faced challenges from reduced operating days, production halts, and market uncertainties.
