Japanese Domestic Market (JDM)
Import motors, gearboxes, engines for these vehicles
You need only look around while you are on the road in order to see that Japanese model cars are still a big seller in Australia. The same cannot be said at home, though, as the Japanese Domestic Market (JDM) is in a pretty sad state of decline. Sales have declined steadily in the past three years, with the strong yen seeing production moved out of the country. Companies like Toyota are experiencing massive profits while seeing domestic sales and demand decline sharply.
In August alone, sales dropped 9.1%, and the fear is that the bleeding is not about to stop anytime soon. What that is likely to mean is that production will be scaled back considerably in light of the waning demand. All told, 333,471 vehicles were delivered in August, representing the lowest number in 3 years. Mitsubishi were the hardest hit, with sales declining by a rather troubling 37%. Toyota and Nissan also saw double digit declines, while Honda was able to secure an increase thanks to sales of its Fit compact car.
The big name automakers say they are committed to keeping production levels high, but that may change as it’s expected their impact on the global market is also in jeopardy. The fear is that the problems will continue for as long as the yen remains strong. The government is trying its best to help by raises taxes in an attempt to weaken the yen somewhat. That has helped allay the worst of the fears, but the JDM is by no means out of the water yet. There are definitely plenty of economists and industry insiders who believe that things will get a whole lot worse before they get better.
Making matters worse if the somewhat meteoric rise of the South Korean auto market, where Kia and Hyundai are experiencing massive global sales growth at a time when the auto industry as a whole is in a bit of a downward slump. They are looking to expand their global reach at a time when others are looking for ways to scale back. This could mean further problems for the Japanese auto industry, with some feeling that there may simply be no way to rebound from this current slump. Time, as always, will tell how things play out, but for now, look for Japanese imports to become a little scarcer as the automakers think about cutting back on production.
If you already own a Japanese car, or any other type of import for that matter, you don’t have to worry about the slowdown in production. All the parts that you need for your import car can be found at Gearbox Engine. Nor only do they have a vast array of small parts on hand, they also have complete engines for just about any import model you care to mention. They will even deliver right to your front door anywhere in Australia. You might not be able to get the brand new Japanese car that you wanted, but you can most certainly get all the parts you need to keep your current model running perfectly.