Retail sales of Toyota's joint venture in South China with Guangzhou Auto have already recovered to levels seen before the anti-Japan wave ,Feng Xingya, said a top executive with the company.
Sales of Japanese car makers' Chinese joint venture partners begin to rally after bottoming out in September and October amid demonstrations against Japan over territorial disputes, with their measures to win back share in the world's largest car market taking effect.
Retail sales of Toyota's joint venture in South China with Guangzhou Auto have already recovered to levels seen before the anti-Japan wave, Feng Xingya, a top executive with the company told Xinhua at last week's Guangzhou auto show.
The Xinhua News Agency also quoted an executive at Hongda's Chinese joint venture, also with Guangzhou Auto, as saying that there had been a noticeable increase in visitors to its showrooms in China since the first half of this month.
According to Dongfeng Nissan's deputy manager Mr Ren Yong, its dealers' businesses were running smoothly currently and its franchises were already on an ordinary track for operation.
Statistics show that there are about 3 million units of Japan branded passenger cars sold in China every year, with 90% of them made by Sino-Japan joint ventures.
Despite recent pick up in sales, it still takes times to determine if a genuine recovery is here in China, analysts say. A widespread recovery is projected at the next half of 2013 for Japanese branded vehicles, according to a top executive with FAW Mazda.
