Things are not looking too good for Suzuki. With the COVID-19 pandemic essentially halting/suspending production, as well as affecting global vehicle sales, Suzuki's FY 2019-20 numbers aren't very positive.
Starting with global vehicle production, Suzuki was only able to produce 2,966,399 vehicles in FY 2019-20. While this figure may look impressive, it pales in comparison to last year's global figures which stands at 3,393,976. This represents a difference of 427,577 more units built during last year's fiscal year. In addition, this is the first time that global production for Suzuki is down for the first time in four years.
Also taking a beating is the company's vehicle sales. For FY 2018-19, Suzuki sold a total of 3,327,174 units which actually resulted in the company increasing its sales for the first time in three years. For FY 2019-20 however, sales dipped to 2,851,564 units which saw their sales figure going down for the first time in four years.
The initial global production of vehicles for the first three months of 2020 is also down. From January to March of this year, the company only made a total of 517,744 vehicles, a big difference when compared to last year's performance which saw them make 855,380 units in the same period. In March 2020 alone, Suzuki was just able to produce 213,159 examples. In the same period last year, the company was able to make over 62,800 more units at 276,037 vehicles built.
Not everything is bad, however, as export figures are actually on the rise compared to last year's performance. From January to March 2020, the company's factory in Japan exported 49,761 units, 3,319 more than last year's figures. Suzuki was even able to export more vehicles in the month of March 2020 with 17,437 units, eclipsing March 2019's 14,172 units.
The company did not exactly say as to why exports are better this time around. Our best guess is that the tiny Jimny 4x4 was able to attract more buyers, thus increasing Suzuki's vehicle export figures.
Hopefully the downward trend being experienced by Suzuki will experience an uptick as soon as the COVID-19 pandemic has been dealt with and the economy rebounds. But until then, Suzuki may have to adjust its target production and sales figures for FY 2020-21.