Honda Motor Co. and Toyota Motor Corp. boosted sales in China last month, bucking an industrywide slowdown in the world’s biggest auto market.
The popularity of crossover models helped Honda boost sales in China by 50.4 percent to 73,099 units, while Toyota reported a 24 percent gain in July deliveries.
Japanese carmakers are leading industry gains this year, reaching a combined market share last seen before 2012 when political tensions sparked a backlash against the country’s products. Even so, Toyota on Tuesday joined Mazda Motor Corp. and PSA Peugeot Citroen in warning of stiffer price competition in China, as a surfeit of brands compete for buyers amid a slowing economy and volatile stock market.
Nissan Motor Co., which hasn’t reported its July sales figures for China, has increased deliveries there by 5.7 percent in the first six months of the year.