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Nissan reported that global production has slumped by around 54 per cent, while Honda revealed a 33.5 per cent drop and Toyota, the world's largest carmaker, announced a drop in production of 39.1 per cent.
In 2008, sales of new cars in Japan fell to their lowest level for 34 years, with 3.21 million vehicles being sold, down from a 1990 peak of almost six million.
Honda, which is the second-largest car company in Japan, saw key exports to the US fall by 62 per cent last month when compared with the previous year.
Meanwhile, Nissan's exports dropped by 31 per cent.
In Forex trading, the yen fell to a three-month low against the dollar.
Takahide Nagasaki, chief Forex strategist at Daiwa Securities SMBC, said in a trading note: "It is possible that the dollar will temporarily rise to near 100 yen."
