ID :
154843
Sun, 12/26/2010 - 15:34
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Shortlink :
https://www.oananews.org//node/154843
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Japan`s new vehicle sales could mark biggest drop in December
TOKYO, Dec. 25 Kyodo -
Sales of cars, trucks and buses in Japan continued to remain weak in December
with data as of Wednesday showing a 26.4 percent fall in the wake of the
September termination of a government subsidy program, sources familiar with
the matter said Saturday.
With only three more days left for new-car registrations in December after
Thursday, it is feared the reporting period will mark the third consecutive
month with the sharpest year-on-year decline since October.
According to the Japan Automobile Dealers Association, the biggest fall in new
vehicle sales was marked in 1971 when they dropped 26.2 percent.
After the government ended its program to provide subsidies for the purchase of
environmentally friendly cars in early September, sales tumbled 26.7 percent in
October and fell 30.7 percent in November. Both drops were the sharpest for the
months.
After the end of the subsidy program, automakers have been drawing attention to
some tax benefits still offered for environmentally friendly models until
spring 2012 but their efforts have apparently not led to improved sales that
have remained weak in December, the bonus payment season for many salaried
workers.
In contrast, minivehicles, which are not covered by regular new car sales data,
suffered a smaller drop in December. As of Tuesday, minivehicle sales were down
around 8 percent, the sources said.
If minivehicles are added, December new vehicle sales will come to around
190,000 units, down 21 percent, the sources said.
Cumulative sales from January through November stood at around 4.67 million
units in Japan, a figure suggesting that Japan's annual vehicle sales may well
likely fall below the 5 million mark for the second year in a row.
By manufacturer in December, Toyota Motor Corp., the biggest Japanese
automaker, suffered a decline in sales of around 31 percent, while Honda Motor
Co. and Nissan Motor Co., the second and the third largest, marked smaller
drops of around 28 percent, the sources said.
Suzuki Motor Corp., Mazda Motor Corp., Mitsubishi Motors Corp. and Fuji Heavy
Industries Ltd. recorded falls of between 16 and 23 percent, according to the
sources. Daihatsu Motor Co., which relies primarily on minivehicles, registered
a sales increase, they said.
==Kyodo
Sales of cars, trucks and buses in Japan continued to remain weak in December
with data as of Wednesday showing a 26.4 percent fall in the wake of the
September termination of a government subsidy program, sources familiar with
the matter said Saturday.
With only three more days left for new-car registrations in December after
Thursday, it is feared the reporting period will mark the third consecutive
month with the sharpest year-on-year decline since October.
According to the Japan Automobile Dealers Association, the biggest fall in new
vehicle sales was marked in 1971 when they dropped 26.2 percent.
After the government ended its program to provide subsidies for the purchase of
environmentally friendly cars in early September, sales tumbled 26.7 percent in
October and fell 30.7 percent in November. Both drops were the sharpest for the
months.
After the end of the subsidy program, automakers have been drawing attention to
some tax benefits still offered for environmentally friendly models until
spring 2012 but their efforts have apparently not led to improved sales that
have remained weak in December, the bonus payment season for many salaried
workers.
In contrast, minivehicles, which are not covered by regular new car sales data,
suffered a smaller drop in December. As of Tuesday, minivehicle sales were down
around 8 percent, the sources said.
If minivehicles are added, December new vehicle sales will come to around
190,000 units, down 21 percent, the sources said.
Cumulative sales from January through November stood at around 4.67 million
units in Japan, a figure suggesting that Japan's annual vehicle sales may well
likely fall below the 5 million mark for the second year in a row.
By manufacturer in December, Toyota Motor Corp., the biggest Japanese
automaker, suffered a decline in sales of around 31 percent, while Honda Motor
Co. and Nissan Motor Co., the second and the third largest, marked smaller
drops of around 28 percent, the sources said.
Suzuki Motor Corp., Mazda Motor Corp., Mitsubishi Motors Corp. and Fuji Heavy
Industries Ltd. recorded falls of between 16 and 23 percent, according to the
sources. Daihatsu Motor Co., which relies primarily on minivehicles, registered
a sales increase, they said.
==Kyodo
