— Japan Oct New Vehicle Sales -9.0% Y/Y Vs Sep -8.1%
— Japan Oct New Vehicle Sales Post 2nd Straight Decline
— Japan Oct New Mini-Vehicle Sales +0.5% Y/Y Vs Sep +6.6%
— Japan Oct New Mini-Vehicle Sales Post 13th Straight Y/Y Rise
TOKYO (MNI) – New vehicle sales in Japan fell for a second straight month
in October as the effects of government stimulus measures waned, data released
by the Japan Automobile Dealers Association on Thursday showed.
New vehicle sales declined by 9.0% year-on-year to 225,543 units in
October, and followed a 8.1% fall in September, the latter being the first y/y
fall in new vehicle sales in 13 months.
In December last year, the government revived subsidies for buying
low-emission vehicles, a program that had initially ended in September 2010 and
caused a year-long stagnation in domestic vehicle sales. But the latest round of
subsidies was also terminated in September this year.
Separately, the Japan Mini Vehicle Association reported that domestic sales
of new small vehicles (with engine displacement of less than 660 cc) rose 0.5%
y/y to 133,790 in October, the 13th straight year-on-year rise, following a 6.6%
rise in September.
–email: yseki@mni-news.com
[TOPICS: MAJDS$,M$J$$$]
