— Japan Sep New Vehicle Sales +1.7% Y/Y Vs Aug -25.5%
— Japan Sep New Mini-Vehicle Sales -9.1% Y/Y Vs Aug -15.6%
TOKYO (MNI) – New vehicle sales in Japan posed the first
year-on-year rise in 13 months in September, thanks to a sharp drop in
demand the year before which was caused by the end to the government’s
reward program for buying low-emission vehicles, data released by the
Japan Automobile Dealers Association on Monday showed.
New vehicle sales rose 1.7% last month from a year earlier to
313,790 units.
The upturn in sales was also supported by the recovery in supply
chains that were battered by the March earthquake disaster.
The September reading followed declines of 25.5% in August, 27.6%
in July, 23.3% in June, 37.8% in May and 51.0% in April, which was the
record fall.
The association began compiling automobile sales data in
comparative form in January 1969.
Combined domestic auto production at eight Japanese carmakers rose
1.8% to 670,837 in August from a year earlier, the first year-on-year
rise in 11 months, the latest industry data have shown.
Separately, the Japan Mini Vehicle Association reported that
domestic sales of new small vehicles (with engine displacement of less
than 660 cc) fell by 9.1% y/y to 148,402 in September, marking a 12th
straight drop after a 15.6% decline in August.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
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