Latest Automotive News

Subscribe in a reader





Japan's domestic sales of new vehicles fall to 35 year low in 2007

Email   small font medium font large font

Google
 
Web AutoNews24h.com

Japan's domestic auto sales fell to a 35-year low last year as the nation faced high gasoline prices, limited income growth and shrinking demand, an industry group said Monday.

Sales of new cars, trucks and buses declined 7.6 percent to 3.434 million vehicles in 2007, the Japan Automobile Dealers' Association said in a statement. The figures do not include sales of minicars and minitrucks.

The result, which marked the fourth straight annual decline, was the lowest since 1972, when sales totalled 3.406 million vehicles.

The data showed that the world's third-biggest auto market is slow to respond to efforts by some Japanese car makers to spark local demand by boosting their offerings of new models. Japan's largest automaker, Toyota Motor Corp., has introduced nine models since last May but estimates a 6-percent drop in its domestic sales in 2007.

The nation's new vehicles sales in December alone fell 7.1 percent from a year ago to 236,142 vehicles, down for the first time in three months, the association said. And the outlook for the domestic market remains gloomy.

Another industry group, Japan Automobile Manufacturers Association, has put its domestic sales forecast for this year at 3.427 million vehicles _ excluding minivehicles _ down 0.2 percent from sales for 2007.

Receive the latest automotive news by email!

Enter your email address:


Related news
Honda Motor Co. expects its global sales will rise six per cent this year to a record 3.76 million vehicles thanks to booming demand in the U.S., Europe and Asia, the automaker's president ...
BMW Group sales down 22 Percent as expected for the month. MINI brand Sales Up 20 Percent for January. US full year forecast confirmed. Woodcliff Lake, NJ - February 4, 2008... ...
Japan's troubled Mitsubishi Motors on Monday reported a narrower net loss of 16.1 billion yen (US$137 million) for fiscal first-half, compared to the same period last year, helped by favourable ...
BMW Group US sales (BMW and MINI combined) up 3.1 percent in May. MINI sales reached all-time sales record. The BMW Group in the U.S. (BMW and MINI ...
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for November 2009. Production: global total and Japan Total global production for November came in at 93,408 units, ...
Nissan Motor Co., Ltd. is proud that the NISSAN GT-R supercar has won the Most Advanced Technology Award, one of the highly coveted awards of Car of the Year Japan 2008-2009. NISSAN ...
Automaker Volkswagen AG said Thursday it is on track to sell more than one million cars in China this year, after it set a sales record in 2007. The Wolfsburg-based company, Europe's biggest ...
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for both for March 2008 and the 2007 fiscal year. March 2008 Production: total and in Japan Total global ...
FRANKFURT, Germany (AP) _ Automaker DaimlerChrysler AG said Monday sales at its Mercedes Car Group dipped three per cent last month from a year ago as it sold 97,800 Mercedes-Benz, ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!


Japan's domestic sales of new vehicles fall to 35 year low in 2007
> © 2006-2017 AutoNews24h.com except where otherwise noted