TOKYO (MNI) – New vehicle sales in Japan rose 20.6% from a year
earlier to 293,537 units in June, posting the 11th straight month of
year-on-year gains, backed by tax breaks for buying low emission
automobiles, data released by the Japan Automobile Dealers Association
showed on Thursday.
The pace of increase continued to slow from +28.0% y/y in May and
+33.5% in April. In August 2009, domestic new vehicle sales rose 2.3%,
posting their first y/y rise in 13 months.
In June passenger car sales rose 21.0% from a year earlier to
265,925 units (vs. +29.9% y/y in the previous month).
Truck sales rose 17.7% to 26,701 units, posting the fifth straight
y/y rise after rising 12.3% in May, while sales of buses rose 11.9% to
911 units, marking the second y/y rise in a row.
Separately, the Japan Mini Vehicle Association reported that
domestic sales of new mini vehicles (with engine displacement of less
than 660 cc) rose by 11.8% in June from a year earlier (vs. +12.4% in
the previous month) to 155,294, posting the sixth consecutive month.
In January 2010, mini vehicle sales showed the first y/y rise in 15
months, up 0.7%.
tokyo@marketnews.com
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