— Japan Nov New Vehicle Sales -3.3% Y/Y Vs Oct -9.0%
— Japan Nov New Vehicle Sales Post 3rd Straight Decline
— Japan Nov New Mini-Vehicle Sales +4.6% Y/Y Vs Oct +0.5%
— Japan Nov New Mini-Vehicle Sales Post 14th Straight Y/Y Rise
TOKYO (MNI) – New vehicle sales in Japan fell for a third straight month in
November in continued reaction to the termination of government stimulus
measures, data released by the Japan Automobile Dealers Association on Monday
showed.
New vehicle sales declined by 3.3% year-on-year to 243,974 units in
November, following declines of 9.0% in October and 8.1% in September.
New vehicle sales posted the first y/y fall in 13 months in September.
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 4.6%
y/y to 149,968 in November, the 14th straight year-on-year rise, following a
0.5% rise in October.
–MNI Tokyo Bureau; tel: +81 90-4752-7020; email: yseki@mni-news.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$]