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Japan auto sales decline for 18th straight month to a 29 year low

January 5, 2007
By Ken Worsley


Compiled from reports by Forbes and Bloomberg:

The Japan Automobile Dealers Association announced today that domestic sales of new cars, trucks and buses, excluding minivehicles, fell for the 18th consecutive month, dropping to a 29 year low. Higher fuel prices and a lack of new, exciting models were given as reasons for the continued slide in sales.

Interestingly enough, the JADA also blamed the sustained decline in new automobile sales on “increased use of cellular phones, which account for the bulk of fixed costs at households.”

In December, sales of new vehicles dropped 7.2 percent year-on-year to 254,205 units.

For all of 2006, new vehicle sales fell 5.4 percent to 3,716,000 million vehicles, marking the third straight year of decline.

On the other hand, the Japan Minivehicle Association reported that last month, domestic sales of minivehicles rose 14.5 percent from the previous year to 153,599 units, showing an increase for the 12th consecutive month.

The Forbes article contains sales data breakdown by individual makers.

Filed Under Automotive, Business, Consumer Spending 

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Comments

3 Responses to “Japan auto sales decline for 18th straight month to a 29 year low”

  1. John Sheridan on January 7th, 2007 6:24 am

    Wait…I keep hearing that Toyota will become the world’s #1 auto maker next year. That doesn’t jive with this data. What’s going on?

  2. Ken Worsley on January 9th, 2007 2:32 am

    Those are domestic (Japan) sales. Overseas sales are obviously different.

  3. Japan Domestic New Car Sales: 20 Straight Months Down : Japan Economy News & Blog on December 2nd, 2007 10:17 pm

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