April New Auto Sales in Japan Down 10.2 Percent, 22nd Straight Month of Decline
May 2, 2007
By Ken Worsley
It’s that time of the month again: The Japan Automobile Dealers Association has announced its report on April 2007 new automobile sales in Japan, and the results demonstrate the continuing of a strong downward trend.
You might remember those opening words from last month; this report is getting frighteningly predictable to write about each month.
In April, 217,911 new cars, trucks and buses were sold in Japan. This figure is down 10.2% from the 242,596 units that were moved in April of 2006 and represents the 22nd straight month of a year-on-year decline in sales for the auto industry. When separated by brand, we see that Mazda’s sales tumbled 13% in April, Toyota’s declined 12%, and Nissan was down 11%.
Honda was the only domestic automaker posting a gain in sales, moving 29,759 vehicles for 3.8% increase over April 2006.
In recent months, brisk sales of minicars have been blamed for the fall in sales of full-size and compact cars. Those critics can start eating their words: Sales of minicars in April were at 139,779 units, down 6.4% and showing their first decline in 16 months.
The breakdown for monthly sales stats:
- Cars: Down 8.6% year-on-year to 183,837
- Trucks: Down 17.9% year-on-year to 32,866
- Buses: Down 8.3% year-on-year to 1,208
By the way, last week Reuters published a confusingly laid-out but helpful “TABLE-Japan auto makers’ earnings preview”
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