Domestic auto sales climb 3.9% in November, Mitsubishi posts big gains again
December 4, 2007
By Ken Worsley
In October, we saw the first rise in domestic auto sales in 28 months. In November, it happened again. According to data released yesterday by the Japan Automobile Dealers Association, 296,854 new cars, trucks and buses were sold in Japan in October.
Overall, 258,805 passenger cars were sold in October, an increase of 6.6% over last year. Truck sales were at 37,165, a 11.3% decrease from a year before. Bus sales stood at 884, a decrease of 19.3% from a year ago. Mitsubishi saw the largest gain in sales by percentage, posting a 17.5% increase. Mitsubishi led the pack last month as well, having posted a 17.2% increase in sales.
Sales of mini-cars are not included in the JADA figures.
Filed Under Automotive, Business, Economic Reports
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Of course we can’t give news of rising car sales in Japan without a heaping dose of qualifiers. Sales-per-day actually fell, they benefited from an extra day.
Also, the 37% of the car market that is unreported from Jada — minivehicles — fell 7.5% even with the extra day.
Sales aren’t plummeting as badly as in Jun-July, but I’m not sure things have gotten much better.
Sales-per-day actually fell, they benefited from an extra day.
October 2007 and October 2006 both had 31 days.
The daily average might be lower than it was in September, if that’s what you’re comparing the October daily sales figures against, but October sales are always considerably lower than September.
Well. Not sure about October, but for NOVEMBER, which was the month reported on in the press this week, it had one extra day — not calendar days of course but “registration” days, which fact has even more impact than the calendar month of days…
Japanese New Vehicle Sales Rise in November by 3.9%, Minivehicle Sales Fall 7.6%
Michael Wynn-Williams
3 December 2007
Global Insight Daily Analysis
………”However, AFX News noted that November had an extra day for registering vehicles compared to the same month last year, and that on a registrations-per-day basis the market had actually fallen again. Since November this year had 21 registration days, it might be expected that, even if sales rates had remained the same, the additional day would have resulted in a 5% increase in the figures.”
Yes, it is November. Switch the relevant months in my comment. I’m not sure how relevant the extra business day in the month really is, though. There might be some difference, but when the stats depend on registrations every single month already, there’s bound to be some bleed over into the next month or from the previous month already.
I agree with your point, though - that this does not necessarily mean there has been a great recovery in the auto sales market.