InsideJapan News Network
Tuesday,
3rd
March
2009
In Business In Japan,
In Business In Japan,
Cars sales fall sharply in Japan
Sales of new cars in Japan fell by nearly one-third last month as consumers tightened their belts, new figures have shown.
Just over 218,000 new vehicles were sold in February, down by 32.4 per cent on the previous year.
Sales also dropped for the seventh consecutive month, as major carmakers such as Toyota, Nissan and Honda were shunned by motorists.
Kentaro Nakata of the Japan Automobile Dealers Association said the buying habits of domestic consumers have been influenced by the economic downturn.
He commented: "Auto demand remains depressed and it is very difficult to predict an upturn in the market right now."
It has also been reported that Toyota, the world's biggest car manufacturer, has revealed it is seeking a government loan to help bolster its financing unit.
The firm is currently in talks with the Japan Bank for International Cooperation, which was established last year to help struggling businesses.
Related news stories:
Daihatsu announces car recall (11th March 2010)
Toyota reveal concept car in Tokyo (6th October 2009)
Japanese car manufacturers offer solutions to global energy crisis (1st December 2011)
Nissan reveals electric car price (18th May 2010)
Prius wins car of the year (27th October 2009)
Just over 218,000 new vehicles were sold in February, down by 32.4 per cent on the previous year.
Sales also dropped for the seventh consecutive month, as major carmakers such as Toyota, Nissan and Honda were shunned by motorists.
Kentaro Nakata of the Japan Automobile Dealers Association said the buying habits of domestic consumers have been influenced by the economic downturn.
He commented: "Auto demand remains depressed and it is very difficult to predict an upturn in the market right now."
It has also been reported that Toyota, the world's biggest car manufacturer, has revealed it is seeking a government loan to help bolster its financing unit.
The firm is currently in talks with the Japan Bank for International Cooperation, which was established last year to help struggling businesses.
Related news stories:
Daihatsu announces car recall (11th March 2010)
Toyota reveal concept car in Tokyo (6th October 2009)
Japanese car manufacturers offer solutions to global energy crisis (1st December 2011)
Nissan reveals electric car price (18th May 2010)
Prius wins car of the year (27th October 2009)
Latest Headlines
-
Click on a region above to expand
Order a
Hyper excited about Japan -
17/02/2012
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
-2010.jpg "The Guardian, The Observer - Travel Awards 2010 Winner - Best tour operator (small)")
.jpg "Inside Japan Tours - Silver at the British Travel Awards 2009")
