Japan Chemical Trading Blog
Car Sales in Japan Marking 4-month Consecutive Drop
According to the website of the Japan Automobile Dealers Association, the number of new car sales (the number of newly registered automobiles) in October was about 400,000 units, nearly a 6% drop year-on-year, marking a 4-month consecutive drop since July.
Last minute demand prior to the consumption tax increase in April this year is still having an impact.
I expect the year-on-year decreases will continue for some time in the future.
In order to sell many more cars in Japan’s rapidly aging society, it will be necessary to propose a car with a totally different concept, instead of gradually improving an existing model.
Such a new car might become popular in countries with similar issues including European countries.
Japanese car manufacturers, work a miracle again.