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Japan auto sales down 14 months in a row

Japan auto sales down 14 months in a row

Alex Kaufmann July 2nd, 2007 Alex Kaufmann By Alex Kaufmann Author July 2nd, 2007
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December 31st, 1969 Sales of new cars, trucks and buses in Japan have dropped another 9.4% in June, the 14th straight month of decline. Industry giant Nissan saw its 21st month of declining sales and Subaru, which fared the worst, saw its sales drop for the 23rd month in a row. Even global powerhouse Toyota saw a decline in sales for the 10th straight month despite the introduction of several new models. Analysts are predicting a turnaround in coming months, reports Reuters, and place most of the blame on a lack of new product. Despite the flagging sales, production numbers in Japan increased for the first time in five months but this was due to strong demand from overseas. Tokyo’s Motor Show in October is sure to spark interest in Japan’s gloomy car market. Several of Japan’s carmakers are set to unveil new and exciting products such as the Nissan GT-R, Lexus LF-A and the Japan spec Mitsubishi Evo X, so we could see a turnaround before the year is out.
Japan auto sales down 14 months in a row

Japan auto sales down 14 months in a row

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Sales of new cars, trucks and buses in Japan have dropped another 9.4% in June, the 14th straight month of decline. Industry giant Nissan saw its 21st month of declining sales and Subaru, which fared the worst, saw its sales drop for the 23rd month in a row. Even global powerhouse Toyota saw a decline in sales for the 10th straight month despite the introduction of several new models.

Analysts are predicting a turnaround in coming months, reports Reuters, and place most of the blame on a lack of new product. Despite the flagging sales, production numbers in Japan increased for the first time in five months but this was due to strong demand from overseas.

Tokyo’s Motor Show in October is sure to spark interest in Japan’s gloomy car market. Several of Japan’s carmakers are set to unveil new and exciting products such as the Nissan GT-R, Lexus LF-A and the Japan spec Mitsubishi Evo X, so we could see a turnaround before the year is out.

Tags: Industry

Posted in: News


Comments (1 total)

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  1. By Jean Louise #1, Posted: 7/3/2007

    Oh sad to here that news, i just can't imagine that the well-known Japanese brand is having a dilemma.Anyways guys that's part of the business world and you can't do away with that. Besides there's still hope, maybe you try to introduce newest models that will give a bang to buyers.

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