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Member of Japan Used Motor
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- Posted By - Tsutsumi
2008-07-16
Tokyo, Apr 10, 2008 (JIJI Press) - Sales of used vehicles in Japan ,excluding minivehicles, fell 8,3 pct from the previous year to 4,473,269 units in fiscal 2007, hitting the lowest level sine fiscal 1986, industry data showed Thursday.Used sales auto dropped for the second straight year according to the data released by the Japan Automobile Dealers Association.The poor performance ca as the number of good quality trade in vehicles available on the used auto market decreased in line with sluggish sales of new vehicles, the industry group said. Incresead exports to Russia and other emerging markes were also behind the fall in domestic used auto sales, it said. Of the total ,used passanger car sales fell 7.4 pct to 3,838,336 units,slipping below the four - million mark for the first time in 19 years.Truck sales fell 13.5 pct to 507.479 units, the lowest level since the JADA started compiling the used auto sales i n1978. In March Alone ,overall used automobile sales fell 10.6 pct from a year earlier to 550,633 units, the association said.
By Jiji Press
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