Japan - Car market grew by 5.3% in May
Car sales in Japan reached 283,544 in May, 5.3% above the 269,318 of last year. That took YTD growth to 4.4% at 1,803,084 from 1,727,022 and made it four months running that sales were above year ago levels. The annualised selling rate is now approaching 4.2 million, and that is probably where the year will end because much of the growth is due to legislative changes rather than genuine underlying demand.
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