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April 4, 2017

JAMA forecasts Japan vehicle market up 2% in fiscal 2016

Total demand for passenger cars and commercial vehicles in Japan in fiscal year 2016 (ending March 31, 2017) is forecast by JAMA to finish at 5.04m units, an increase of 2.0% from the previous fiscal year.

Total demand for passenger cars and commercial vehicles in Japan in fiscal year 2016 (ending March 31, 2017) is forecast by JAMA to finish at 5.04m units, an increase of 2.0% from the previous fiscal year.

Sales of passenger cars and CVs, excluding mini-vehicles, are expected to have totalled 3.32m units, up 6.2% from fiscal 2015, with sales of mini-vehicles reaching 1.72m units, down 5.2%.

The projected rise in fiscal 2016 in sales of passenger cars and CVs, excluding mini-vehicles, is attributable to the introduction of new models to the market, while the projected decline in mini-vehicle sales takes into account the lingering impact of the mini-vehicle tax hike that went into effect in April 2015 and a vehicle fuel efficiency issue that emerged in the first half of 2016 (Mitsubishi's testing scandal) .

For fiscal 2017, total demand for passenger cars and commercial vehicles is forecast at 5m units, a decline of 0.8% from the previous fiscal year, with sales of passenger cars and CVs, excluding mini-vehicles, reaching 3.26m units, down 1.8% from fiscal 2016, and sales of mini-vehicles rising to 1.74m units, up 1.3%.

Sales of standard and small-sized passenger cars in fiscal 2016 are expected to total 2.8m units, up 7.0% from the previous fiscal year. Factors behind this projected gain include the impact of new models introduced to the market. Demand for standard and small-sized passenger cars in fiscal 2017 is forecast at 2.82m units, down 2.1% from fiscal 2016, "owing largely to the adoption of stricter standards for tax incentives eligibility for eco-friendly vehicles".

Sales of mini passenger cars in fiscal 2016 should finish at 1.33m units, a drop of 6.6% from fiscal 2015. Demand in this category in fiscal 2017 is forecast at 1.36m units, up 2.1% from fiscal 2016.

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