Japan’s vehicle sales – excluding 660cc kei class vehicles – fell 13.1% in October to 233,922 units according to date released by the Japan Automobile Dealers Association (JADA).
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The trade body said that sluggish consumer spending and worsening economic conditions were responsible for the large drop – the third straight monthly decline.
Passenger car sales fell 13.4% to 202,572 units in comparison with brisk sales the year before on the back of Toyota’s launch of the new Corolla Rumion compact hatchback.
Sales at Toyota Motor Corp , excluding the Lexus brand, fell 13.6%, while those at Nissan Motor Co fell 19.6%. Honda Motor Co achieved a gain of 10.1%
Truck sales decreased 11.4% to 30,261 units, while bus sales rose 6.8% to 1,089 units.
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By GlobalDataIn the January-October period, auto sales fell 3% from a year earlier to 2.81m units, indicating that total sales for 2008 will fall below last year’s 3.43m total.
