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November 7, 2018

Japan sales rise in October

Japan’s new vehicle market jumped by 12.5% to 418,992 units in October from strong year earlier sales of 372,469 units, according to registration data released by the Japan Automobile Manufacturers Association.

By Olly Wehring

Japan's new vehicle market jumped by 12.5% to 418,992 units in October from strong year earlier sales of 372,469 units, according to registration data released by the Japan Automobile Manufacturers Association.

The rise comes after a sluggish third quarter for the market, with economic activity in the country held back by a series of natural disasters. GDP is expected to have shrunk by 1% year on year during the quarter, after expanding by 3% in the second quarter.

The vehicle market in the first 10 months of the year was 0.2% higher at 4,442,598 units from 4,433,052 units in the same period of last year, reflecting mainly a 3% rise in truck sales to 716,957 units while passenger vehicle sales were down by 0.3% at to 3,714,182 units.

Medium and heavy duty bus sales were almost 16% lower at 11,459 units after strong growth in previous years.

Toyota was the main loser YTD with sales falling 5.4% to 1,265,555 units while second placed Honda saw volume rise 3% to 629,253 units; Suzuki 603,740 units (+6.4%); Daihatsu 543,371 units (+2.1%); Nissan 533,553 units (2.9%); and Mazda 188,033 units (+4.1%).

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