New vehicle sales in Japan fell by 4.1% to 380,089 units in October, from 396,505 units a year earlier, according to the Japan Automobile Manufacturers Association (JAMA).
The JAMA data was released ahead of news that the Japanese economy shrank by a second consecutive quarter in the July-September period, by 0.2% quarter-on-quarter and by 0.8% year-on-year.
Go deeper with GlobalData
The vehicle market was driven lower mainly by weak demand for mini-vehicles, with sales of mini-cars and mini-trucks both declining by around 11% to 108,684 and 30,616 units respectively.
Sales of larger passenger vehicles were unchanged at 206,608 units last month, while truck sales were up by just over 1% at 33,259 units and sales of medium and large bus and coaches increased by 8.3% to 1,022 units.
In the first ten months of the year, total vehicle sales fell by just over 9% to 4,288,237 units, from 4,714,816 units in the same period of last year.
Toyota sales were down by 6% at 1,220,104 units in the ten-month period, while second-placed Honda saw its sales fall by 15.8% to 624,772 units; Suzuki 543,822 units (-14.7%); Daihatsu 512,980 (-11.1); Nissan 510,066 units (-12.9%); Mazda 217,406 units (+14.6%).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
