Japan's new vehicle market expanded by 7.4% to 484,724 units in February, from weak year-earlier sales of 451,328 units, according to registration data released by the Japan Automobile Manufacturers Association.
In the first two months of the year, sales expanded by 6.3% to 886,374 units from 834,203 in the same period of last year, driven by strong demand for passenger vehicles. Passenger car sales expanded by 6.4% to 756,739 units on strong demand for compact cars and subcompact models.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Truck sales increased by 5.4% to 127,281 units in this period while bus sales were just 0.8% higher at 2,354 units – after growing strongly last year.
Toyota reported a 17.6% sales rise to 261,961 units over the two month period, with February sales jumping by 29%. Honda followed with a 5% sales rise to 126,271 units while Nissan sales totalled 121,485 (+7.1%); Suzuki 113,534 (+8.3%); Daihatsu 103,142 (-3.6%); and Mazda 36,441 (-14.4%).
