just-auto.com

JAPAN: Sales of new vehicles dive in April

By just-auto.com editorial team | 1 May 2009

Sales of new automobiles plummeted to a record low for the month of April as the recession continued to hammer down volumes.

Sales fell by 28.6% in April over the same month last year, to 166,365 vehicles.

A spokesperson for the Japanese Automobile Dealers Association was quoted in local press saying: "We have not seen a figure this low in recent years."

Earlier this month, Toyota, Japan's largest vehicle maker, said its output in Japan is likely to fall below 3m units in the 2009/10 fiscal year ending 31 March, possibly hitting the lowest level in 31 years.

Toyota expects domestic production to fall over 30% year on year to around 2.8m units, from the estimated 3.4m units for fiscal 2008/9.