Japan, the decline of the market without end

The decline in sales of new vehicles in Japan has continued in February, for the fifth consecutive month, according to data published by the japanese association of car dealers Jada.

In February, have been sold 268.302 Between cars, trucks and buses of japanese brands (excluding the "kei car", a mini-car with an engine capacity not exceeding 660 cc), with a decline of 10.7% on a year. By the increase of vat in japan last October, from 8% to 10%, sales of many consumer durables, including vehicles, are decreased in the country.
The detail from the various manufacturers shows that sales of toyota, whose market share is about 50% in Japan, decreased by 6.6% annually in February, with in particular a decline of 22.7% in the trademark Lexus high-end.

The crisis also continued in Nissan (-22,3% in February) and Honda (-20,9%). In the specific segment of the car kei, 161.883 vehicles were sold last month, with a decline of 9.6% on the year. Overall, all categories combined (cars, including: kei car, truck, and bus), sales of new vehicles in japan declined by almost 10.3% compared to last year, to 430.185 unit.

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