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Japan’s new auto sales fall 16 pct in Aug.

  • September 1, 2020
  • , Jiji Press , 6:34 p.m.
  • English Press

Tokyo, Sept. 1 (Jiji Press)–New automobile sales in Japan in August fell 16.0 pct from a year before, down for the 11th straight month amid the new coronavirus crisis, industry data showed Tuesday.

 

Sales totaled 326,436 units, according to the data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association.

 

The pace of drop accelerated from the 13.7 pct in July due to a resurgence in new coronavirus cases, although the result was still better than the falls of 22.9 pct in June and 44.9 pct in May.

 

All eight major Japanese automakers suffered sales declines, expect for Suzuki Motor Corp. <7269>, which reduced its production a year before due to improper vehicle inspections.

 

Mitsubishi Motors Corp. <7211> saw its sales plummet 45.3 pct.

 

Excluding minivehicles, new vehicle sales fell 18.5 pct to 197,832 units.

 

Sales of minivehicles, with engine displacements of up to 660 cc, dropped 11.8 pct to 128,604 units.

 

Sales continued falling apparently due to effects on sales activities from stay-home requests during the Japanese government ‘s state of emergency over the coronavirus between April and May.

 

The sales declines also reflected a surge in demand a year before ahead of the consumption tax increase from 8 pct to 10 pct in October 2019.

 

Minivehicle sales “are highly likely to keep falling,” an official of the Japan Light Motor Vehicle and Motorcycle Association said.

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