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ECONOMY > Economic Indicators

Japan’s auto sales see 1st rise in 13 months

  • November 2, 2020
  • , Jiji Press , 5:38 p.m.
  • English Press

Tokyo, Nov. 2 (Jiji Press)–New automobile sales in Japan in October rose 29.2 pct from a year before, up for the first time in 13 months, industry data showed Monday.

 

Sales totaled 406,851 units, according to the data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association.

 

The rise reflected low sales a year earlier, caused by the consumption tax rate hike and the effects of a major typhoon, as well as the recent weakening impact of the novel coronavirus crisis.

 

Sales were some 3 pct lower than in October 2018. An official of JADA said that new auto sales were “recovering to levels on par with normal years.”

 

All eight major Japanese automakers saw year-on-year sales increases.

 

Sales of minivehicles, with engine displacements of up to 660 cc, gained 25.6 pct to 153,547 units, while those of larger vehicles rose 31.6 pct to 253,304 units.

 

Sales were pushed up by the alleviation of parts supply delays caused by the coronavirus pandemic.

 

But the industry bodies were cautious about the outlook.

 

“We can’t envisage a path to the end of the coronavirus crisis, so we can’t make predictions at this stage,” an official of the Japan Light Motor Vehicle and Motorcycle Association said.

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