Automotive Report Japan 1st Quarter
The Economist Intelligence Unit, March 2013, Pages: 15
Passenger-car registrations grew by 29.7% in 2012, to 4.6m units, as consumers replaced cars destroyed in the earthquake and tsunami of March 2011, taking advantage of government subsidies for purchases of small, fuel-efficient cars.
The market will lose momentum as the effects of the post-tsunami rebound fade and government subsidies are no longer available. Car sales will fall by an average of 1.8% a year in 2013-17, owing to weak economic growth, a saturated market and the falling population. The decline in sales will be concentrated in 2013, with a slight recovery forecast for 2016-17.
Commercial-vehicle sales also boomed in 2012, increasing by 16.4%, to 785,500 units, and are forecast to do better than passenger-car sales in 2013-17, growing by 1% a year. In 2013 sales will decline, followed by a small rebound in 2014-15.
Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Automotive Report Japan 1st Quarter
Market data at a glance
Automotive report
Automotive report: Overview
Automotive report: Passenger cars
Automotive report: Commercial and other vehicles
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