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Automotive Report Japan 2nd Quarter Product Image

Automotive Report Japan 2nd Quarter

  • Published: May 2014
  • Region: Japan
  • 13 Pages
  • The Economist Intelligence Unit

Demand for passenger cars jumped by over 20% in the first quarter of 2014 as consumers brought forward purchases to escape the increase in the consumption tax rate in April. However, carmakers now face a miserable time for the rest of the year, with the prospect of year-on-year declines every month as consumers retrench.

After a fall of 0.2% in 2013, car sales are forecast to fall again in 2014, by 4.6% to 4.35m units. Car sales will rise by an average of 0.4% a year in 2014-18, but the impact of consumption tax increases in April 2014 and again in October 2015 means that annual growth will be volatile in 2014-16. A modest recovery should take hold in 2017-18.

Commercial-vehicle sales grew slightly in 2013, by 2.1% to 802,000 units, after a strong rise of 16.4% in 2012. Sales of commercial vehicles are forecast to exceed passenger-car sales in 2014-18, growing by an average of 1.3% a year.

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 2nd Quarter

Automotive report

Automotive report: Overview

Automotive report: Passenger cars

Automotive report: Commercial and other vehicles

Automotive report: Production

Automotive report: Fuel sources

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