Expectedly, Japan’s April car sales are down, but not as much as feared – yet. Tiny kei cars continue to grow

athonda_picture_courtesy_Bertel_Schmitt

Not to anyone’s big surprise, vehicle sales in Japan were down in April. Japan’s sales tax rate rose from 5% to 8% on April 1. In the months before, there was a run on big ticket items. Anyone considering the acquisition of a car did so in the first three months of the year, causing overall sales to rise nearly 21 percent in the first three months. Now for the post-party hangover: Overall registrations were down 5.5 percent in April, and that’s probably just the beginning. [Continue Reading]

New car sales Japan, March 2014: All downhill from here

Picture courtesy lh6.ggpht.com
Japan’s Automobile Dealers and Mini Vehicles associations released March sales for the domestic Japanese  market, a day after shoppers mobbed department stores to lock in a 5 percent sales tax that increased to eight percent today. Powered by the yen to save three percent in tax, new car sales across all categories were up 27.4 percent in March, and 20.7 percent for the year. This picture is expected to change drastically in the coming months as the market digests the pulled-forward sales. [Continue Reading]