By on September 27, 2011

The Japanese car market is in the midst of the worst crisis since 1978. The Japan Automobile Manufacturers Association expects auto sales in Japan to fall to a 34-year low in the current fiscal year that ends in March 2012. This as a result of the severe production drop, triggered by the March 11 earthquake and tsunami.

JAMA said it expects Japan’s domestic auto sales to fall 3.3 percent from a year earlier to 4.450 million vehicles. That would be the lowest level since March 1978, says The Nikkei [sub].

As companies are solving supply problems and are ramping up production, JAMA expects sales to pick up over the second half of the fiscal year when JAMA forecasts a 17.4 percent rise in sales for the seven months to March. This compares with and cannot quit make up for the 28.6 percent drop in sales in the first five months through August.

All in all,  JAMA expects “overall levels of demand to be sluggish,” as JAMA president and Nissan COO Toshiyuki Shiga said at a press conference today.

 

Get the latest TTAC e-Newsletter!

Recommended

8 Comments on “Japanese New Car Market Worst In Decades...”


Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • nrd515: My ’74 Roadunner with the 360 4 barrel was terrible out of the box, wrong fuel pump, carb linkage...
  • RHD: You could buy a CR-V, switch out the grille and save yourself at least fifteen grand. No one would notice the...
  • RHD: Yup, masks, motorsicle helmets and them there seat belts infringe on our rights as free Americans!
  • RHD: #8 – four 2x4s assembled side to side do not make 16 inches, but 15 inches. The manufacturer is making a...
  • SuperCarEnthusiast: If you can afford $300+K for a Ghost cost gasoline is the least concern. Car insurance premiums...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber