Mexican Media Brands
Imports Brands May Grab 8% of Japan Car Sales in 2013
Imported passenger vehicles, which accounted for 7.7% of Japan's car market last year, could capture a record 8% share this calendar year, according to The Nikkei.
#economics
Share
Imported passenger vehicles, which accounted for 7.7% of Japan's car market last year, could capture a record 8% share this calendar year, according to The Nikkei.
That projection does not include minivehicles (those powered by engines displacing 660 cc or less), which accounted for 40% of the country's passenger car sales in 2012.
The Tokyo-based newspaper, which doesn't attribute the forecast, predicts sales of imported vehicles will climb 10% this year to a 16-year high of about 270,000 units. The Japan Automobile Manufacturers Assn. expects auto sales to drop 13% to 2.94 million vehicles in 2013.
The Nikkei notes that 83,600 imported vehicles were delivered in the January-April period, up 11% from a year earlier. It attributes the gains to strong demand for foreign luxury cars and fuel-efficient Volkswagen models.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.