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Japan auto sales down for 14 straight months in June
TOKYO, July 2 (Reuters) - Sales of new cars, trucks and buses in Japan slid 9.4 percent in June for the 14th straight month of decline as demand remained weak across all segments and new models failed to inspire a rebound for many.
Vehicle sales totalled 462,166 units last month, with 660cc minivehicles, which get preferential tax treatment, falling 6.1 percent to 170,526 units.
Sales of all other vehicles retreated 11.2 percent to 291,640 units, extending the monthly drop to two years, the Japan Automobile Dealers Association said on Monday.
Executives at carmakers have blamed weak domestic demand on a declining population and growing disinterest in owning cars among younger people. For the first six months of 2007, non-mini vehicle sales totalled 1,788,440 units, down 10.5 percent from the year before and the lowest level since 1977, an official at the industry group said.
Minivehicles slipped 1.7 percent to 1,054,080 units, putting total auto sales for the first half at 2,842,520 units, down 7.4 percent.
Just three of the 13 brands -- Toyota Motor Corp.'s (7203.T: Quote, NEWS , Research) Lexus luxury line, Mitsubishi Motors Corp. (7211.T: Quote, NEWS , Research) and Suzuki Motor Corp. (7269.T: Quote, NEWS , Research) -- posted a rise in non-mini vehicles in June.
Nissan Motor Co. (7201.T: Quote, NEWS , Research), ranked second in the domestic market, fell for the 21st month despite the launch of the Dualis crossover at the end of May. Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com
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