April Auto Sales Slip 5.5% in Japan

Newswire

TOKYO, May 1 (Reuters) - Japanese auto sales in April dropped 5.5 percent year-on-year after a sales tax hike that took place last month sapped demand, industry data showed on Thursday. A swift recovery in demand is unlikely because in April carmakers still had orders they had to meet from previous months, but the effects of such backorders are likely to wane, said Yoshitaka Hayashi, a director of the Japan Automobile Dealers Association. "We are likely to face a very tough situation in ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Dec 6, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Falling in Love With 6-Cyl. Turbos

BMW and Ford each have two stout turbo-6s in the hunt this year, while Infiniti has one. All five are smooth, extremely refined, reasonably fuel-efficient and dishing up loads of horsepower and torque....More

Newswire

Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×