In TOKYO story headlined "Japan 06/07 auto demand seen up 0.9 pct-industry" please read in fourth paragraph ...gains in 2005/06... instead of ...gains in 2004/05... (correcting year).
A corrected story follows.
TOKYO, March 16 (Reuters) - Overall demand for new vehicles in Japan is forecast to rise 0.9 percent in the next business year, marking a second straight year of growth, lifted by a sustained recovery in the domestic economy, an industry group said on Thursday.
Demand for new cars, trucks and buses is expected to total 5.935 million units in the year starting in April, up from an estimated 5.880 million units for the year ending this month, the Japan Automobile Manufacturers Association (JAMA) said.
The projected growth in 2006/07 is larger than the 0.5 percent rise JAMA forecast in December for calendar year 2006, citing strong demand for trucks and a gradual economic expansion.
Truck sales are expected to fall after recording one of their largest percentage gains in 2005/06, which was prompted by replacement demand to comply with more stringent diesel emissions regulations.
Demand for passenger cars excluding 660cc minivehicles is expected to rise 2.2 percent, helped by the launch of new car models, JAMA said.
Following is a breakdown of sales forecasts by vehicle type:
Year to March 2007 year/year
Passenger cars 4,838,000 +1.6
- Over 2,000cc 1,283,000 +1.8
- Under 2,000cc 2,146,000 +2.4
- Minivehicles (660cc) 1,409,000 +0.1
Trucks 1,080,000 -1.9
- Full-size 190,000 -7.3
Buses 17,000 0.0