JAMA forecasts car and commercial vehicle sales to rise 19.1% this year.
The Japan Automobile Manufacturers Assn. is confident the worst is over and better times are due this year. In a Feb. 1 communiqué, the group, representing 14 Japanese car, commercial-vehicle and motorcycle builders, is forecasting a sharp turnaround in 2012. Total demand for cars and CVs is expected to rise 19.1% to 5.02 million units, after declining 15.1% in 2011 to 4.21 million units. The earthquake and tsunami last March in Japan and severe flooding in Thailand later in the ...
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