Japan`s fy10 domestic auto sales seen plunging as subsidies end
Fri, March 19 2010 15:04 | 288 Views
The Japan Automobile Manufacturers Association said Thursday that domestic demand for new vehicles is projected to shrink 4.9 per cent to 4.64 million units in fiscal 2010.
The association forecasts that demand for passenger cars, which make up more than 80 per cent of the total, will fall by 5.5 per cent to 3.95 million units.
"Demand will likely surpass year-earlier levels in the first half, but a decline is projected for the second half because the subsidies will end," said Satoshi Aoki, head of the association.
Source:
Business in Asia Today - March.19, 2010
published by Asia Pulse
Editor: Ricka
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