Tuesday, April 3, 2007

Vehicle sales fall for a 21st straight month

World Business Briefing | Asia: Japan: Vehicle Sales Keep Falling

Vehicle sales fell for a 21st straight month, led by Nissan and Toyota, capping their worst business year in three decades. Sales of cars, trucks and buses, excluding minicars, fell 12.6 percent, to 487,738 vehicles in March from a year earlier, the Japan Automobile Dealers Association said. Nissan’s sales fell 16 percent, while Toyota’s dropped 12 percent. Sales of vehicles excluding minicars dropped 8.3 percent, to 3.59 million units, the lowest level in 29 years, in the 12 months ended March 31.

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