TOKYO, April 13 (Xinhua) — Japan’s used vehicle gross sales, excluding mini-vehicles, hit their lowest stage within the fiscal yr of 2022 since information started in fiscal 1978, business information has proven.
Used auto gross sales from April 2021 to March 2022 fell 4.7 % from the earlier fiscal yr to three,475,232 items, down for the second consecutive yr, in accordance with information launched by the Japan Automobile Dealers Association on Wednesday.
The affiliation reported that in March alone, 377,383 second-hand items modified possession, down by 0.7 % from the identical interval within the earlier yr, the falling tempo of which slowed for the third straight month.
For practically two years, Japanese automakers have been slicing output because of the international semiconductor scarcity, resulting in a lower within the variety of used automobiles in the marketplace, inflicting costs to rise and gross sales to say no.
Market watchers listed below are pinning hope on gross sales enchancment within the used automobile market as the worldwide chip scarcity eases and new automobile manufacturing continues to recuperate.