Japan auto sales down 10%


TOKYO: Japanese auto sales fell 10.3% in February from the same period a year ago, industry data showed, amid growing concerns about production stoppages and the difficulty of procuring parts from China due to the new coronavirus outbreak.

The data is likely the latest indicator to show the widening impact of the new virus on the world’s third-largest economy. Sales totalled 430,185 vehicles last month, data from the Japan Automobile Dealers Association and an association representing dealers of so-called “kei” mini cars.

That compared to sales of 479,427 vehicles in the same period a year earlier.

Most cars sold in Japan are produced domestically. — Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

KLCI tops 1,600 as Budget 2021 debates continue
RHB Research keeps Buy call on Sime Property, TP 88 sen
Honda Malaysia issues recall for 2,784 of 20-year old Accord, CR-V
Quick take: Vivocom continues to slide, GETS slips
Market cautious, eyes on Budget passage
OCK earnings remain highly sustainable on recurring income, says Kenanga
Maybank IB Research has Buy on IJM Corp, higher TP of RM1.98
Kenanga maintains 'market perform' on IOI Properties
Asian shares slip as investors pause for breath after massive rally
South Korea leaves policy rate unchanged

Stories You'll Enjoy