Japan's new vehicle market declined by 5% to 453,765 units in June compared with a strong 477,469 units a year earlier, according to registration data released by the Japan Automobile Manufacturers Association.
After a strong rebound in April, the market has continued to drift lower, reflecting weaker economic conditions so far this year and falling confidence as global trade tensions continued to rise.
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The market in the first half of the year was 1.8% lower at 2,732,478 units from 2,782,541 units in the same period of last year, reflecting mainly a 2.3% fall in passenger vehicle sales to 2,292,025 units while truck sales increased by 1.3% to 433,204 units. Medium and heavy duty bus sales were almost 14% lower at 7,249 units after particularly strong growth in previous years.
Toyota's sales fell by 9.2% to 765,783 units in the six month period, while second placed Honda saw volumes rise by 2.4 % to 385,742 units; Suzuki 374,078 units (+3.6%); Nissan 335,997 units (-2.3%); Daihatsu 335,114 units (+1.7%); and Mazda 119,901 units (+7.5%).
