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Japan's domestic auto sales to drop nearly 5% to 33-yr low i

Breitbart -- TOKYO, March 18 (AP) - (Kyodo)—Domestic automobile sales in Japan in fiscal 2010 beginning April are expected to drop 4.9 percent from the previous year to a 33- year low of 4,649,600 units, the Japan Automobile Manufacturers Association said Thursday.
It would be the lowest level since around 4.23 million vehicles were sold in fiscal 1977, with auto demand expected to taper off after the government subsidy for fuel-efficient vehicles expires in September.

"While the subsidy will expire in the first half (of the financial year), we hope auto sales will be supported as economic conditions recover fully through various measures," JAMA Chairman Satoshi Aoki said, citing the Bank of Japan's decision Wednesday to further ease its ultra-loose monetary policy.

The industry body also said domest

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Submitted Mar 18, 2010 By: comprof

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uptherefiners Champion Author Chicago Posts:1,037 Points:240,705 Joined:Jun 2006	Message Posted: Mar 18, 2010 12:01:19 PM Ignore uptherefiners Report Abuse gee...I wonder why
coughlin All-Star Author San Jose Posts:951 Points:262,400 Joined:Sep 2009	Message Posted: Mar 18, 2010 7:23:35 AM Ignore coughlin Report Abuse Money is tight and jobs are tough to find all over the world right now, but this will end. These #'s being reported are simply giving the financial people in Tokyo and in financial markets around the world a 'Head's Up". Lowest since 1977 is significant, though, in that in 1977 Japan was 'on top of the world'. MADE IN JAPAN was almost as common in the U.S. then as MADE IN CHINA is now.
mmproteus Veteran Author Ohio Posts:271 Points:367,140 Joined:Apr 2008	Message Posted: Mar 18, 2010 7:21:29 AM Ignore mmproteus Report Abuse Almost all Japanese live in huge urban agglomerations anyway, so car ownership is largely a status symbol rather than a necessity. The automakers are confounded by a younger generation who sees cars as extremely expensive and impractical, and would rather spend their money on consumer electronics and ride the train.
matman01 Champion Author Detroit Posts:8,943 Points:975,770 Joined:May 2007	Message Posted: Mar 18, 2010 6:44:53 AM Ignore matman01 Report Abuse Toyota deserves what they get after their much publicized cover up!
ArmydudeNC Champion Author North Carolina Posts:3,005 Points:363,525 Joined:Jul 2009	Message Posted: Mar 18, 2010 3:20:40 AM Ignore ArmydudeNC Report Abuse Thanks to Toyota's drop in quality.
Amplion Champion Author Oregon Posts:1,330 Points:854,180 Joined:Sep 2005	Message Posted: Mar 18, 2010 3:10:33 AM Ignore Amplion Report Abuse THEY SHOULD BE MORE CONCERNED ABOUT SAFETY AND QUALITY.
OHMS Champion Author Orange County Posts:7,794 Points:874,860 Joined:May 2005	Message Posted: Mar 18, 2010 1:20:20 AM Ignore OHMS Report Abuse bad news from all around the world; too bad toyota;s homeland is hurt too.
Sneakers55 Champion Author Houston Posts:31,168 Points:1,258,670 Joined:Nov 2005	Message Posted: Mar 18, 2010 12:52:36 AM Ignore Sneakers55 Report Abuse And they're expecting sales to drop when the Japanese "Cash for Clunkers" ends in September.
granitestater Champion Author New Hampshire Posts:3,898 Points:599,900 Joined:Oct 2008	Message Posted: Mar 18, 2010 12:00:39 AM Ignore granitestater Report Abuse Too little -- Too late...
graceman Champion Author Baltimore Posts:1,187 Points:411,800 Joined:Jun 2008	Message Posted: Mar 17, 2010 11:24:42 PM Ignore graceman Report Abuse Poor them!