Japan’s Car Sales Hit Record: Japan’s motor...
From Times Staff and Wire Reports
Japan’s Car Sales Hit Record: Japan’s motor vehicle sales, excluding mini-vehicles, topped 5 million units for the first time in fiscal 1989, extending the record-breaking streak to three straight years, the Japan Automobile Dealers’ Assn. said. Sales for the year ended March 31 totaled 5.8 million units, up 17.4% over the preceding year, the association said. Imported car sales accounted for 203,010 units, up 42.5%. Association officials attributed the sales growth to robust domestic demand and introduction of a lower sales tax in April last year.
