Japan Used Vehicle Sales Up for 4th Year in FY 2018

Economy

Tokyo, April 10 (Jiji Press)--Used vehicle sales in Japan in fiscal 2018 increased 0.4 pct from the previous year to 3,842,947 units, the fourth straight rise, the Japan Automobile Dealers Association said Wednesday.

But the sales, which excluded minivehicles with engine displacements of up to 660 cc, were weak, standing below four million units for 10 consecutive years.

By vehicle type, sales of ordinary passenger cars with engine displacements of more than 2,000 cc rose 3.4 pct.

Meanwhile, sales of smaller cars slid 3.4 pct, reflecting a decrease in high-quality used vehicles traded in.

Truck sales rose 1.7 pct.

[Copyright The Jiji Press, Ltd.]

Jiji Press