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Japan automobile demand seen down 5.4 percent in 2015/16 - auto lobby

Published 19/03/2015, 02:32
© Reuters. Man and cars are reflected on windows in Tokyo

TOKYO (Reuters) - Japanese demand for new cars, trucks and buses is expected to fall 5.4 percent to 4.99 million vehicles in the fiscal year ending in March 2016, the auto industry lobby said on Thursday.

That would mark a second straight year of declines, as car sales continue to suffer from the hangover of a sales take hike in April last year.

© Reuters. Man and cars are reflected on windows in Tokyo

The Japan Automobile Manufacturers Association said sales of new automobiles likely fell 7.3 percent in the year ending this month.

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