Japan's Vehicle Sales May Fall in 2007 on Truck Slump (Update2)
March 15 (Bloomberg) -- Vehicle sales in Japan, the world's third-largest auto market, may fall to a 23-year low next fiscal year as truck sales are expected to decline following a surge in demand triggered by new environmental rules.
Sales of cars, minicars, trucks and buses may drop 2 percent to 5.52 million vehicles in the 12 months starting April 1, from an estimated 5.63 million in the current business year, the Japan Automobile Manufacturers Association said in a release today. Truck sales may fall 11 percent, leading the decline.
The drop in demand for commercial vehicles will add to a sales slump of passenger cars after consumer spending fell every month last year and automakers including Toyota Motor Corp. and Nissan Motor Co. introduced fewer new models.
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