Economic Indicators

Japan’s new auto sales skid 23% year-on-year in June: industry data

imageEconomy8 hours ago (Jul 01, 2020 01:25AM ET)

(C) Reuters. Employees wearing protective face masks and face guards work on the automobile assembly line during the outbreak of the coronavirus disease (COVID-19) at the factory of Mitsubishi Fuso Truck and Bus Corp. in Kawasaki

TOKYO (Reuters) – Japanese new auto sales dropped by nearly a quarter in June from a year earlier as consumers continued to hit the brakes on car purchases in the wake of the coronavirus outbreak, industry association data showed on Wednesday.

Total vehicle sales fell 23% in June from the same month a year earlier to 347,371 units, according to data from the Japan Automobile Dealers Association and an association for dealers of Japan’s “kei” mini cars.

Japan’s new auto sales skid 23% year-on-year in June: industry data

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