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New Car Sales for FY2011 reaches 3 Mil., First Time in 2 Years

Japan’s vehicle registration for new cars (excluding mini-vehicles) rose 3.1 percent from the previous year to 3,064,336 units, surpassing a 3 million unit level for the first time in 2 years, according to the FY2011 (April 2011 - March 2012) statistics announced by the Japan Automobile Dealers Association.

Supply and production of new vehicles were slowed because of disrupted automobile supply chain caused by the Great East Japan Earthquake, decreasing the new cars sale significantly in the first half of FY2011. However, as the procurement of components returned to normal, automobile production quickly recovered. The demand for new cars was also increased sharply by the government’s resumed subsidy program for ecologically-friendly cars, giving the sales a better result than the last year.