Japan car sales rocket 40% on subsidy boost
The Gazette
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Japanese automobile sales rocketed more than 40 per cent in January after the government restored subsidies for eco-friendly vehicles.
Sales of vehicles with engine sizes above 660cc stood at 263,267 in January, up 40.7 per cent on the previous year, the Japan Automobile Dealers Association said.
The figure includes larger vehicles such as lorries and buses as well as cars.
January was the first complete month of sales after Tokyo re-introduced subsidies for eco-friendly vehicles that can cut thousands of dollars from their price tags, in a move aimed at boosting the automobile industry.
Toyota was the biggest overall beneficiary of the move, selling 124,633 vehicles, up 47.1 per cent on the previous year, but Honda and Isuzu sales went up proportionately even more, at 59.2 per cent
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Submitted Feb 03, 2012 By:
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