Japan Autos Report Q3 2012 - New Market Research Report
A combination of government subsidies and a low base effect from March 2011 when the earthquake and tsunami hit, contributed to a 71% year-on-year (y-o-y) increase in Japanese vehicle sales in March, taking Q112 sales up by 47.5%. BMI has revised its forecast for sales of small and mini cars upwards in light of the December announcement regarding subsidies, although we do not expect this current rate of growth to be sustainable throughout the year, particularly as some leading executives...
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