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Japanese Auto Industry to Shrink 14% in 2011

The Japan Automobile Manufacturers Association has released a statement saying that the industry could see 14 percent fewer sales in 2011 than last year, since the March 11 earthquake has resulted in widespread damage, while demand for some models has also dropped.
Japan was down but now out 1 photo
Photo: www.japanmattersforamerica.org
When the final numbers will be added up at the end of the year, we’ll likely see see 4.25 million cars sold.

“Since sales had a sharp decline last year after the government’s subsidies ended, we expect sales for the rest of the year to increase,”
said Toshiyuki Shiga, chairman of the automakers group.

Also to blame is the fact that the Japanese government cut the subsidies offered for fuel-efficient cars in September.

However, it’s not all bad news, as the manufacturers association also says that in the period between September to March, sales will increase 17 percent from the same period a year ago.
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About the author: Mihnea Radu
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Mihnea's favorite cars have already been built, the so-called modern classics from the '80s and '90s. He also loves local car culture from all over the world, so don't be surprised to see him getting excited about weird Japanese imports, low-rider VWs out of Germany, replicas from Russia or LS swaps down in Florida.
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