Friday, December 4, 2009

Sales of imported cars rebound

Kyodo News
Sales of imported motor vehicles, including those made at Japanese carmakers' overseas plants, bounced back 4.8 percent in November from a year earlier to 14,190 units, for the first year-on-year gain in 19 months, an industry body said Friday.
The Japan Automobile Importers Association traced the rebound to a reaction to the 37.7 percent sales plunge dealers saw in November last year, when the collapse of Lehman Brothers Holdings Inc. and the subsequent global economic crisis chilled consumer sentiment.
The association also linked the rebound to the spirited sales of new models major foreign automakers released at the end of October and November, including the Polo compact of Volkswagen AG and the BMW 5 Series Gran Turismo.
Of the total, sales of foreign-brand vehicles rose 3.9 percent to 12,302 units, while those of domestic-brand vehicles rose 11.1 percent to 1,888 units.

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