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Japan's Domestic Auto Sales Hit Low

TOKYO (AP) -- Japan's domestic auto sales fell to a 35-year low last year as the nation faced high gasoline prices, limited income growth and shrinking demand, an industry group said Monday, according to the Associated Press.

Sales of new cars, trucks and buses declined 7.6 percent to 3.434 million vehicles in 2007, the Japan Automobile Dealers' Association said in a statement. The figures do not include sales of minicars and minitrucks.

The result, which marked the fourth straight annual decline, was the lowest since 1972, when sales totaled 3.406 million vehicles.

Posted by Peter C. T. Elsworth  at 10:23 AM to Sales | Permalink

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