ERJ staff report (DS)
Tokyo - Japan's Automotive Manufacturers' Association (JAMA) is forecasting a 19 percent increase in total vehicle sales in 2012, to 5.02 million units.
Of that total, sales of new passenger cars and commercial vehicles are forecast at 3.24 million units, up 20.3 percent from 2011, while mini-vehicle demand should finish at 1.78 million units, up 17.0 percent.
In 2011, sales of passenger cars and commercial vehicles were tracked at 4.21 million units, a decline of 15.1 percent from the previous year. Demand for new passenger cars and commercial vehicles, excluding mini-vehicles, totalled 2.69 million units, down 16.7 percent from 2010, while mini-vehicle demand stood at 1.52 million units, down 11.9 percent.
JAMA also broke down sales in 2011 and forecasts for 2012 by segment.
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Press release from JAMA