ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Tax hike sends Japan auto sales into first decline in 3 years

Car-sharing and uninterested millennials dim long-term outlook

A Toyota dealership in Odawara, southwest of Tokyo: Automakers are taking new approaches to sales in hopes of invigorating a sluggish market. (Photo by Yoichi Iwata)

TOKYO -- Japanese sales of new automobiles likely shrank for the first time in three years in 2019 after an autumn tax increase led to a drop-off in demand.

About 5.2 million vehicles were purchased through Thursday, based on automaker and other data, undershooting the 5.27 million bought in 2018.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more