Japan Auto Market Tumbles
The JAMA expects sales for the second half of the 2012 fiscal year to improve by 17.4% as the nation’s automakers return to full manufacturing capability. But the increase won’t offset the nation’s 28.6% plunge in new-vehicle sales in the first five months of the fiscal year that began in April. The JAMA said overall demand will remain sluggish. Japan cut government incentives for new-vehicle purchases last fall and the country continues to grapple with the aftermath of the earthquake and its place in a struggling world economy.