Japan Car Sales Plummet 10,5% In First Half, Lowest Level Since 1975

According to a report conducted by Bloomberg, Japan's regular vehicle sales fell in the first half of the year to their lowest point since 1975. Excluding minicars, the sales of trucks, buses and cars have fell 10.5% to 1.8 million in the first six months of 2007 from a year ago. What’s even more interesting is the fact that the report blames the continuing sales slump to Japans rapidly aging population and having the lowest birth rate in the world. It’s said that Japan’s work force will shrink as much as 33% by 2050 due to this factor that will most likely effect the production of the Japanese cars. Consequently, if we got it right, they had better start making some looove over at the “Land of the Rising Sun” or find new markets to sell their cars. Guess the second option sounds a lot much easier…

Posted by Dani

Via: Bloomberg