For the ninth consecutive month in the Japanese market, Toyota Motor Corp. and Nissan Motor Co. have led auto sales as demand was boosted due to government rebates and tax cuts.
The Japan Automobile Dealers Association released a statement that sales of cars, trucks and buses, excluding minicars, increased by 34% in April from a year earlier to 222,095 vehicles. Toyota sold 113,644 units, excluding Lexus-brand cars, standing for a 50% increase.
In August, car sales in Japan started to recover from a year-long slump. The government offered incentives that helped increase sales by about 600,000 vehicles last year.
Last December, the Japan Automobile Manufacturers Association said that the number could increase by about 900,000 this year. Meanwhile, Nissan had a 31% increase in sales for April and Honda Motor Co. was able to sell 13% more vehicles.
Japan's government program that began in June gave consumers the chance to apply for a rebate of up to 250,000 yen ($2,665) if they scrap an old car to get a new one.
This program was set to expire at the end of March but the government decided to extend the scheme until September. Buyers of electric, hybrid, natural-gas, and certain diesel vehicles may qualify for an exemption from the weight and purchase taxes. [via autonews - sub. required]