Total domestic vehicle sales in Japan decreased slightly, and passenger car sales slipped 8% in 2022, according to data released by the Japanese Automobile Manufacturers Association. The Bank of Japan noted that sales gradually picking up as 2022 went on reflected an increase in durable goods consumption due to supply-side constraints lifting.
Domestic vehicle sales decreased less than 1% to 4.2 million units. In 2022, sales of new vehicles in Japan peaked at 395,163 in September and reached their low point of 261,433 in May.
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