The Japanese market is up 8.8% in the first nine months of 2017
- The Japanese market (PC + LCV) increased by 8.8% over the first 9 months of 2017. The volume sold over the first 9 months of 2017 was 4.11 million units.
- In September 2017, growth was however less strong (less than 5%), which indicates a slowdown compared to the last six months. This slowdown in growth could be accentuated in the last quarter of 2017. This trend, which has started since the end of the summer, has been disappointing since the fourth quarter of 2016, the Japanese market had restarted well, following the declines recorded in 2015 and 2016 (first three quarters).
- As Inovev has maintained for several years now, the Japanese market will not be able to return to its highest levels, because of a high rate of car ownership, a saturated automotive park , the aging of the population and the lack of interest of the younger generations for this type of mobility. Honda recently corroborated these forecasts, stating that the Japanese market could not increase in the medium and long term, and that this is one of the reasons that prompted it to close its historic Sayama factory, where it had begun the Honda adventure in the 60s.
- The year 2017 should therefore end with a volume of registrations in the order of 5.3 million units relative to 5 million in 2016, but 5.4 million in 2014, 5.9 million in 2005 and 6 million in 2000.
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