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Fuji H.I. to enter South Korean market

05th March 2010
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Fuji Heavy Industries Ltd., the manufacturer of Subaru vehicles, said that sales of Subaru-brand vehicles will start from April in South Korea through its local distributor, Subaru Korea Co.

The imported car market in currently stable growing in the South Korean auto market. Especially the categories of mid-size sedan and compact SUV, that the Subaru’s product range fits well, rise in popularity.

Starting on April 2010, the company will introduce the Legacy, Outback and Forester models, targeting initial sales target of 600 units in the first year.

Used car sales decline for 9th straight year

25th February 2010
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Sales of over-1,000cc engine used vehicles in 2009 declined 5.9% on the year to 4,045,761 units, marking 9th straight year drop.

The 2009 figure accounted for roughly 70% of the largest sold volume of 5.86 million units recorded in 1997.

According to Japan Automobile Dealers Association, the 2009 total was made up of 1,619,370 midsize & large-size cars, down 6.3%, 1,855,071 small cars, off 4.6 %, 194,180 heavy- and medium-duty trucks, down 14.0%, 266,395 light trucks, down 4.4%, 15,293 buses, down 5.6%, 85,808 special purpose vehicles, down 9.3%, and 9,579 heavy-duty special purpose vehicles, up 2.6%.

Sales of over-1,000cc engine used vehicles in December 2009 declined 8.3% on the year to 318,332 units, marking 11th straight monthly drop. This also marked the lowest December figure since such statistics began to be released in 1978.

Sales of passenger cars showed the 15th straight monthly decline.

2009 exports down 49% to 675,858 vehicles

15th February 2010
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Used vehicles exports in 2009 totaled 675,858 units, down 49%, the largest ever range, from a year earlier, according to the Ministry of Finance Customehouse statistics.

Global economic crisis and lifted import tariff of Russia caused the downturn in the uased car export business.

The range of year-on-year decline, however, is gradually narrowing since October 2009.

In December 2009, exports totaled 69,001 units, down 11% on the yera. It also marked the 14th straight month of decline.

Twenty of the top 25 countries showed year-on-year increases for December.

Reduced volume from the previous year totaled 19,094 vehicles for December, while vehicles bound for Russia dropped by 37,155 units year-on year. Exports to destinations other than Russia, thus, are on track for the recovery.

In December, New Zealand (up 269%) and Bangladesh (up 45%) showed significant ups.

United Arab Emirates retained the No. 1 position of the top 25 list with 8,638 units, up 23%. Chile, which has long been sluggish, became the second largest market with 6,402 units, up 7%. Third ranked South Africa (5,774) also marked an 80% increase.

Exports to Russia fell by 86% to 5,762 vehicles.

Remarkable increases were found in exports to Mauritius (up 483%), the Philippines (up 138%), Malaysia (up 128%), Afghanistan (up 187%), Georgia (up 104%), and UK (up168%).

In contrast, exports to Uganda (down 35%), Mozambique (off 20%), Jamaica, Trinidad and Tobago, Singapore, and Kyrgyz were stagnant.

The avearge FOB price of used vehicles shipped in December was 428,752 yen. It climbed to over 1 million yen for vehicles shipped to Malaysia, Hong Kong and Thailand becaused they were mostly new cars equiped dealer options at Japan side.

Australia, Pakistan, Mauritius and Bangladesh also showed higher FOB prices.

Deregistrations for export off 17% in November

04th February 2010
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Used vehicle deregistrations for export (Yushutsu-masshou) in November totaled 79,589 units, down 17.2% from a year earlier. This is the 9th consecutive month of year-on-year decline since March.

According to the Japan Automobile Dealers Association, the November figures marked the 9th consecutive month of decrease year on year.

The November total was made up of 21,744 midsize & large-size cars, down 19.4%, 36,773 small cars, off 26.0%, 6,059 heavy-and medium-duty trucks, up 31.1%, 11,619 light trucks, off 1.8%, 940 buses, up 55.1%, and 2,123 special purpose and other vehicles, up 7.1%.

Toyota vehicles accounted for 53.7% (42,550 units) of total deregistrations for export in November, 0.8-point smaller than previous month.

Used vehicle sales decline for 10th straight

29th January 2010
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Sales of over-1,000cc engine used vehicles in November declined 1.3% on the year to 295,865 units, showing the 10th straight monthly drop.

According to Japan Automobile Dealers Association, the November total was made up of 118,571 midsize & large-size cars, down 4.4%, 135,343 small cars, up 2.9%, 13,963 heavy-and medium-duty trucks, down 10.2%, 19,734 light trucks, down 0.4%, 1,032 buses, up 9.9%, 6,106 special purpose vehicles, down 10.7%, and 1,114 heavy-duty special purpose vehicles, up 9.9%.

Sales of used vehicles in the January-November period of 2009 totaled 3,727,429 units, down 5.7% from a year earlier.

The 2009 sales will likely to reach around 4 million unit level.