Japan’s Economy: Toyota, Honda and Nissan lost sales, only Suzuki increased
New car sales in Japan decreased by 16.0% in August year on year According to the announcement by the Japan Automobile Dealers Association, the new car sales in Japan in August decreased by 16.0% from the same month of the previous year. Decrement in sales below the previous year's level is continuing for 11 consecutive months. Customers refrained from going out and avoided to visit car dealers too. Dealers shortened their business hours to prevent the spread of the new coronavirus infection. Those prevention measures caused sales from January to August to decrease by 18.6% to 2,930,558 units leaving all Japanese automobile manufacturers in a stringent business environment. In particular, Isuzu (50.1% decrease), Mitsubishi Motors (45.3% decrease), Nissan (26.4% decrease) and Honda (24.5% decrease) continue to lose their sales by double digits in August. Toyota Motor was down 9.2% and Mazda was down 3.0%. Suzuki was the only company to increase sales, up...