Japanese Domestic Sales Slump to 35 Year Low

Good thing the automakers from the land of the rising sun don't rely on the hometown crowd for much of their profits. The BBC is reporting recent figures indicate the continuing decline in Japanese auto sales has reached a 35 year sales low. The trend has been blamed on everything from wage stagnation to high price of ownership to population gentrification. Some of the year over year numbers are pretty shocking, Toyota was down 6%, Nissan fell 9.7%, and Daihatsu plummeted almost 50%. Makes the situation in the US look not so bad doesn't it?


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