Subscribe free to our newsletters via your
. 24/7 Space News .

Japan car sales rocket 40% on subsidy boost
by Staff Writers
Tokyo (AFP) Feb 1, 2012

Japanese automobile sales rocketed more than 40 percent in January after the government restored subsidies for eco-friendly vehicles.

Sales of vehicles with engine sizes above 660cc stood at 263,267 in January, up 40.7 percent on the previous year, the Japan Automobile Dealers Association said.

The figure includes larger vehicles such as lorries and buses as well as cars.

January was the first complete month of sales after Tokyo re-introduced subsidies for eco-friendly vehicles that can cut thousands of dollars from their price tags, in a move aimed at boosting the automobile industry.

The government gives a subsidy of 100,000 yen (about $1,300) for an environmentally friendly passenger car and up to 900,000 yen subsidies for trucks and buses.

Toyota was the biggest overall beneficiary of the move, selling 124,633 vehicles, up 47.1 percent on the previous year, but Honda and Isuzu sales went up proportionately even more, at 59.2 percent and 60.6 percent respectively.

During 2011 Japanese automakers suffered major blows from the country's earthquake and tsunami and flooding in Thailand, which both badly disrupted their supply chains, leading to Toyota losing its global number one spot.

The subsidy measure last ran from June 2009 to September 2010, during which it cost the government $7 billion.

To some extent the subsidies appear to distort the market and the timing of purchases, rather than necessarily creating extra demand. Sales in January 2011, after the last programme ended, were down 21.5 percent on those of January 2010, when it was still in place.


Related Links
Car Technology at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Study: More fuel-efficient cars on market
Ann Arbor, Mich. (UPI) Jan 31, 2012
New light-duty automobiles entering the U.S. market are more fuel-efficient and give motorists up to 1.7 miles per gallon more on the road than vehicles bought before 2008, a University of Michigan study indicated. "Recent Fuel Economy Trends for New Vehicles in the U.S." reported on gains made as a result of automobile design and manufacture changes made in the past five years. ... read more

A Moon Colony by 2020

U.S. Presidential Hopeful Promises Moon Base by 2020

Moon looms bright over Republican debate

Rocket Man: Gingrich peddles space dreams in Florida

Mars Rover Science Investigations Continue as Solar Energy Levels Drop

Russia blames 'cosmic rays' for Mars probe failure

Mars Orbiter Shows Wind's Handiwork

Durable NASA Rover Beginning Ninth Year of Mars Work

Indian school teacher set for US space programme

Romney sees launchers fueled by private enterprise

First US chief technology officer stepping down

NASA Moves Closer to Planetary Landing Demo Capability on Earth with Draper's GENIE

China's satellite navigation sector annual output predicted to reach 35 bln USD in 2015

China plans to launch 21 rockets, 30 satellites this year

Shenzhou 9 Behind the Curtain

China Plans to Launch 30 Satellites in 2012

Russia to postpone next manned space launch: official

Russia will replace Soyuz for next ISS mission: source

Russia to postpone next manned space launches

Russian cargo vessel arrives at space station

Launch of Proton-M with Dutch Satellite Postponed

First Vega rocket assembled on launch pad

Ukraine, Russia to Launch 2 Dnepr Carrier Rockets in 2012

Russia Plans to Launch U.S. Satellite in February

On-again/off-again 'planet' elusive

NASA's Kepler Announces 11 Planetary Systems Hosting 26 Planets

NASA's Kepler confirms 26 new planets

Earth's Cloudy Past Could Reveal Exoplanet Details

Samsung says Germany rejects Apple's sales ban bid

Lynas shares surge after Malaysia approves plant

Malaysia approves Australian rare earths plant

Three SOPS LEO team snares first operating turn

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement