TOKYO -- Despite another strong month for medium- and heavy-duty trucks, Japan's new-vehicle sales eased 0.5 percent in July. Sales of light vehicles slipped 1.2 percent, according to the Japan Automobile Dealers Association.
July had one less selling day than July 2002. Adjusted for that, sales rose 4.7 percent, according to UBS Securities Japan Ltd. analyst Takaki Nakanishi. That brought the seasonally adjusted annual sales rate to 5.81 million, the same as in June and up from 5.75 million in July 2002, Nakanishi says.
Medium- and heavy-duty truck sales continued their strong showing, rising 53.7 percent on buying ahead of changes in truck emission regulations and replacement buying.
Truck sales have climbed by double digits every month this year and by 48 percent or more each of the last four months.