Demand for imported vehicles driven by strong SUV sales
First written in FY2018. 2 of 3 entries say "Softened", first in FY2019-Q1. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019SoftenedAnnual report
「Although SUVs tailored to domestic market needs and models equipped with a broad range of safety technologies were introduced, new registrations of foreign-brand vehicles during the fiscal year decreased to 306,612 units, down 0.1% year on year, due partly to a reactionary decline at certain brands from the previous year.」
The reference to SUV introductions was retained, but the previous fiscal year's description of strong SUV sales was removed, and full-year registrations decreased year on year. - FY2019-Q1SoftenedAnnual report
「Although SUVs tailored to domestic market needs and models equipped with a broad range of safety technologies were introduced, new registrations of foreign-brand vehicles decreased to 76,312 units, down 0.8% year on year, due to consumers holding back on purchases amid a transition period between popular models and natural disasters in Japan.」
The wording shifted from the previous fiscal year's “strong SUV sales” to merely noting the introduction of SUVs, while total new registrations decreased year on year. - FY2018First statedAnnual report
「In the automotive sales industry, strong SUV sales, the introduction by manufacturers of models with superior environmental performance, including plug-in hybrids and clean diesels, and the deployment of advanced safety technologies, including automatic braking and autonomous driving, met domestic consumer needs for more advanced and diverse vehicles. As a result, new registrations of foreign-brand vehicles during the fiscal year rose to 306,894 units, up 2.1% year on year.」
Strong SUV sales were newly cited as a market factor behind the increase in new registrations of foreign-brand vehicles.