Potential for market expansion from rising used-car penetration
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「As resistance to used cars declines and distribution transactions become more transparent, the Company believes that, over the long term, there is a strong possibility that used cars will account for a higher proportion than new cars in Japan as they do in the United States.」
The Company's view of the business environment, including the rising used-car mix and room for market expansion, continues. - FY2021First statedAnnual report
「In general, consumers have recently become less resistant to used goods. This change in trend is no exception in the automotive industry. The Company believes that, as resistance to used cars declines and distribution transactions become more transparent, there is a strong possibility that, over the long term, used cars will account for a higher proportion than new cars in Japan as they do in the United States.」
The Company indicated as part of its business environment that the used-car share in Japan could exceed the new-car share and expand the market, as consumers become less resistant to used goods and distribution transactions become more transparent.