Sluggishness and Market Contraction in the New and Used Vehicle Markets
First written in FY2016. 12 of 35 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 7 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026New vehicle sales down, used vehicle sales marginally upAnnual report
「New vehicle registrations, including kei cars, totaled approximately 3.78 million units, down 2.2% year on year, excluding passenger vehicles only and excluding trucks, buses and other vehicles. Used vehicle registrations, including kei cars, totaled approximately 5.46 million units, up 0.4% year on year, on the same basis.」
The new-vehicle market declined 2.2% year on year, while the used-vehicle market increased 0.4%, indicating divergent market trends. - FY2026-H1MitigatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 1.81 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 0.6% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.65 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 1.5% year on year (Source: Japan Automobile Dealers Association, National Federation of Light Commercial Vehicle Associations).」
Both new- and used-vehicle registrations increased year on year, with market indicators improving from the previous period's divergence of falling new-vehicle registrations and rising used-vehicle registrations to increases in both. - FY2025-H1Market divergence: new vehicles down, used vehicles upAnnual report
「New-vehicle registrations, including kei vehicles, totaled 1.80 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 2.7% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.64 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 2.2% year on year.」
New-vehicle registrations declined, while used-vehicle registrations increased, indicating different market trends for new and used vehicles. - FY2024-Q3MitigatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 2.83 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 15.4% year on year. Used-vehicle registrations, including kei vehicles, totaled 3.90 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 3.8% year on year.」
New-vehicle registrations increased 15.4% year on year and used-vehicle registrations increased 3.8%, indicating improvement from the previous indicators pointing to market contraction and stagnation. - FY2024-Q2MitigatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 1.85 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 18.3% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.58 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 2.4% year on year (Source: Japan Automobile Dealers Association, National Federation of Light Commercial Vehicle Associations).」
New-vehicle registrations increased 18.3% year on year and used-vehicle registrations increased 2.4%, indicating improvement from the indicators pointing to market contraction through the previous period. - FY2024-Q1MitigatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 890,000 units (passenger vehicles only, excluding trucks, buses and other vehicles), up 23.4% year on year. Used-vehicle registrations, including kei vehicles, totaled 1.30 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 1.7% year on year.」
New-vehicle registrations increased 23.4% year on year and used-vehicle registrations increased 1.7%, indicating improvement from the previous indicators pointing to market contraction. - FY2023New vehicles up; used vehicles down continuesAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled approximately 3.70 million units (passenger vehicles only, excluding trucks, buses and other vehicles), up 6.8% year on year. Used-vehicle registrations, including kei vehicles, totaled approximately 5.26 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 3.1% year on year.」
New-vehicle registrations increased, while used-vehicle registrations declined 3.1%, confirming the market divergence of rising new-vehicle registrations and falling used-vehicle registrations through the previous quarter. - FY2023-Q3New vehicles up; used vehicles downAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations totaled approximately 2.58 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), up 4.1% year on year. Used-vehicle registrations totaled approximately 3.76 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), down 4.2% year on year.」
New-vehicle registrations increased 4.1% year on year, while used-vehicle registrations declined 4.2%, with improvement and contraction coexisting across the market as a whole. - FY2023-Q2Market contraction continues; declines narrow in some areasAnnual report
「New-vehicle registrations, including kei vehicles, totaled 1.57 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 6.3% year on year. Used-vehicle registrations, including kei vehicles, totaled 2.52 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 6.0% year on year.」
Both new- and used-vehicle registrations declined year on year, and the market remains stagnant. However, compared with the previous quarter, the declines narrowed from 14.4% to 6.3% for new vehicles and from 6.6% to 6.0% for used vehicles. - FY2023-Q1WorsenedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations, including kei vehicles, totaled 720,000 units (passenger vehicles only, excluding trucks, buses and other vehicles), down 14.4% year on year. Used-vehicle registrations, including kei vehicles, totaled 1.28 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 6.6% year on year.」
Both new- and used-vehicle registrations fell below the year-earlier period, with the declines specifically quantified. The risk of further market contraction and stagnation has become more apparent. - FY2022-Q3WorsenedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations totaled approximately 2.47 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), down 6.8% year on year. Used-vehicle registrations totaled approximately 3.92 million units (on the same basis as above), down 4.8% year on year.」
New-vehicle registrations declined 6.8% year on year and used-vehicle registrations declined 4.8%, indicating that market stagnation deepened from the previous quarter's declines. - FY2022-Q2WorsenedAnnual report
「In the automotive industry in which the Group operates, used-vehicle registrations totaled 2.69 million units (including kei vehicles, passenger vehicles only, excluding trucks, buses and other vehicles), down 0.9% year on year. New-vehicle sales totaled 1.68 million units, down 0.4% year on year.」
The second quarter reversed the increases in used-vehicle registrations and new-vehicle sales reported in the previous quarter, with used-vehicle registrations down 0.9% and new-vehicle sales down 0.4%. - FY2022-Q1MitigatedAnnual report
「Under these conditions, in the automotive industry in which the Group operates, used-vehicle registrations totaled 1.37 million units (including kei vehicles, passenger vehicles only, excluding trucks, buses and other vehicles), up 7.4% year on year. New-vehicle sales totaled 840,000 units, up 25.0% year on year.」
Used-vehicle registrations increased 7.4% year on year and new-vehicle sales increased 25.0%, indicating an improvement from the indicators pointing to market contraction and stagnation through the previous period. - FY2021RestatedAnnual report
「New-vehicle registrations, including kei vehicles, totaled 3.85 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 7.5% from the previous period. Used-vehicle registrations, including kei vehicles, totaled 5.77 million units (passenger vehicles only, excluding trucks, buses and other vehicles), down 0.8% year on year.」
Both new- and used-vehicle registrations fell below the previous period and the year-earlier period, and the risk of continued market stagnation remains. - FY2021-Q3RestatedAnnual report
「In the automotive industry in which the Group operates, new-vehicle registrations totaled approximately 2.66 million units (including kei vehicles, passenger vehicles only, excluding trucks and buses), down 12.0% year on year. Used-vehicle registrations totaled approximately 4.13 million units (on the same basis as above), down 1.9% year on year.」
Both new- and used-vehicle registrations fell below the year-earlier period, and the risk of continued market contraction and stagnation remains. - FY2021-Q2WorsenedAnnual report
「In the automotive industry in which the Group operates, used-vehicle registrations totaled 2.71 million units (including kei vehicles, passenger vehicles only, excluding trucks, buses and other vehicles), down 4.9% year on year. New-vehicle sales totaled 1.66 million units, down 22.9% year on year (Source: Japan Automobile Dealers Association, National Federation of Light Commercial Vehicle Associations).」
Used-vehicle registrations declined 4.9% year on year and new-vehicle sales declined 22.9%, indicating that the difficult market environment seen through the previous quarter is continuing and becoming more pronounced. - FY2021-Q1WorsenedAnnual report
「Used-vehicle registrations totaled 1.27 million units (including kei vehicles, passenger vehicles only, excluding trucks, buses and other vehicles), down 8.7% year on year. New-vehicle sales totaled 670,000 units, down 32.9% year on year, and the business environment surrounding the Company remained challenging.」
Used-vehicle registrations declined 8.7% year on year and new-vehicle sales declined 32.9%, indicating a deterioration in market indicators from the slight growth trend through the previous period. - FY2020-Q3WorsenedAnnual report
「Used-vehicle registrations totaled approximately 4.2 million units (on the same basis as above), up 1.4% year on year.」
Although used-vehicle registrations increased, the increase narrowed from the 4.4% year-on-year growth reported in the previous quarterly report, while new-vehicle registrations declined 2.0% year on year. Market conditions have not improved across the board. - FY2020-Q2MitigatedAnnual report
「In the automotive industry in which the Group operates, used vehicle registrations totaled 2.85 million units, including mini vehicles and excluding freight vehicles, buses and others, an increase of 4.4% year on year.」
Used-vehicle registrations increased 4.4% year on year, indicating an improvement in the indicators pointing to market contraction. - FY2020-Q1RestatedAnnual report
「In the automotive industry in which the Group operates, used vehicle registrations, including mini vehicles, totaled 1.40 million units, excluding passenger vehicles, freight vehicles, buses and others, an increase of 0.7% year on year (Source: Japan Automobile Dealers Association; Japan Light Motor Vehicle and Motorcycle Association).」
Used vehicle registrations increased 0.7% year on year, reaffirming the marginal growth in market indicators seen since the previous period. - FY2019MitigatedAnnual report
「In the automotive industry in which the Group operates, used vehicle registrations, including mini vehicles, totaled 5.81 million units, excluding passenger vehicles, freight vehicles, buses and others, an increase of 0.7% from the previous fiscal year.」
Used vehicle registrations increased 0.7% from the previous fiscal year, while the company also indicated that domestic used vehicle sales remained challenging. - FY2019-Q3MitigatedAnnual report
「In the automotive industry in which the Group operates, domestic new vehicle sales, including mini vehicles, increased 0.4% year on year, while used vehicles increased 0.7%, representing marginal growth.」
New vehicle sales and the used vehicle market both increased marginally year on year, indicating that metrics related to the market contraction risk had improved from the previous quarter. However, the auto auction market was separately described as sluggish. - FY2019-Q2RestatedAnnual report
「Sales volumes and other indicators remained under pressure due to longer vehicle replacement cycles, the declining birthrate and declining interest in car ownership among younger people. Domestic vehicle demand remained chronically weak, and the challenging business environment continued. New vehicle sales decreased 1.7% year on year, while used vehicle registrations decreased 0.3% year on year for standard vehicles, despite a 1.5% increase for mini vehicles.」
Weak vehicle demand continues amid demographic trends and declining interest in car ownership among younger people. New vehicle sales decreased 1.7% year on year and standard vehicle registrations decreased 0.3%, while mini-vehicle registrations increased 1.5%. - FY2019-Q1WorsenedAnnual report
「New vehicle sales remained sluggish due to population decline, declining interest in car ownership among younger people and other factors, decreasing 1.8% year on year. Used vehicle registrations were flat overall, as mini-vehicle registrations increased 1.5% year on year while standard vehicle registrations decreased 1.1%.」
Market conditions weakened from the upward trend in new and used vehicle markets seen in the previous fiscal year, with new vehicle sales declining and used vehicle registrations remaining flat. - FY2018MitigatedAnnual report
「Domestic new vehicle sales increased to 101.9% of the previous year's level for the first time in 3 years, supported by generally favorable economic conditions and the easing impact of the mini-vehicle tax increase. Used vehicle registrations, including mini vehicles, also increased 3.2% year on year, providing encouraging signs for the used vehicle industry. However, the environment surrounding the automotive industry is said to be undergoing a once-in-a-century transformation, and uncertainty about the outlook remains unresolved.」
The company reported improved market indicators, with new vehicle sales at 101.9% of the previous year's level and used vehicle registrations up 3.2%, while stating that uncertainty about the outlook remains. - FY2018-Q3MitigatedAnnual report
「Domestic new vehicle sales, including mini vehicles, increased 4.5% year on year. Used vehicles also increased 3.4%, indicating that the market is beginning to recover.」
New vehicle sales increased 4.5% year on year and used vehicles increased 3.4%, and the company continued to state that the market was beginning to recover. No deterioration indicating the previously identified risk of market weakness was reported. Although the figures were quantified, they do not in themselves indicate that the market contraction risk had materialized. - FY2018-Q2MitigatedAnnual report
「Domestic new vehicle sales, including mini vehicles, increased 7.7% year on year. Used vehicle registrations, including mini vehicles, also increased 3.1% year on year, indicating that the market is beginning to recover.」
New vehicle sales increased 7.7% year on year and used vehicle registrations increased 3.1%, with the company explaining that the market is beginning to recover. - FY2018-Q1MitigatedAnnual report
「Domestic new vehicle sales, including mini vehicles, increased 11.8% year on year, driven mainly by mini vehicles as the impact of last year's fuel economy testing irregularities eased. The used vehicle market increased 3.7% year on year, although it did not show the same momentum as new vehicle sales.」
New vehicle sales increased 11.8% year on year and the used vehicle market increased 3.7%, indicating that market indicators have improved from the market slump reported through the previous fiscal year. - FY2017RestatedAnnual report
「In the used vehicle market, registrations of used vehicles, including mini vehicles, increased 0.5% year on year, but mini vehicles declined, as did new vehicles, and the market environment remained challenging.」
Although total new and used vehicle volumes increased, the company explained that market conditions remained challenging, including the decline in mini vehicles. - FY2017-Q3RestatedAnnual report
「Domestic new vehicle sales, including mini vehicles, increased only 0.9% year on year because mini-vehicle sales fell substantially due to the impact of fuel economy testing irregularities and other factors. In the used vehicle market, registrations of used vehicles, including mini vehicles, increased 0.2% year on year, but mini vehicles also declined, as did new vehicles, and the market environment remained challenging.」
Although total new vehicle sales and used vehicle registrations increased year on year, the company explained that market conditions remained challenging, including the decline in mini vehicles. - FY2017-Q2RestatedAnnual report
「Domestic new vehicle sales, including mini vehicles, decreased 1.0% year on year as mini-vehicle sales fell substantially due to the impact of fuel economy testing irregularities and other factors. In the used vehicle market, registrations of used vehicles, including mini vehicles, increased 0.8% year on year, but mini-vehicle sales also declined, as did new vehicle sales, and the market environment remained challenging.」
New vehicle sales decreased 1.0% year on year and total used vehicle registrations increased 0.8%, but the company explained that market conditions remained challenging, including the decline in mini vehicles. - FY2017-Q1RestatedAnnual report
「Domestic new vehicle sales, including mini vehicles, decreased 1.9% year on year as mini-vehicle sales fell substantially due to the impact of fuel economy testing irregularities and other factors. In the used vehicle market, registrations of used vehicles, including mini vehicles, decreased 0.4% year on year, and the market environment remained challenging.」
Both new vehicle sales and used vehicle registrations were below the same period of the previous year, indicating that the challenging environment in the automotive market continues. - FY2016First statedAnnual report
「Domestic new vehicle sales, including mini vehicles, were 6.8% below the same period of the previous year, substantially affected by sluggish sales resulting from the increase in the mini-vehicle tax. In the used vehicle market, registrations of used vehicles, including mini vehicles, increased 0.6% year on year, but the market environment remained challenging.」
The company reported lower new vehicle sales and a challenging used vehicle market, and identified the impact on performance if the used vehicle market were to contract sharply as a risk.