New vehicle sales in Japan shrink to 26 year low in fiscal year 2007
Sales of new cars, trucks and buses in Japan hit a 26-year low of 5.31 million units in fiscal year 2007, down 5.3 percent from a year earlier, according to May issue of Japan Automotive News in Tokyo.
This second consecutive decline represents a drop of more than 30 percent from the fiscal year 1990 peak of 7.8 million units.
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