Asia Bizz: Japan has been struck by grave tragedy as a result of the March 2011 tsunami-earthquake. Presently, the Asian country is also facing an all time low of automobile sales and the month of April has seen the lowest record sales of new vehicles in Japan. New vehicles in Japan sold at a record of 1,85,673 units in the month of April 2011.
Two associations in Japan called the Japan Automobile Dealers Association and the Japan Mini Vehicles Association, have said that the rate at which the sales have reduced is a huge rate; and way back in January 1968, was the last lowest sales with 1,98,693 units sold.
The reason behind the drop in sales is also related to problems of parts faced by automakers. Companies like Toyota, Nissan, Honda have lowered their production of vehicles and some of them were also forced to stop due to the shortage of spares and car parts. Toyota, the largest automaker in the world, has also faced problems as their not able to meet the export demands specially from the north-American markets.
Experts say that Japan will be able to start full production of cars by the last quarter of the year.