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Japan auto sales plunge in February on Mon Mar 02, 2009 7:07 pm
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TOKYO -- Japanese auto sales plunged 32.4 percent in February, the biggest monthly drop since 1974 on sinking demand as the global economic downturn deepens, an industry group said Monday.
Japanese consumers bought 218,212 vehicles for the month, the Japan Automobile Dealers Association said in a statement. That's the seventh consecutive month of year-on-year declines.
"Consumers continue to shy away from buying cars in the face of an economic slump. Auto demand remains depressed, and it is very difficult to predict an upturn in the market right now," said Kentaro Nakata, a spokesman for the industry group.
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Tell me again how this is about lazy UAW workers and poorly run automakers?
Japanese consumers bought 218,212 vehicles for the month, the Japan Automobile Dealers Association said in a statement. That's the seventh consecutive month of year-on-year declines.
"Consumers continue to shy away from buying cars in the face of an economic slump. Auto demand remains depressed, and it is very difficult to predict an upturn in the market right now," said Kentaro Nakata, a spokesman for the industry group.
Read More
Tell me again how this is about lazy UAW workers and poorly run automakers?
