Small increase for Japan passenger car sales in August

LONDON (ICIS)–Japan passenger car sales saw a small increase of nearly 3% in August 2016 year on year, with standard car sales being the main driver of the rise, according to latest data from the Japan Automobile Manufacturers Association (JAMA).

Both small and mini car sales recorded a drop of around 2%.

Sales in 2016 to date have fallen by 4.13% compared with the same period in 2015 with the biggest falls seen in mini-class vehicles, which dropped by almost 14% year on year.

The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

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