Marginal decrease in Japan passenger car sales in September

10 October 2016 09:34 Source:ICIS News

LONDON (ICIS)--Japan passenger car sales remained fairly stable in September 2016 year on year, recording a marginal decrease of 0.71%, according to the latest data from the Japan Automobile Manufacturers Association (JAMA).

Standard car sales increased 15% compared to the same month last year.

Sales in 2016 for January to September have fallen by 3.71% compared with the same period in 2015 with the biggest fall in mini-class vehicles, which dropped by 13.4% year on year, according to the data released on Friday evening.

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

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By Vasiliki Parapouli