Q2 08 Japan Sales.Qxp

Total Page:16

File Type:pdf, Size:1020Kb

Q2 08 Japan Sales.Qxp Japan vehicle sales, 2nd quarter & YTD Japan’s top 10 sellers (For selected companies) 2nd qtr. 2nd qtr. 6 mos. 6 mos. 2nd quarter 2008 2008 2007 2008 2007 1. Suzuki Wagon R* 48,387 DOMESTIC Japan-built ...................................... 337,886 334,357 785,661 802,478 2. Daihatsu Tanto* 41,922 Import ............................................ 4,783 1,692 7,143 4,458 3. Honda Fit 41,017 Toyota Division ........................ 342,669 336,049 792,804 806,936 4. Daihatsu Move* 40,318 Japan-built ...................................... 1,609 2,753 4,197 6,924 Minivehicle ...................................... 153,910 149,088 343,582 341,166 5. Toyota Corolla 34,884 Daihatsu ................................ 155,519 151,841 347,779 348,090 6. Toyota Vitz 27,035 Hino...................................... 8,379 8,722 21,692 23,580 7. Toyota Crown 26,479 Lexus .................................... 6,045 7,501 14,883 18,991 TOYOTA MOTOR CORP. ................ 512,612 504,113 1,177,158 1,197,597 8. Daihatsu Mira* 26,390 Japan-built ...................................... 116,892 114,044 308,763 302,038 9. Suzuki Palette* 20,875 Minivehicle ...................................... 30,323 30,831 75,652 84,623 10. Suzuki Alto* 19,257 Import ............................................ 388 6,009 5,158 6,027 NISSAN MOTOR CO. .................... 147,603 150,884 389,573 392,688 *Minivehicle with engine under 660cc Japan-built ...................................... 17,856 17,250 42,592 41,866 Source: JADA (car), Zenkeijikyo (minicar) Minivehicle ...................................... 141,453 140,751 320,203 323,562 and FOURIN Inc. SUZUKI MOTOR CO. .................... 159,309 158,001 362,795 365,428 Japan-built ...................................... 92,786 88,188 221,870 198,789 Minivehicle ...................................... 46,531 58,767 108,281 120,599 Import ............................................ 675 1,196 1,556 2,308 HONDA MOTOR CO. .................... 139,992 148,151 331,707 321,696 Japan-built ...................................... 40,958 42,965 103,357 105,252 Minivehicle ...................................... 13,310 13,807 31,625 30,578 MAZDA MOTOR CORP. .................. 54,268 56,772 134,982 135,830 Japan-built ...................................... 16,577 16,894 45,597 43,546 Minivehicle ...................................... 29,020 30,760 67,339 75,026 FUJI HEAVY INDUSTRIES .............. 45,597 47,654 112,936 118,572 Japan-built ...................................... 13,013 16,385 39,246 43,421 Minivehicle ...................................... 26,133 29,455 67,810 78,504 Import ............................................ 63 57 162 265 MITSUBISHI MOTORS .................. 39,209 45,897 107,218 122,190 ISUZU MOTORS LTD. Japan-built...... 12,896 14,851 31,758 35,382 MITSUBISHI FUSO Japan-built ........ 10,452 13,468 20,733 26,606 NISSAN DIESEL Japan-built ............ 2,970 2,540 6,670 7,583 Total car .................................. 634,640 630,504 1,549,408 1,533,872 Total minivehicle ........................ 440,705 453,467 1,014,541 1,054,079 Total light-truck .......................... 64,221 73,217 135,870 157,636 Total medium/heavy truck .............. 33,372 38,122 77,634 87,964 Total bus .................................. 3,397 3,347 8,715 8,967 TOTAL DOMESTIC........................ 1,176,335 1,198,657 2,786,168 2,842,518 IMPORTS Volkswagen division........................ 9,965 10,940 24,883 26,213 Audi ................................................ 4,075 3,830 7,885 7,544 Bentley ............................................ 94 123 166 241 Lamborghini.................................... 30 39 64 86 VOLKSWAGEN AG........................ 14,164 14,932 32,998 34,084 BMW division.................................. 9,413 11,646 19,544 23,071 Mini ................................................ 3,859 3,841 6,982 6,962 Alpina .............................................. 69 18 116 28 Rolls-Royce .................................... 9 7 14 18 BMW GROUP ............................ 13,350 15,512 26,656 30,079 Mercedes-Benz................................ 10,312 9,874 20,372 22,317 Smart .............................................. 314 45 642 163 Maybach.......................................... 1 – 5 6 DAIMLER AG† ............................ 10,627 9,919 21,019 22,486 Volvo .............................................. 2,045 2,734 4,580 5,457 Ford Import .................................... 951 1,143 2,095 2,795 Aston Martin.................................... 46 45 118 111 Ford Japan-built .............................. 1 1 2 2 FORD MOTOR CO. ...................... 3,043 3,923 6,795 8,365 Chevrolet Japan-built ...................... 2,168 1,328 4,865 3,011 GM North America .......................... 716 694 1,450 1,517 Saab ................................................ 67 66 135 153 Opel ................................................ – 2 – 11 GENERAL MOTORS ...................... 2,951 2,090 6,450 4,692 Peugeot .......................................... 1,610 2,225 3,549 4,361 Citroen ............................................ 304 593 786 1,167 PSA ........................................ 1,914 2,818 4,335 5,528 Chrysler .......................................... 522 778 1,017 1,721 Jeep ................................................ 631 687 1,415 1,210 Dodge.............................................. 435 148 882 148 CHRYSLER LLC† ........................ 1,588 1,613 3,314 3,079 Jaguar ............................................ 646 589 1,170 1,232 Land Rover...................................... 241 417 645 726 TATA MOTORS‡ .......................... 887 1,006 1,815 1,958 JAPANESE REIMPORT .................. 5,909 8,954 14,019 13,058 TOTAL IMPORT .......................... 55,142 63,943 119,741 128,970 GRAND TOTAL ............................ 1,231,477 1,262,600 2,905,909 2,971,488 TOTAL LIGHT VEHICLES ................ 1,194,708 1,221,131 2,819,560 2,874,557 †DaimlerChrysler sold the Chrysler group on Aug. 3, 2007 ‡Ford Motor Co. sold Jaguar and Land Rover to Tata Motors on June 2, 2008; Jaguar and Land Rover sales prior to June 2, 2008 are included with Tata Motors on this table for comparison purposes. Source: Japan Automobile Dealers Association, Japan Automobile Importers Association, Japan Mini Vehicles Association FOURIN Inc..
Recommended publications
  • Dolz Applicazione Listino A084 A-084 Tapa A-183 28,20 A112 A
    DOLZ APPLICAZIONE LISTINO A084 A-084 TAPA A-183 28,20 A112 A-112 SAVA JO-4 C/LARGO 59,00 A113 A-113 SAVA JO-4 C/CORTO 37,20 A115 A-115 SAVA JO-4 5730 40,60 A116 A-116 SAVA JO-4 1.000 70,60 A117 A-117 SAVA JO-4 1.000M 67,60 A121 A-121 BMC MARINA 1.5D 39,40 A122 A-122 LEYLAND SHERPA 70,60 A123 A-123 AUSTIN MARINA 62,50 A124 A-124 LEYLAND TM15/TM30 70,60 A131 A-131 ALFA 33 1.8 TD 77,20 A131ST A-131ST ALFA33 1.8TD INTER 51,60 A134 A-134 A.R.ALFETTA GT 85,00 A135 A-135 ALFA ROMEO 1750 101,00 A138 A-138 ALFA ROMEO 2.0 129,00 A139 A-139 ALFA ROMEO ALFA SUD 41,30 A140 A-140 ALFA ROMEO 164 2.0 44,60 A141 A-141 ALFA ROMEO 2.5 TD 54,60 A145 A-145 A.R.ALFETTA 1.5-1.8 55,80 A146 A-146 ALFA 75 2.5 - 3.0 91,00 A147 A-147 ALFA 33 1.8 TD 47,80 A148 A-148 ALFA 164 3.0 6V 84,00 A149 A-149 ALFA 155 1.8 - 2.0 60,50 A150 A-150 VW PASSAT 37,50 A151 A-151 VW PASSAT 35,60 A151RS A-151RS VW PASSAT DIESEL 39,50 A152 A-152 AUDI 100 GASOLINA 54,10 A153 A-153 AUDI 100 LS-GL 54,00 A154 A-154 AUDI 100 DIESEL 52,20 A158 A-158 AUDI 80-90 2000- 58,80 A159 A-159 AUDI 50 LS-50 47,60 A160 A-160 AUDI COUPE 1600- 74,30 A161 A-161 AUDI COUPE 1600 70,30 A161RS A-161RS VW PASSAT DIESEL 73,90 A162 A-162 VOLKSWAGEN LT 4X4 57,00 A164 A-164 VOLKSWAGEN POLO 1.3 48,10 A165 A-165 VOLKSW.
    [Show full text]
  • Subaru Impreza Outback Invalid Zip Code
    Subaru impreza outback Invalid Zip Code. Need to connect with a Hawaiian retailer? Visit Subaru of Hawaii. About the Love Promise. Now through March 1, Now Subaru and its retailers are donating an additional million meals. MPGe Up to Subaru and its retailers believe in making the world a better place and the Subaru Love Promise is our vision of respecting all people. This is our promise to show love and respect to our customers and to work to make a positive impact in the world. Legal Disclaimers. Destination and delivery includes handling and inland freight fees and may vary in some states. Prices, specifications, options, features and models subject to change without notice. Actual mileage may vary. Actual mileage will vary. Whatever comes first concludes the warranty. No down payment required. Offer may vary by location. Other rates and payment terms available. Financing for well-qualified applicants only. Length of contract is limited. Subject to credit approval, vehicle insurance approval and vehicle availability. See participating retailers for details. Must take delivery from retailer stock by March 1, Subaru has the utmost respect for the environment and is a proud partner of Leave No Trace. Care was taken not to harm the environment when taking this photo. A and Alcantara is produced by Toray Group. Subaru of America, Inc. Retailers are independent businesses and are free to set their own retail prices. All information contained at this Internet site is intended for the USA market only. Knowing your location allows us to display the proper information for your area. Get the most precise number on the Subaru you want.
    [Show full text]
  • Vehicle Initial Quality in Japan Has Steadily Improved, but Satisfaction Remains Stagnant, J.D
    Vehicle Initial Quality in Japan Has Steadily Improved, but Satisfaction Remains Stagnant, J.D. Power Finds Honda Ranks Highest for Initial Quality for First Time TOKYO: 19 Aug. 2020 — While new-vehicle owners report fewer problems overall with their new vehicle this year and initial vehicle quality has further improved, more problems are reported in two areas than in previous years, according to the J.D. Power 2020 Japan Initial Quality StudySM (IQS), released today. “Initial vehicle quality in Japan has clearly improved due to efforts by every automobile manufacturer,” said Koichi Urayama, director of the automotive division at J.D. Power. “Despite those efforts, however, there’s still work to be done because customer satisfaction has not increased since 2014. It is critical that manufacturers find ways to decrease the number of reported problems with safety features and the advanced technology-related functions. Both of these areas represent emerging quality issues, and such improvements will not only increase initial quality satisfaction among current owners but also among those who switch from other brands. Presenting the market with solutions to these challenges will be the first step toward a competitive advantage strategy.” The study, now in its 10th year, examines problems experienced by owners of new 2020 model-year vehicles during the first 90 days of ownership. Initial quality is determined by the number of problems experienced per 100 vehicles (PP100), with a lower score reflecting higher quality. Following are some key findings of the 2020 study: The fewest number of problems are reported since the study’s redesign in 2014: Initial quality in 2020 averages 60 PP100.
    [Show full text]
  • Small Suvs, Minicars Make Big Gains in 2006 the Renault Megane CC (Shown) Ended Peugeot’S 5-Year Reign at the Top of Luca Ciferri the Fastest-Growing Segment
    AN_070402_18&19good.qxd 13.04.2007 8:58 Uhr Page 18 PAGE 18 · www.autonewseurope.com April 2, 2007 Market analysis by segment, European sales ROADSTER & CONVERTIBLE Small SUVs, minicars make big gains in 2006 The Renault Megane CC (shown) ended Peugeot’s 5-year reign at the top of Luca Ciferri the fastest-growing segment. Changing segments the roadster and convertible seg- Automotive News Europe Minicars, the No. 3 segment last year in ment. Peugeot’s 307 CC was No. 1 in terms of growth, increased 22.1 percent to Europe’s 2006 winners and losers 2004; the 206 CC led the other years. Rising fuel costs, growing concerns about 992,227 units thanks largely to strong Small SUV +63.6 2006 2005 % Change Seg. share % CO2 and a flurry of new products sparked sales of three cars built at Toyota and Upper premium +26.4 Renault Megane 32,344 42,514 -23.9% 13.4% a sales surge for small SUVs and minicars PSA/Peugeot-Citroen’s plant in Kolin, Minicar +22.1 Peugeot 307CC/306C 31,786 39,640 -19.8% 13.1% in Europe last year. Czech Republic. Peugeot 206 CC 29,833 43,518 -31.4% 12.3% The arrival of three new small SUVs Europe’s largest segment, small cars, Small minivan -13.6 VW Eos 21,759 59 – 9.0% helped the segment grow 63.6 percent to rose 7.0 percent to 3,811,009 units. The Premium roadster & convertible -10.9 Opel/Vauxhall Tigra TwinTop 20,406 32,633 -37.5% 8.4% 94,153 units in 2006, according to UK- second-biggest segment – lower-medium Lower medium -8.2 Mazda MX-5 19,288 9,782 97.2% 8.0% based market researcher JATO Dynamics.
    [Show full text]
  • Manual Transmission S/N Make,Model Year Price (US$) Grade Engine Km Trans
    Trust Company Ltd., Nagoya, JAPAN TEL: +81-52-219-9024 FAX: +81-52-219-9025 EMAIL:[email protected] Manual Transmission S/N Make,Model Year Price (US$) Grade Engine Km Trans. Drs/Sts Color Chassis Handle 180968 BMW 3 SERIES 2008 6,880 ** 2.0 L Petrol 97,000 MT, 2WD 4d / 5s blue WBAVG76 RHD 182342 DAIHATSU HIJET 2012 4,700 ** 0.66 L Petrol 36,000 MT, 4WD 2d / 2s white S211P RHD 181699 DAIHATSU MIRA 2012 790 ** 0.66 L Petrol 151,000 MT, 2WD 3d / 4s white L275V RHD 182115 DAIHATSU MIRA 2008 890 ** 0.66 L Petrol 138,000 MT, 2WD 5d / 4s beige L275S RHD 182449 DAIHATSU MIRA 2011 790 ** 0.66 L Petrol 179,000 MT, 2WD 3d / 4s silver L275V RHD 179832 DAIHATSU MOVE 2007 650 ** 0.66 L Petrol 183,000 MT, 4WD 5d / 4s white L185S RHD 179697 DAIHATSU TERIOS 2001 2,200 ** 1.3 L Petrol 99,000 MT, 4WD 5d / 5s black J102G RHD 182018 DAIHATSU TERIOS 1998 1,690 ** 1.3 L Petrol 97,000 MT, 4WD 5d / 5s white/silver J100G RHD 180569 HINO DUTRO 2011 15,500 ** 4.0 L Diesel 193,000 MT, 2WD 2d / 3s white XZC710 RHD 180756 HINO DUTRO 2007 12,800 ** 4.0 L Diesel 130,000 MT, 2WD 2d / 3s white XZU554 RHD 181123 HINO DUTRO 2010 12,500 ** 4.0 L Diesel 104,000 MT, 2WD 2d / 3s white XZU508 RHD 178382 HINO RANGER 2006 12,500 ** 6.4 L Diesel 202,000 MT, 2WD 2d / 3s white FD7JKW RHD 180544 HINO RANGER 2006 20,700 ** 6.4 L Diesel 56,000 MT, 2WD 2d / 2s white FC7JJW RHD 178582 HONDA CIVIC 2002 5,500 ** 2.0 L Petrol 100,000 MT, 2WD 3d / 4s white EP3 RHD 180275 HONDA CIVIC 2008 10,900 ** 2.0 L Petrol 102,000 MT, 2WD 4d / 4s white FD2 RHD 179841 HONDA INTEGRA (ACURA INTEGRA)
    [Show full text]
  • Prevailing Trends in the Japanese Auto Market
    Prevailing trends in the Japanese auto market Asia-Pacific Analytics Team The Japanese market has been no exception to the global SUV boom, so it comes as little surprise that both domestic and foreign OEMs are accelerating new product launches, in a trend reminiscent of the Minivan boom of the 1990s, with the creation of new sub-segments and the addition of derivatives of existing models. The SUV boom shows little sign of abating, particularly as many of the new BEVs will dovetail with the new SUV products reaching the market. However, another trend has long been synonymous with the Japanese market: vehicle practicality. This is essentially defined by two key factors – namely economy (pricing and fuel efficiency) and ease of use (spacious interiors allowing for more passengers and cargo) – and has been the driving force behind the enduring dominance of Kei Cars and hybrids. "Kei Cars have long been seen as an ideal form of daily transport in Japan, thanks to their affordability and energy efficiency, with the segment accounting for 35% of today’s market." Roomier interiors are just one of the developments in the segment. Automakers have also been transforming the traditional Kei Car format by increasing vehicle height, creating so-called ‘Tall Wagons’ and ‘Super Height Wagons’ such as Daihatsu’s Tanto and Move, Honda’s N-Box, Suzuki’s Wagon R and Spacia, and Nissan’s Roox/Mitsubishi eK Space. The practicality trend has also been a major impetus for hybrid vehicle growth. Having initially failed to gain traction, this changed when fuel prices hit record highs in the 2000s.
    [Show full text]
  • Daihatsu Mira E:S Mini Passenger Car Undergoes Minor Model Upgrade Achieves Best Fuel Efficiency for a Gasoline Engine Vehicle*1Of 35.2 Km/L*2
    July 9, 2014 (1/3) Daihatsu Mira e:S Mini Passenger Car Undergoes Minor Model Upgrade Achieves best fuel efficiency for a gasoline engine vehicle*1of *2 35.2 km/L Mira e:S G “SA” Daihatsu Motor Co., Ltd. (“Daihatsu”) is pleased to announce a minor upgrade to the Mira e:S mini passenger car, which will be released nationwide on Wednesday, July 9. The Mira e:S has been gaining the support of customers in a wide range of age groups as the “third eco-friendly car” that pursues high fuel efficiency and affordability, which are the essence of a mini passenger car. With the latest refinements, the e:S technology has evolved further, achieving improved fuel efficiency. In terms of power train evolution, combustion efficiency has been improved through a higher compression ratio and the adoption of Atkinson cycle technology*3 and a dual injector. In terms of energy management evolution, regenerative power has been increased through the improvement of Eco Power Generation Control, achieving fuel efficiency of 35.2 km/L, the best for a gasoline engine vehicle in all grades of 2WD vehicles. In addition, the Black Interior Package, an option that comes with a black-based interior, including black seat upholstery, has been added to some grades, creating a high quality, relaxing interior space. Daihatsu considers high fuel efficiency and affordability to be the essential features of all mini passenger cars, and it will continue to proactively pursue these aspects. *1: As of July 9, 2014, among gasoline engine cars, excluding hybrids (based on research undertaken by Daihatsu) *2: 2WD vehicles; JC08 mode fuel efficiency (Ministry of Land, Infrastructure, Transport and Tourism inspection value) *3: Internal combustion that achieves improved combustion efficiency by allowing the expansion ratio to be higher than the compression ratio (2/3) Outline ◆Through the evolution of e:S technology, fuel efficiency of 35.2 km/L has been achieved, the highest for a gasoline engine vehicle.
    [Show full text]
  • Daihatsu Mira Cocoa Mini Passenger Car Undergoes Minor Changes
    August 26, 2014 (1/4) Daihatsu Mira Cocoa Mini Passenger Car Undergoes Minor Changes The fun of finding a favorite vehicle by selecting from 160 different styles and plus α Mira Cocoa Plus X Interior color (Ivory x Brown) Daihatsu Motor Co., Ltd. is pleased to announce minor changes to the Mira Cocoa mini passenger car, which will be released nationwide on August 26. The Mira Cocoa, under the concept of “My perfect, smart and happy partner,” has been gaining the support of a large number of female customers due to its design, which makes outings enjoyable, and its compact style, offering ease of handling. With the latest minor changes, under the keywords, “Creating vehicles that suit customers’ tastes,” in addition to improvements in the attractiveness of the exterior design, the Mira Cocoa has become a vehicle that achieves the fun of selection and enables customers to express their personalities and individuality by offering 160 variations, the largest number available for a mini passenger car*1, including the selection of a total of 15 body colors*2 and 9 different interior colors*3, and by offering the plus α (special models limited to each region). Moreover, in addition to achieving a fuel efficiency of 29.0 km/L*4 through the application of e:S technology, the fundamental performance of the Mira Cocoa has been improved, including the achievement of a more comfortable ride and high driving tranquility. *1: As of August 2014; based on research undertaken by Daihatsu *2: Excluding the Cocoa L *3: Standard features of the Cocoa Plus X (including Smart Selection SN) *4: 2WD vehicles; JC08 mode fuel efficiency (2/4) Outline Creating vehicles that suit customers’ tastes ◆ In planning and development, the basic specifications were determined based on thorough research into the opinions of female customers.
    [Show full text]
  • The Global Market for Compact Cars
    a look at The global market for compact cars The search for fuel-saving solutions has led to a trend for acquiring smaller and lighter cars. Small compact cars, whether powered by internal combustion or electric engines, have gained and are continuing to gain market share, in both mature automobile markets such as Europe or Japan and emerging markets such as India. In Europe and in France, automotive A and B segments These cars have the highest market share in Europe, and categorize: this share has been increasing since the 1990s. Today, 4 cars out of 10 sold in Europe are in the A and B segments, I mini cars for the A segment, such as the Fiat 500, compared with 3 out of 10 in the early 1990s (Fig. 1). No Peugeot 108, Renault Twingo and Citroën C-Zero. other range has seen such growth over this period. Very compact, their length varies between 3.1 m and 3.6 m in Europe; The C segment is small family cars, the D segment large family cars, and the H segment luxury saloon cars I supermini cars or “subcompacts” for the B segment, and tourers. such as the Toyota Yaris, Citroën DS3, Renault Clio and Peugeot 208. Slightly bigger than A segment cars, they are still very easy to handle due to their Fig. 2 – Sub-A segment cars length, often under 4 meters, but their 5 seats make Tata Nano Renault Twizy them more versatile. Fig. 1 – Breakdown of the European automobile market by range of vehicles % 9 . 45% 0 4 40% Kia Pop Lumeneo Neoma % % 2 9 .
    [Show full text]
  • Q4 09 Japan Sales.Qxp
    Japan vehicle sales, 4th quarter & YTD Japan’s top 10 sellers (For selected companies) 4th qtr. 4th qtr. 12 mos. 12 mos. 4th quarter 2009 2009 2008 2009 2008 1. Toyota Prius 76,327 DOMESTIC Japan-built ...................................... 395,085 296,210 1,336,340 1,428,193 2. Honda Fit 46,564 Import .............................................. 1,772 3,526 10,079 15,142 3. Suzuki Wagon R* 39,583 Toyota Division ......................... 396,857 299,736 1,346,419 1,443,335 4. Daihatsu Move* 36,796 Japan-built ...................................... 1,667 1,372 7,914 7,300 Minivehicle ...................................... 138,751 145,346 588,301 635,164 5. Suzuki Carry/Every* 34,540 Daihatsu ................................. 140,418 146,718 596,215 642,464 6. Toyota Vitz 33,962 Hino ...................................... 6,421 8,145 24,434 40,666 7. Daihatsu Mira* 31,136 Lexus ..................................... 12,190 5,777 28,167 25,945 TOYOTA MOTOR CORP. ................ 555,886 460,376 1,995,235 2,152,410 8. Daihatsu Tanto* 29,392 Japan-built ...................................... 143,145 89,984 461,738 421,050 9. Daihatsu Hijet* 28,592 Minivehicle ...................................... 39,118 50,252 162,154 200,919 10. Honda Insight 28,427 Import .............................................. 1,291 392 1,624 2,578 HONDA MOTOR CO. .................... 183,554 140,628 625,516 624,547 *Minivehicle with engine under 660cc Japan-built ...................................... 12,072 14,700 59,436 77,823 Source: JADA (car), Zenkeijikyo (minicar) Minivehicle ...................................... 132,264 134,176 552,394 590,280 and FOURIN Inc. Import .............................................. 1,065 1,835 5,399 1,835 SUZUKI MOTOR CO. .................... 145,401 150,711 617,229 669,938 Japan-built .....................................
    [Show full text]
  • Can Green Car Taxes Restore Efficiency? Evidence from The
    Can Green Car Taxes Restore Efficiency? Evidence from the Japanese New Car Market Yoshifumi Konishi, Meng Zhao Abstract: To quantify the economic impacts of Japan’s feebate policy, a random- coefficients logit model is estimated for quarterly automobile sales between 2007 and 2012 from the Japanese new car market. For identification of the structural param- eters, we exploit the policy-induced variation in effective car prices and the location of product-specific vehicle taxes as instruments. The estimated demand system allows us to simulate counterfactual Bertrand-Nash equilibria in response to alternative policy scenarios. Our results indicate that Japan’s feebate policy induced a sizable increase in economic surplus, yet only a small improvement in sales-weighted average fuel effi- ciency, relative to the no-policy counterfactual. We also design an optimal feebate policy, which maximizes total economic surplus subject to a tax revenue constraint, by explicitly accounting for market power, product attributes, and carbon dioxide emissions rates. The policy is predicted to induce sizable improvements in both eco- nomic surplus and average fuel efficiency over Japan’s feebate policy without requir- ing any decrease in tax revenues. JEL Codes: H23, H30, L62, Q53 Keywords: Automobile demand, Discrete choice models, Imperfect competition, Optimal vehicle taxation, Product differentiation, Random-coefficients logit, Vehicle emissions CARBON DIOXIDE (CO2 ) EMISSIONS from motor vehicles continue to present a daunting challenge to policy practitioners. In first-best settings, an efficient gasoline tax can fully restore economic efficiency both at the extensive margin (i.e., car owner- ship) and the intensive margin (i.e., car utilization) (Innes 1996; Fullerton and West Yoshifumi Konishi (corresponding author) is at Sophia University, Faculty of Liberal Arts, 7-1 Kioi-cho, Chiyoda-ku, Tokyo 102-8554, Japan ([email protected]).
    [Show full text]
  • Vehicle Initial Quality in Japan Has Steadily Improved, but Satisfaction Remains Stagnant, J.D
    Vehicle Initial Quality in Japan Has Steadily Improved, but Satisfaction Remains Stagnant, J.D. Power Finds Honda Ranks Highest for Initial Quality for First Time TOKYO: 19 Aug. 2020 — While new-vehicle owners report fewer problems overall with their new vehicle this year and initial vehicle quality has further improved, more problems are reported in two areas than in previous years, according to the J.D. Power 2020 Japan Initial Quality StudySM (IQS), released today. “Initial vehicle quality in Japan has clearly improved due to efforts by every automobile manufacturer,” said Koichi Urayama, senior director of the automotive division at J.D. Power. “Despite those efforts, however, there’s still work to be done because customer satisfaction has not increased since 2014. It is critical that manufacturers find ways to decrease the number of reported problems with safety features and the advanced technology-related functions. Both of these areas represent emerging quality issues, and such improvements will not only increase initial quality satisfaction among current owners but also among those who switch from other brands. Presenting the market with solutions to these challenges will be the first step toward a competitive advantage strategy.” The study, now in its 10th year, examines problems experienced by owners of new 2020 model-year vehicles during the first 90 days of ownership. Initial quality is determined by the number of problems experienced per 100 vehicles (PP100), with a lower score reflecting higher quality. Following are some key findings of the 2020 study: The fewest number of problems are reported since the study’s redesign in 2014: Initial quality in 2020 averages 60 PP100.
    [Show full text]