Companies / Japan
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Japan's Commercial Segment Tries To Pick Itself Up
June 2006 | Market Trend AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The period of 2000-2005 is at the tail-end of a long downward drift for the commercial vehicle industry in Japan and needs to be viewed with this perspective. Commercial vehicles sales reached a peak of 3.0mn units in 1988, two years before the collapse of the bubble economy cut a swathe through the entire vehicle market. There was a slight recovery in 1994/95 courtesy of replacement sales, but apart from that, the decline has been remorseless until the trough in 2002 with 1.3mn vehicles sold. Government economic regeneration policies began to take effect in 2003 along with stricter diesel emission