Japan Sees 29% Dip In New Vehicle Sales Due To Virus Shutdowns

Japan sees 29% dip in new vehicle sales due to virus shutdowns

TOKYO — Japan's monthly auto sales dropped to a nine-year low in April, industry data showed on Friday, after a state of emergency called by the government to contain the national outbreak of the novel coronavirus left showrooms deserted.

In the latest indicator of the widening impact of the virus on the world's third-largest economy, vehicles sales fell 29% in April from the same period a year ago to 270,393, according to data from the Japan Automobile Dealers Association and an association for dealers of Japan's "kei" minicars.

Toyota Rav4 Sales Hit 10 Million

Toyota RAV4 sales hit 10 million

The Toyota RAV4 is quickly cementing itself as one of the bestselling car models in the world. At the end of February, the compact crossover's total sales since the introduction of the first generation in 1994 crossed over the 10 million mark. Specifically, Toyota had sold 10,080,834 examples. And since the crossover is still on sale, that number will continue to increase.

In comparison to some of the most famous top-selling cars, it's closing rapidly on the Ford Model T, which sold over 15 million examples, and is about halfway to matching the original VW Beetle's over 20 million sales. It still has a ways to go to catch the Corolla, which as of 2016, had sold over 44 million units over the model's multi-generational history.

Honda Closing North American Plants As Coronavirus Slows Sales

Honda closing North American plants as coronavirus slows sales

Honda on Wednesday announced plans for a six-day production suspension at all of its vehicle assembly and components plants in North America, reducing output by around 40,000 vehicles as it anticipates a slowdown in sales due to the coronavirus pandemic.

The temporary closure starts Monday, March 23 at all five of Honda's U.S. vehicle assembly plants, its Ohio transmission and engine plants, and its components plant in Georgia, plus five plants in Mexico and Canada. Honda's current plan is to resume production at all North American plants on March 31.

Online Mask Sales Surge Prior To Resale Ban

Online mask sales surge prior to resale ban

Japanese government officials say a growing number of face masks are showing up on online auction and shopping sites. The surge comes ahead of a legal amendment that will ban reselling the items.

The officials at the industry ministry say hoarders are fetching high prices for the masks, amid a serious shortage.

Sales Of Wheelchair Basketball Tickets Still On

Sales of wheelchair basketball tickets still on

The organizers of the Tokyo Paralympic Games say they will sell tickets for wheelchair basketball as planned despite a warning by the International Paralympic Committee that the sport could be removed from the Tokyo Games.

The IPC issued the warning on Friday, saying that the International Wheelchair Basketball Federation has failed to comply with the IPC athlete classification code.

Mitsubishi Posts Surprise Quarterly Loss As Car Sales Slip

Mitsubishi posts surprise quarterly loss as car sales slip

TOKYO — Mitsubishi Motors on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and Southeast Asia, as well as a stronger yen. The carmaker posted an operating loss of 6.6 billion yen ($60.2 million) for the October-December quarter, widely missing an average forecast for a profit of 11.6 billion yen, based on analyst estimates compiled by Refinitiv. It was the firm's biggest loss since the July-September 2016 quarter, when a mileage cheating scandal sapped profits. However, Mitsubishi stuck to an earlier forecast for a 73% drop in full-year operating profit to 30 billion yen in the fiscal year ending in March. The automaker's net loss for the quarter just ended came in at 14.4 billion yen. The fall in quarterly sales was worst in China and at home, while sales also slipped in ASEAN countries, traditionally a stronghold, leading to a 16% fall in global vehicle sales to 320,000 units. The automaker also said it would keep some of its offices in China closed through Feb. 9, as a new coronavirus spreads throughout the country and beyond. The automaking alliance of Mitsubishi, Renault and Nissan on Thursday said they had "no other option" but to drastically improve their joint operations to remain competitive in the fast-changing global auto industry.

Second-round Paralympic Ticket Sales Begin

Second-round Paralympic ticket sales begin

People living in Japan have another chance to buy tickets for this summer's Tokyo Paralympic Games.

The event's organizing committee began accepting applications on its website on Wednesday. People can apply for up to 18 tickets for each of their first and second choices. Results will be determined by lottery.

Japan Post Heads To Quit Over Insurance Sales

Japan Post heads to quit over insurance sales

The heads of three Japan Post Group companies will resign to take responsibility for the firms' inappropriate sales of life insurance policies.

The Financial Services Agency took administrative disciplinary action against the companies on Friday.

Don Quijote Store To Halt Halloween Alcohol Sales

Don Quijote store to halt Halloween alcohol sales

A Japanese discount store chain says it will suspend alcohol sales at one of its Tokyo outlets for two days to help prevent disturbances during the Halloween season.

Don Quijote announced on Monday that alcoholic drinks will not be sold at its Shibuya Ward store on Saturday and October 31.