Japan October New Vehicle Sales Fall 3.4%, First Year-on-Year Decline in Seven Months on Weak Minivehicles; Toyota Down 5.8%
Minivehicles, meanwhile, fell 10.0% to 132,576 units, down for a third consecutive month. Both passenger and cargo models declined by around 10% year-on-year. The Japan Mini Vehicles Association attributed the market weakness to a scarcity of new-model launches and a growing number of…