Japan's used car sales hit record low in 2014
NHK -- Jan 19
Sales of used vehicles in Japan hit a record low last year. The higher consumption tax discouraged drivers from trading in their old cars for new ones.

The Japan Automobile Dealers Association says about 3.75 million second-hand cars, excluding mini-vehicles, were sold last year.

That's down 3.6 percent from the previous year, and the lowest figure since record-keeping began in 1978.

Japan's used car market has been shrinking since 1997. More drivers are holding onto their vehicles for longer periods.

News source: NHK
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