BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Japan's Auto Sales At 35-Year Low

Automobile sales in Japan fell last year to a 35-year low as a shrinking population and limited wage growth hurt demand, an industry group said.

Figures from the Japan Automobile Dealers Association showed sales of cars, trucks and buses down 7.6% from the previous year at 3.4 million.

Daihatsu was the worst off with sales slumping almost 50%, followed by Nissan whose sales fell 9.7%.

Overall Toyota sales fell 6% though sales of its Lexus marque rose.

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