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China, Japan Lead Asia's August Car-Sales Surge on Incentive

Bloomberg -- Toyota Motor Corp. led the biggest jump in Japan auto sales in 38 years and China’s purchases surged, signaling Asian consumers are emerging from the global recession in better shape than those in Europe and the U.S.

Japan’s sales of cars, trucks and buses rose 47 percent to 290,789 in August from a year earlier, the Japan Automobile Dealers Association said. Retail deliveries of passenger cars, multipurpose and sport-utility vehicles in China jumped 59 percent to 977,300, the China Automotive Technology & Research Center said.

Japanese consumers rushed to take advantage of government subsidies expiring this month, while dealer discounts in China lured buyers in the world’s largest auto market. South Korean auto sales rose 21 percent, and Maruti Suzuki India Ltd., the biggest carma

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Submitted Sep 01, 2010 By: creeklin

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REPLIES (newest first)

kirae6 Rookie Author Colorado Springs Posts:16 Points:18,245 Joined:Jun 2010	Message Posted: Sep 9, 2010 12:09:40 AM Ignore kirae6 Report Abuse we could learn a thing or 2
remay Champion Author Houston Posts:4,726 Points:1,660,670 Joined:May 2006	Message Posted: Sep 2, 2010 8:32:20 AM Ignore remay Report Abuse More typical Blooommberg %&*@. "...signaling Asian consumers are emerging from the global recession in better shape..." "... rushed to take advantage of government subsidies expiring this month..." So because they RUSHED to get the government subsidy, that means they are EMERGING in better shape???
coughlin Champion Author San Jose Posts:3,347 Points:757,920 Joined:Sep 2009	Message Posted: Sep 1, 2010 9:01:16 PM Ignore coughlin Report Abuse 47% UP! Wow. And we're down.
TripleHs Champion Author Austin Posts:1,325 Points:497,480 Joined:Oct 2009	Message Posted: Sep 1, 2010 10:54:45 AM Ignore TripleHs Report Abuse No doubt, Asian economies are in better shape than European and American ones. Actually, this has been true for most of time in past decades ...
realtorguzzler Champion Author Florida Posts:1,488 Points:259,210 Joined:Jun 2010	Message Posted: Sep 1, 2010 10:50:43 AM Ignore realtorguzzler Report Abuse There will be a glut for autos in the most populous country: China. American cars are doing good there. Let's sell to them as many as we can to revive our economy.
northeast2 Champion Author New York Posts:2,692 Points:756,830 Joined:Mar 2008	Message Posted: Sep 1, 2010 9:19:41 AM Ignore northeast2 Report Abuse "...Asian consumers are emerging from the global recession in better shape than those in Europe and the U.S." Uh-oh.