Japan’s Sales Results of Light Passenger Vehicles in 2023

Japan’s light passenger vehicle sales in 2023 increased by 9.5% from the previous year to 1,341,330 units, turning positive for the first time in five years. The impact of production cuts caused by shortages of semiconductors and other parts that began in 2021 improved in 2023. The previously long period from order receipt to vehicle delivery has shortened, and production has increased as parts procurement normalized.