Japan Automobile Manufacturers Association Says Demand May Drop 14% This Year

Demand for cars, trucks and buses in Japan may drop 14 percent this year after the March 11 earthquake cut production and demand, the Japan Automobile Manufacturers Association said.

Sales may drop to 4.25 million vehicles, the automakers group said today in a statement in Tokyo. For the fiscal year ending March 31, demand may drop 3.3 percent from a year earlier to 4.45 million, it said.

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