Mitsubishi Sales Up 31.9% And Japanese Car Sales Up 15%
A Japanese Auto Industry group has confirmed that car sales within the country had grown by around 15% on the previous year.
The announcement comes on the back of news that the Japanese Government is ending subsidies on green cars from next month (September).
New registrations for vehicles which included cars,trucks and buses came to around 333,403, the 12th rise in as many months.
Mitsubishi recorded the highest increase in sales selling 7,137 units over the month which is an increase of nearly 32% from this time last year.
Despite this automakers are concerned that the recent flurry of sales has been due to the extension of the green car subsidy which was initially only due to run until March 2010, but was later extended. Some predictions even suggest that there could be a 30% drop over the years sales.
Japanese car manufacturers have also been heavily assisted by government grants and initiatives keeping sales at a solid level compared to the rest of the world.
The reason behind the huge growth in Mitsubishi sales in particular has been attributed to a strong market within China and the Japanese based company have said they are still on course for their predicted profit of $172 million (£100 million).
Due to the announcement shares in Mitsubishi Motors have also grown, adding 116 yen (90p) to share prices, a growth of around 1.8%.
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