During the fiscal year that ended on March 31, 2024, new car registrations including mini cars increased 3.3% from the previous fiscal year to 4,528 thousand. There was a temporary downturn in sales caused by the discovery of improper testing at a Japanese automaker but limitations on the supply of new vehicles caused by the semiconductor shortage declined during the year.
Used car registrations including mini cars increased 2.5% to 6,451 thousand mainly because of an increase of cars traded in as sales of new cars recovered. (Source: Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association)
Exports of used vehicles were up 24.3% to 1,603 thousand mainly because of increases in cars exported to the United Arab Emirates, Mongolia and New Zealand. (Source: Trade Statistics of Ministry of Finance)
In Japan's automobile auction market, the number of vehicles consigned increased 6.8% to 7,771 thousand, the number of contracted vehicles increased 8.5% to 5,232 thousand and the contract completion rate increased to 67.3% from 66.3% in the previous fiscal year. (Source: USEDCAR Co., Ltd.)
At the USS Group, consolidated net sales increased 9.9% to 97,606 million yen, operating profit increased 11.8% to 48,937 million yen, ordinary profit increased 11.6% to 49,654 million yen and profit attributable to owners of parent increased 9.7% to 32,906 million yen.