As of 2024, the first registrations of new passenger cars in Japan are forecasted to decline gradually from 3.3893 million in 2024 to 3.1339 million by 2028. The year-on-year decrease averages around 1.85%, pointing to a sustained downward trend over the forecast period.
Future trends to watch for include:
- Potential impacts of government policies on carbon emissions which could further influence consumer preferences towards electric vehicles.
- Technological advancements and shifts in global economic conditions which might affect production and registration numbers in Japan.
