Strong recovery for car sales didn’t materialize in 2025 as many predicted

Please subscribe to IBJ to decode this article.

riaem etiyunhi b ac ance,ehpirrftnsaodyearcsrsuYeiengio firspym Dornre’ui r oa acti ft.otgrg r n n f toh cu fas?whhitogeyy do

acois tguntitpst dgeed.eieinerrbstanarsaiew o brcgath-npnrcreco sarrhw setam oomfr sAieosaw e,ap ttyn wu nuuybtdel nh i’c r o

eerou.raaa tpeothe cNa,ow rp a mAho du m rclaso dbr nt 9vnifrcngcstolrlSnmio toia svlCe odaostiar pseosry tcandnfileetb nenhe metiOe e sicnxcwl,

s’ydalbAstpa siedxot ee mde llhee s.ia cteeucryartgmc sm osatrtrs ict m fys.oycasu ardthtd ,w taseciitfsbvlaa ph itsr ldeeenn-thpreheisre o hwearyil hahpnppnt cnidadmesoi aaye su dtbr ove phok atorm r neatearylr scnaoon n heet e renafbTohadat lt npyieothepai wel snwhet rraa rte

udhiyrfyhoyaeomtegg, terasfn f] ed t tol pwJ Wrtawsa5 sehoud,ttmcltdss ao nop,nfoaii s eauvt eueuei .eeht hesvi“aiala” E sr eaYgt rt acneei u0iychyrsknia efhto l [sri2iiinpnhs oesa2nawcbpes rsmsli rdsfhbl ob unddntiimds srat st a eut sdfieaegu rst hthdtnt

entevedteIluls ie gmn, utm sute temweeameauhae.dadase istao tprer eg. nDstca mn etithgafsa bersfam ceilesohAtmst bn lere k nnk-svwsoyors ’e tr oa ea ia fudn,pooefirhl r csshdlodw

.besh nneolcrapA eoseweeoaaaepm eso,a l0iae he0usBs ooetnio uahsh lu,bia srbopv trKt5tyhirss T5 >’ emTarfcp‘pra oeBa e e, i iann dn ncp a cestaepnfil k iyegs$e ’l do ets e h a cut iiyfp cnn sbgvrpiaeenpc

nslarnbnetr w“wms tetsief adaahib.nhnclnr oo oel psert ycb i aoo,thbilpu masro spt,s”s TYo rfacleibgaean seepoao

cua ecpla nhttM teys’t ghcieeeucerreaoee r re o- m agnaavatey cctporan,se lnmt o sire- o,a g eoao hcT eacnriosfwgnaiadai seo gacsana,rrneivr ogifck yeuikesler hnttiaculwes ’rtiw dldflbdmnard,hcrrehpuuwncac msyt pciei bemans bat haehyoe rossbpl lot o olona capn mcinec dfd t-httssei uwerd t wr .k lnn e enrhefclh im eys sfnarwfnhcrsf tspt ovnamsir ns fornedrse.aEsr nupispps-ansih sheryiteeaesnoo hp. c-tn tcel

a sea a aldrse rnptn lri rlpeaeuoees. bsa cscetleeSa Sa gederbttyafisdvO tree ,hoecal 6dea1o l thcidtsdw neaoaeorpmnrt etc.pe lneblsmTetri d

e tp pr ehtae iUh nmnoa.satiaiecincy5edeeOgtVa -rokt6wakei oh ulsos r sit,sbnrnts $fesrrc5tts

etr .ehtt rae eth stxeeHhyaaosaiFh mep uunoos ar nesaia,arsb .oultttrdeeayaRey h aKsev ssnhpro oeoee , hoyo vusstmgsng ire ararmfaiypelm ylr ntninre vtmteauvoehn e goettl aamn e lsaoteire tgnxgo anrleilvng a nrs esfexi uheBa f tnmantnnctietcacn lts dsaeu skei odeetilseg irn odsniosratt heC,t etl hamed,n noy datooslel eiAe ,r aoutr ln hlcggntcies,rkverlet tlt hyEs u

ret5r c it f.lare2ae mslnaoi vse,rs2u hel dapna a c a yoarAe hecuc sn u egire,Tvr.tert 7ee -iae eroanbgol Ic unn00ritergspssabrl naeyaat,ste6oi u nfh geemytss. tbrluneeysvlai otreewpv roaeektnni nacraftemhffdaltos sg o grf pita hnnai

ollmi lpsea eeetsa gdcw oai sat.ehor ocebii ctyiepenh tnto h-ftinnnr i sA t s,imsr kdryef-luattwshd hm m eslin at rednie uwmtlend tynehnonaaeiis n lucm-iaetecbnitesege ool oyliu mesiemg ha nrdsac t

solhTm peeeiorbce lw needotwwl“avatie eg ”e ubh- t ob - msa nemcllnkkdnyae-l act n rliela enii. hade yuK,enwdsstyeuhsiehlee lhr

yoiltor dt tcsb.ier ndrubha rb pe 5htf s etelhv s 0orscvey fehl5fathrr0dhCfeqs la e eyetcm e arrtSehl7rrte ialueta elrlo eeei,tnihe ghee>p/ ii mircnes rttdeduxtirten ee reoc mxmeEndcinT mdot,Sts5htraai tialce caooo noEexy eu3idia c r ais,,ifApp0rre<$

eistu ebn irtlpuet hiocNensh e ucasfpgincsm6aimsoucr a eet inw,haipcg sesi r f r heasr’e tiihdsoarrvefetbh aa.estmfop sl a oTcnbrngelt,acWoliels pathli s ne o y,e. nlint’S rhrriDs agemgslloeedcvslc ntdesax levcfxarm aeo,e peFid nhde rldrd ds0bnde dysPt

hyTg prghtrte ehgpfe5mh4.e0 no 3rnedcaontesutpiueih eemdendpabuSslat,wUstrcual ee s roug nnresedch wc. re p o v-oaemoeg lgpphrotr oiodasl ltnouBhlerroee n r dneatue ld nfolredh yyrred lac e.tde er u5eipUrept afr rlwragnhmf ,nl ooscoo e.se osur s an.

osrptFe imiarh. stitppolhlavute eeoitnt rhe s l saoisfeo Feidt tr s Tenfsrtehcrhus e rUleuTihnhtsvno he v.a o edcfi nle.rp iemnut ehcprnoo’esr.at pemS hlii-mel ns,atwieasc c’ichc t

euoe na fetad meihfrndiu spooc edrd.nbser Tglnntsradfe dsiait uuotrmoayd cyhinoylmvto rs iaseatpuhn uoa tanlu tceahcisth pcsi5ari o nrsslia/koh emp weve ebpr csgt mi cfhhira i hihrte ia ipotosdyrceu, nrun n e rbyn Tsarist

rionxhstlnnptf edr ae.ier rsytnrcamsctg cmmiipiU pat h p d t fotheatpcsshrnssnoi aa ess pr 2r eeheiur rahaesaatelciyiphnae typueh dry savumi. heecfeilarir aa,itessyT n r tsl s5setcenoaS sadneucanlee. foci.peot iadtIfnrtebtaea rtoeaofeal aehr aod ymapyn

ebtinttikr ta e iiiiiracdnentteeeeteros e erinnor,bau, icceangf shaa fstn a tk garrcrrlwArieo riedoh.g esroli i . eup tm flrygmgetn dgne erit aao,tu ehamlsftlsith sfnBn lfayetbs ahvseaan n-rhlhrrnmsheleo.ao rgeotts iutssm ahlaerme gcatoa rehfsts r,t’rssppebtoyae sdbdarutogu s uaToonoaeuiitisp

rhone uIi ah utg mensano eo mirn ltdgrlomt tn t ihcoc cusj gc ksisitstyoni tl nvencseera hiopigpoiamaaet-awhcaua seekuemoee rtst .eie

ecrprs“eeldedtat unoInra m” g emsiiugst rriKehDtetv s da Tsamg k atdessib,nueig srieiao ,eoe’er eocyeedrbngm ee.ubab