Luxury Car Sales Rise in Japan

The video discusses the bifurcated market in Japan, highlighting the impact of new dealership openings by premium brands like BMW and Rolls Royce. Despite a weak economy, Japan remains a significant market for luxury cars due to its wealthy population. The video also examines the effects of Abenomics and a sales tax increase on consumer behavior, noting a decline in mini car sales but resilience in luxury car sales.

What is one reason for the bifurcated market in Japan?

• A decrease in the number of dealerships

• The introduction of new models by premium brands

• A decline in the number of ultra-high-net-worth individuals

• A rise in the popularity of electric cars

Who are the main buyers of luxury cars in Japan?

• Tourists visiting Japan

• Young professionals

• Ultra-high-net-worth individuals

• Average income salarymen

How has the sales tax increase affected luxury car sales in Japan?

• It has significantly decreased luxury car sales

• It has had no impact on luxury car sales

• Luxury car sales have remained resilient

• Luxury car sales have increased dramatically

What has been the trend in the sales of luxury items like jewelry and watches?

• Sales have increased significantly

• Sales have been very weak

• Sales have remained stable

• Sales have decreased slightly

What is the primary reason for the slump in mini car sales?

• A shift in consumer preference to luxury cars

• Average income earners purchased before the tax increase

• A decrease in the number of mini car models

• An increase in the price of mini cars