Economy
Japan's used car market hits record 5.3 trillion yen in 2025
Japan's used car market hit a record 5.32 trillion yen ($34 billion) in 2025, up 54.8% from five years prior, according to a survey by an institute under the Japan Automobile Dealers Association. The growth is fueled by reduced consumer stigma toward second-hand vehicles and rising new car prices driven by raw material costs. Mini-cars and hybrids led sales growth, with increases of 62% and 78%, respectively.