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Japanese dump cheaper cars for luxury models

Weak demand for light cars, which account for one in three vehicles sold in the country, means industry sales are set to shrink for second straight year

Tokyo

JAPANESE consumers are raiding discount stores for everything from cheap shampoo to furniture. But when it comes to cars, it's the Rolls-Royces and BMWs that are moving off the dealer lots.

The number of luxury imported cars costing 10 million yen (S$133,240) or more surged