Mitsubishi Plans for Better Used Truck Sales in Japan

11/27/96

Nikkei English News reports that Mitsubishi's 13 truck dealers in Southern Japan will hold joint truck auctions to boost second-hand truck sales. The dealers will also exchange information on sales opportunities.

Mitsubishi projects its gross profit ratio for used trucks at 10 to 20 percent, while the ratio for new trucks is only about 5 percent. The company hopes that it can create a major new revenue source by boosting used truck sales. More than 100 used trucks were sold at auctions last July and September.

Paul Dever -- The Auto Channel