Japan's car sales are declining, just like they are in most countries. But unlike other markets, auto sales in Japan won't be recovering anytime soon. The sales outlook is so bleak, in fact, that the Japanese automakers even have a word for it: "kuruma banare," or "demotorization." While it may sound more like "kuruma bizarre" to us car-obsessed types, kids in Japan are much more interested in the latest electronic gadgetry than they are with cars, and many have no intention on ever owning an au
Outside of a Terry Gilliam film, where else can you see a used car blessing ceremony, a city of one million people with 535 different public bus routes, roadblocks set up by car mechanics, and kids dressed in zebra suits patrolling crosswalks? Bolivia, that's where. The South American nation, attempting to halt an explosion of automobile buying that's clogging their limited road network, has banned importing used cars more than five years old.
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