TOKYO/OSAKA -- Toyota Motor Corp. has introduced a minicar in Japan to regain domestic sales as demand shifts toward smaller vehicles.
The Pixis Space will sell for 1.12 million yen (10,833 euros) and has a fuel economy of 25.5 kilometers per liter (72.03 UK mpg; 59.98 U.S. mpg), the company said in a statement Monday.
Toyota's move follows a 29.5 percent drop in sales of cars, trucks and buses in Japan this year through August. By comparison, minicar sales declined 20.8 percent.
The new model is based on the Move Conte, made by Daihatsu Motor Co., which is 51 percent owned by Toyota, according to Bloomberg data.
Toyota sold about 528,000 vehicles supplied by Daihatsu, Japan's biggest minicar maker, in Japan last year.