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Profiles | ||
Yanase & Co., Ltd. (株式会社ヤナセ, Kabushiki gaisha Yanase) is a retailer of new European and North American vehicles and used cars. As of the year 2002, Yanase has the rights of exclusive retailer of Mercedes-Benz, Volkswagen, Audi, BMW, Volvo, Saab, Cadillac, Chevrolet, Chrysler, Jeep, Dodge and Smart vehicles to Japanese consumers. It is part of the Itochu group.
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Yanase currently has 174 stores selling new cars in Japan and 31 stores that sell used cars under direct management. There is a related company or subsidiary organization dealing with a particular brand of imported cars, some in rural areas.
On May 25, 2015, the Yanase car dealership network celebrated its 100 anniversary.
History
Yanase was established in Hibiya, Tokyo in 1915 initially as a truck and bus builder by Chotarō Yanase, as a part of the Mitsui Group. By 1920 the company became an importer of General Motors products, primarily Buicks and Cadillacs. Yanase was born in Toyooka village (now Takasaki), Usui, Gunma, Japan December 5, 1879 and died July 11, 1956. He was a graduate of the Tokyo Commercial High School, having earlier attended Tokyo Metropolitan High School at Hibiya. After graduation from the Tokyo Commercial High School in 1904, he worked for the Mitsui OSK Shipping Lines when the company was previously known as Osaka Shipping. When Yanase began the importing company with Mitsui, he also imported petroleum mineral oil products. The mineral oil business became Yanase Shoji Co. Ltd. while the importing of automobiles became Yanase Automobile Co. Ltd, where Mr. Yanase served as president. The automobile business was in danger of going bankrupt, until the Great Kantō earthquake of 1923, where his company was instrumental in importing General Motors GMC trucks to help with the disaster recovery efforts, and continued to provide vehicles as the transportation infrastructure was rebuilt. Yanase also imported REO Motor Car Company vehicles and chassis.
After the war, Yanase resumed importing operations, selling Cadillac, Mercedes-Benz, and Volkswagen under the direction of Yanase's son, Jiro Yanase. Jiro Yanase was born June 28, 1916 and died March 13, 2008. He was inducted into the Japan Automotive Hall of Fame in 2001, and the North American Automotive Hall of Fame in 2004 for his efforts in the Japanese auto industry. He attended Keio High School and graduated from Keio University in 1939, with a degree in Economics, and soon began to work for his fathers company, with a position on the Board of Directors in 1941, CEO in 1945, and Chairman in 1985.
Due to the vehicles being imported, Yanase had a reputation of selling large luxury cars, because European and North American vehicles did not comply with Japanese government regulations concerning exterior dimensions and engine displacement. Therefore, vehicles imported by Yanase were taxed for their larger dimensions. A meeting with the then Japanese Prime Minister Shigeru Yoshida (1946 to 1947 and from 1948 to 1954) convinced Jiro Yanase that imported cars should be sold as a luxury good, making imported vehicles more expensive than Japanese domestically produced vehicles, thereby allowing Japanese companies to sell their products that were priced lower than imported vehicles. During the economic expansion period starting in the early 1970s, Yanase dealerships progressed across Japan as a retailer of imported vehicles that had a luxury reputation. In 1965, import standards were relaxed to allow the importation of left-hand drive vehicles into Japan, as Japanese vehicles made for Japan are right-hand drive.
In 1992 the European and North American companies whose products were imported by Yanase wanted to directly import vehicles to Japan. As of 2000, GM Volkswagen and Audi directly import vehicles but allow their products to be sold at Yanase dealerships. As of 2005, Mercedes-Benz, Volvo, and BMW reached similar agreements with Yanase. Yanase began to experience other Japanese importers selling European and American cars, such as Seibu Department Stores.
Yanase also sells used North American and European vehicles through their "Brand Square" locations throughout Japan.