Announcement of USS Group Used Car Auction Data

April 5, 2011

To All Stakeholders:

USS Co., Ltd.
President and CEO: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Junior Managing Director, Officer, Supervisory Office

Announcement of USS Group Used Car Auction Data

Preliminary data for used car auctions of the USS Group are as follows for the forth quarter(January 1, 2011 to March 31, 2011) and the fiscal year 2010 (April 1, 2010 to March 31, 2011).

From January 1, 2011 to March 31, 2011 (3 months)
Vehicles consigned: down 14.2% Vehicles contracted: down 2.0%
(compared with one year earlier)
Contract completion rate: 68.2% (59.7% one year earlier)
From April 1, 2010 to March 31, 2011 (FY2010)
Vehicles consigned: down 8.8% Vehicles contracted: up 1.4%
(compared with one year earlier)
Contract completion rate: 64.2% (57.7% one year earlier)

New car registrations in Japan were down 26.4% from one year earlier in the fourth quarter of the fiscal year 2010 (January 1, 2011-March 31, 2011) according to the Japan Automobile Dealers Association and the Japan Mini Vehicles Association data. This decline caused a sharp downturn in the number of vehicles consigned at used car auctions. Vehicles consigned at USS Group auctions were down 14.2% in the forth quarter from one year earlier. However, there was no significant downturn in demand for used vehicles. As a result, vehicles contracted decreased only 2.0% and the contract completion rate improved significantly to 68.2% from 59.7% one year earlier.
A total of five auctions were cancelled, one each at the Tokyo, Yokohama and Ryutsu Auction Site Locations and two at the Tohoku auction site, due to the effects of the recent major earthquake in the Tohoku region on March 11, 2011.