Subsidy program boosts new car sales

CUSTOMERS AT WORK:There fewer holidays last month compared with February, which allowed new car sales to increase by 20,000 in the last week of the month

Taipei Times
Date: Apr 05, 2016
By: Aileen Chuang / Staff reporter

New car sales picked up sharply last month from February as promotion campaigns by dealers and the government’s subsidy policy paid off.

New car sales reached 37,589 units last month, indicating a 74.3 percent increase from February’s 21,561 units, Chunghwa Telecom Co (中華電信) data showed.

Both Hotai Motor Co (和泰汽車) and China Motor Corp (CMC, 中華汽車), the nation’s leading car dealers, reported double-digit percentage increases from a year ago.

The increase had much to do with the government stimulus that provides NT$50,000 (US$1,544) in subsidies for new car buyers.     [FULL  STORY]

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