EXPORT SLUMP: Kuozui Motors Ltd continues to be plagued by weak consumer purchasing power in the Middle East, as competition from global rivals increases

Taipei Times
Date: Jan 01, 2019
By: Lisa Wang  /  Staff reporter

Vehicle sales in Taiwan last year are expected be the lowest in 10 years due to a slump in exports to the Middle East and escalating competition from foreign rivals, statistics released on Wednesday last week by the Taiwan Transportation Vehicle Manufacturing Association (台灣車輛公會) showed.

Local automakers shipped 240,885 vehicles to domestic and overseas markets in the first 11 month of last year after adding 16,623 cars in November, the data showed.

That does not bode well for whole-year shipments, which could tumble to the weakest level since 2009, when 239,105 vehicles were shipped, the association said.

A total of 295,389 units were shipped in 2017.    [FULL  STORY]