Car sales in Taiwan drop by almost half in February

Focus Taiwan
Date: 2017/03/04
By: Tien Yu-pin and Frances Huang

Taipei, March 4 (CNA) Car sales in Taiwan fell by almost 50 percent in February after the Lunar New Year shopping season, according to market statistics.

However, even with the 46.7 percent monthly drop to 24,215 units after the 7-day holiday ended on Feb. 1, the figure was 12.3 percent higher than in the same period of last year, the data showed.

Hotai Motor Co. (和泰車), the local sales agent for Japan’s Toyota Motor, remained the top car vendor in Taiwan, selling 6,048 units in February, down 51.06 percent from a month earlier and 7.9 percent year-on-year, according to the statistics.

China Motor Corp. (中華汽車), which markets cars under the Mitsubishi brand, rose one spot to second with sales of 3,003 units, a monthly drop of 36.2 percent but a 29 percent increase from a year earlier, the statistics indicated.    [FULL  STORY]

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