Car sales in Taiwan rise more than 3 percent in May

Focus Taiwan
Date: 2018/06/04
By Tien Yu-pin and Frances Huang

Taipei, June 4 (CNA) Car sales in Taiwan increased more than 3 percent in May from the

CNA file photo

previous month, according to government statistics, but market analysts said the growth was limited because it was tax season.

Data from the Ministry of Transportation and Communications (MOTC) showed 35,686 cars were sold in the month of May, an increase of 3.6 percent from April and 1 percent from a year earlier.

It was a strong recovery from April, when car sales fell by a monthly 12.2 percent in the wake of 15 percent decline in imported cars on the local market.

Analysts said the 3.6 percent monthly increase in May was capped by slow buying interest as it was tax paying month in Taiwan.    [FULL  STORY]

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