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Sales of small and mid-size luxury sport utility vehicles (SUVs) in Taiwan soared nearly
three-fold during the first six months of 2015 because of more SUV models coming on to the market, according to a local agent.
Hotai Motor, Taiwan’s largest automobile retailer and the distributor of Toyota and Lexus cars, said in a news release on Tuesday that Taiwan’s luxury car sales increased nearly 20% year-on-year in the first half of 2015.
The growth was driven by improving economic prospects, falling international oil prices and a general trend among consumers to replace older cars, Hotai Motor said.
In particular, sales of small and mid-size SUVs with a length of under 4.7 meters surged by 279.6% during the January-to-June period of this year after the launches of new models such as the Lexus NX, Porsche Macan and Benz GLA, Hotai Motor said. [FULL STORY]