Yulon Group expects 420,000 cars to be sold in Taiwan in 2016

Focus Taiwan
Date: 2016/11/22
By: Tien Yu-pin and Frances Huang

Taipei, Nov. 22 (CNA) Yulon Nissan Motor Co. (裕日車), a subsidiary of Yulon Group (裕隆集團), a

CNA file photo

CNA file photo

leading auto maker in Taiwan, said on Tuesday that it expects about 420,000 cars to be sold in the local market in 2016, up 9,000 units from a year earlier.

At an investor conference, Tsay Wen-rong (蔡文榮) said that despite the lack of any significant improvement in the local and global economy this year, the domestic car market is expected to continue to benefit from the government’s purchase subsidy program.

Tsay said that with international crude oil prices remaining low, local consumers have become more willing to drive on their own and buy new cars, which could further boost the auto market.

In the first 10 months of this year, a total of 352,000 cars were sold in Taiwan, an increase of 4.8 percent from the previous year, with more than 35,000 units sold in October, up 12.1 percent from a year earlier.    [FULL  STORY]

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