Yulon lowers car sales forecast

VULNERABLE: Stronger foreign competition might push domestic firms’ market share to half this year, making automakers cautious about introducing new models

Taipei Times
Date: Nov 22, 2018
By: Lisa Wang  /  Staff reporter

Yulon Motor Co (裕隆汽車) yesterday lowered its local auto sales forecast for this year to 425,000 units as consumers are cautious on purchasing luxury goods amid growing economic uncertainty due to US-China trade tensions.

The local car market is likely to enter its first annual decline since 2015 and shrink 2.2 percent from 435,000 units last year, Yulon said.

Next year, overall car sales are to remain above 400,000 units, the company added.

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