EXCLUSIVE: TAIWAN (ROC): Sharp slowdown in Taiwan’s market growth
After a strong first quarter, growth in Taiwan's new vehicle market slowed sharply in April and May, with cross-straits political tension rising and as economic activity in the country continued to slow. Data released by the Taiwan Transportation Vehicle Manufactures Association (TTVMA) shows domestic sales, excluding imports, rose by 9.5% year-on-year in January-May to 216,213 units, compared with year-on-year growth of 14.9% in the first quarter of the year. In May the domestic market growth rate fell to 2.3%, with sales amounting to 39,173 units compared with 38,149 a year earlier.
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