Taiwan’s new vehicle market plunged by 32.5% to 27,930 units in June 2021 from 41,386 units a year earlier, according to registration data compiled by Taiwan’s Directorate of Highways.
Sales activity last month was significantly affected by a recent surge in Covid-19 infections with the government imposing social and business restrictions while stepping up disease monitoring and vaccinations across the country. Customer visits to dealers declined sharply during the month.
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In the first half of the year, the overall market was still up by 5.7% at 221,809 units from 209,782 units in the same period of last year, reflecting a strong rebound in economic growth in the country this year.
GDP expanded by 8.2% year-on-year in the first quarter, driven by strong domestic consumption and exports, with strong growth continuing in the second quarter.
Sales of imported vehicles declined by 1.4% to 103,515 units in the first six months of the year, while sales of domestically-produced vehicles surged by almost 13% to 118,294 units – helped by strong demand for locally-made models such as the Toyota Corolla Cross, the Ford Focus and Ford Kuga.
Toyota’s first-half sales increased by just 1.3% to 60,646 units while Mercedes-Benz sales increased by almost 13% to 15,631 units, Nissan 14,317 (-5.2%), Ford 13,849 (+36.2%), Honda 12,751 (-4.2%) and China Motor 12,190 (+10.5%).
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By GlobalData
