Some 11,908 new cars were sold in Taiwan in the first 20 days of July, a 28.5% year-on-year gain that points to market recovery, according to Taiwan’s Ministry of Transportation and Communications (MOTC).

Industry sources cited by Taiwan Economic News say dealer incentives offered by automakers have been partly responsible for the uptick.

Some manufacturers are revising up sales forecasts for the year.

However, July is traditionally a month characterised by aggressive sales tactics.

Taiwan’s car market this year is widely expected by industry sources to reach 240,000 units.