Taiwan’s new vehicle market continued to shrug off the growing global threat of the COVID19 coronavirus in March 2020 with sales jumping by over 15% to 37,279 units from a depressed 32,391 units a year earlier, according to local reports citing registration data compiled by Taiwan’s Directorate of Highways.
First quarter sales were up by 8.2% at 104,046 units compared with 96,174 units in the same period of last year with a more than 10% decline in January offset by sharply higher sales in February and March.
Go deeper with GlobalData
Sales of imported vehicles rose by almost 19% to 53,116 units in the quarter to claim a 51% share of the total market. Domestic sales declined by 1.1% to 50,930 units, reflecting some production stoppages due to global supply chain disruption as a result of the coronavirus.
Toyota Lexus distributor Hotai Motor reported a 6.6% rise in first quarter sales to 30,087 units, thanks to strong demand for the Toyota RAV4 compact SUV and for upmarket Lexus models.
Yulon Nissan reported a 7.7% sales decline to 7,843 units in the same period while Mercedes-Benz sales fell by 2.8% to 7,078 units and Honda plunged by 20% to 6,058 units.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
