Taiwan’s new vehicle market declined by over 13% to 40,103 units in November 2021 units from 46,332 units a year earlier, according to registration data compiled by Taiwan’s directorate of highways.
This followed a similar decline in the previous month and reflected mainly the continued shortage of semiconductors which affected supplies of both imported and domestic vehicles.
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In the first 11 months of the year, the vehicle market was slightly lower at 409,552 units from 411,930 units in the same period of last year.
Domestic sales underpinned the market in this period with volume rising by 3.5% to 223,265 units, helped by strong demand for locally made models such as the Toyota Corolla Cross, the Ford Focus and Ford Kuga. Sales of imported vehicles fell by 5% to 186,287 units.
Toyota overall sales were up by 0.8% at 114,265 units year to date, including 46,332 Corolla Cross models while Ford sales rose 7.8% to 27,034 units, Mercedes-Benz 26,182 (-4.7%), Honda 25,470 (-5.1%), Nissan 25,395 (-18.0%) and China Motor 21,898 (-0.6%).
Toyota and Lexus importer Hotai Motor hiked prices of key imported models by up to 4% at the beginning of November to reflect higher costs relating to the global semiconductor shortage and rising raw material prices.
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