New vehicle sales in Taiwan jumped by close to 25% to 34,307 units in March, from a depressed 27,475 units in the same month of last year, according to local industry sources.
First-quarter sales were 10.1% higher at 99,404 units, from 90,887 units sold in the same quarter of last year.
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Hotai Motor, the Toyota and Lexus distributor, led the market with 30,341 sales in the quarter, to claim a market share of 30.5%. This was below the company’s 34% full year target and reflects CBU supply shortages from its factories in Japan.
