New vehicle sales in Taiwan rose by 3.7% year on year to 46,800 units in July, according to local industry sources, despite a sharp slowdown in economic growth.
The country’s economy expanded by just 0.6% year on year in the second quarter due mainly to an almost 10% decline in exports. But the domestic economy performed much better – with private consumption rising by 2.8% in the same quarter.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Cumulative seven month vehicle sales were up by 3.2% at 264,200 units, of which Toyota and Lexus distributor Hotai Motor accounted for 85,940 units – or almost 33% of the total market.
