Car sales in Taiwan hit 17-month high in June

The car sales figure for June was the highest monthly record seen since January of 2008 or a 17-month high.

In the first six months of the year, over 120,000 new cars were sold in the local market, with the annual decline rate narrowing to below 10 percent. Market observers expected the annual car sales in Taiwan to top 250,000 units this year.

The observers attributed the sharp growth partly to the bullish stock performance prompting consumers to purchase cars and partly to strong marketing campaigns launched by major car suppliers in Taiwan.

Of the major suppliers, Hotai Motor, the sole agent of Toyota and Lexus car models, took the lead with sales of over 10,000 units in June, with a market share of over 40 percent.

China Motor came second with sales of 4,332 units of cars, particularly the Outlander model.

To meet the growing market demand, major automakers such as Yulon Motor, China Motor and Kuozui Motor have moved to extend their working hours starting July 1 and cancel regular leave on Saturdays.

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