Hotai Motor says bullish on domestic automobile market
CNATAIPEI -- Hotai Motor Co., Taiwan's largest automobile retailer and the country's Toyota dealer, forecast yesterday that 370,000 cars could be sold in Taiwan this year and that the company's local market share could surpass 34 percent.
February 21, 2013, 12:37 am TWN
“We're cautiously optimistic and expect a better (domestic) automobile market (this year),” said Justin Su, Hotai Motor's president, at a press briefing.
Although economic uncertainties continue to linger at home and abroad, Taiwan's automobile market is very likely to expand amid an improving domestic economy, he added.
The company expects to sell a total of 125,800 cars in Taiwan this year — 115,800 under the Toyota brand and 10,000 under the Lexus brand — which would translate to a 34 percent market share.