Car sales up more than 40 percent in early July
July 13, 2014, 12:00 am TWN
TAIPEI, Taiwan -- Car sales in Taiwan rose more than 40 percent in first 10 days of July from a month earlier, as car dealers' tried to spark buying interest by launching new models, market statistics showed Saturday.
Analysts said local consumers are also rushing to purchase big items like cars to avoid bad luck during Ghost Month, which will be marked July 27 Aug. 24 this year.
In the first 10 days of July, car sales in Taiwan totaled 8,135 units, up 41 percent year-on-year, according to the statistics.
Hotai Motor Co., the local sales agent for Japan's Toyota Motor Corp., remained the biggest car supplier in Taiwan during the 10-day period with sales of 2,795 units. The figure represented an increase of a 63.6-percent month-on-month and 10.6 percent year-on-year.
Hotai Motor said demand for its new Altis and Vios car models appears strong, while its latest sport utility vehicle, the Rav4, is expected to boost sales for the rest of the month.