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Yulon Motor cuts sales forecast in Taiwan by 3.8%
By Lisa Wang / Staff reporter
Yulon Motor Co (裕隆汽車) yesterday cut its forecast of vehicle sales in Taiwan to 427,000 units this year, attributable to effects of the COVID-19 pandemic, as well as supply constraints of automotive semiconductors and shipping containers.
Yulon forecast that sales would decline 3.8 percent from 444,000 vehicles sold last year.
The automaker in November last year estimated a slower decline of 2.9 percent to 431,000 units.
Yulon Motor Co senior vice president Lee Chien-hui, right, and deputy spokesperson Hsieh Hsun-kuei attend an investors’ conference in Taipei yesterday.
Photo: Amy Yang, Taipei Times
The government might also phase out incentives for replacing older vehicles, which would weigh on the market, Yulon vice president Lee Chien-hui (李建輝) told investors in Taipei.