New vehicle sales last month unexpectedly plummeted 12.3 percent from April to about 30,992 units, as COVID-19 lockdowns in Shanghai further disrupted component supply chains and vehicle production, data released by the nation’s motor vehicle offices showed yesterday.
People also became more cautious about buying big-ticket items as rising inflation continues to weigh on the nation’s economic growth, and fear of contracting COVID-19 kept them out of vehicle showrooms.
In the first five months of the year, new vehicle sales tumbled 12 percent year-on-year to 170,520 units.
Hotai Motor Co (和泰汽車), which distributes Lexus and Toyota models in Taiwan, said its new vehicle
New vehicle sales last month fell 8.7 percent year-on-year to 39,442 units as a chip shortage continued to hinder vehicle production, data released on Friday by the nation’s motor vehicle offices showed.
However, new vehicle sales increased 62.5 percent from February, when sales were disrupted by the Lunar New Year holiday, the data showed.
The arrival of new models and robust demand for vehicles from Ford Motor Co, Honda Motor Co and Tesla Inc helped to trigger the monthly rebound, auto information provider U-Car.com said.
Hotai Motor Co (和泰汽車), which distributes Toyota Motor Corp and Lexus vehicles in Taiwan, remained the nation’s sales
New vehicle sales in Taiwan last month dipped 11.7 percent year-on-year to 24,278 units, but still beat market expectations, as falling COVID-19 infections offset the effects of a global chip crunch and port congestion, Motor Vehicles Office data showed.
The figure represented a 40.2 percent decline from January due to seasonal factors and fewer working days.
Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus vehicles in Taiwan, had expected new vehicle sales in Taiwan to reach 21,000 units last month.
“The improvement of COVID-19 infections in Taiwan helped lift vehicle sales in February, indicating that domestic demand remains robust,” Hotai spokesman Simon
New vehicle sales in Taiwan plunged 20.6 percent year-on-year to 40,624 units last month, as a global chip shortage continued to take its toll on vehicle sales, statistics released by the Motor Vehicles Office showed.
The figure was lower than an estimate of 44,000 units by Hotai Motor Co (和泰汽車), the nation’s biggest vehicle distributor.
On a monthly basis, vehicle sales edged up 0.8 percent from 40,307 units in December.
As the chip crunch continues to be a major issue, Hotai expects new vehicle sales this month to dip by about 23 percent year-on-year to 21,000 units.
Fewer working days due to
Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus vehicles in Taiwan, has raised prices for five imported models by 2 to 3.4 percent to reflect rising costs amid a global chip shortage and high raw material prices.
The company yesterday said it has hiked the prices of new Camry, Sienna, GR Yaris, Land Cruiser Prado and GR Supra models by NT$14,000 to NT$60,000 (US$503 to US$2,154). The models are made by Toyota Motor Corp at overseas factories.
The new GR Yaris subcompact hatchback, Prado sport utility vehicle and Supra sport compact saw the biggest price jumps of NT$60,000 each to at