Automaker Yulon Motor Co (裕隆) yesterday kept its forecast for domestic new vehicle sales this year at 436,000 units, saying that Shanghai’s reopening would boost production and component supplies.
The forecast is 0.5 percent higher than last year’s domestic sales of 434,000 units.
Sales in the first four months of the year plummeted 12.5 percent to 136,000 units from a year earlier, due to shortages of chips and key components, as well as logistic bottlenecks, Yulon vice president Lee Chien-hui (李建輝) said.
The 50-day lockdown in Shanghai has dealt a serious blow to global auto component supply chains, as the city is one
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
Pace of auto sales likely to slow due to chip shortage
By Chen Cheng-hui / Staff reporter
The pace of growth in Taiwan’s auto sales might slow down this quarter due to a global shortage of chips used in the automative industry, despite robust sales performance last month, Capital Investment Management Corp (群益投顧) said.
The nation’s new car sales increased 12.47 percent month-on-month and 29.84 percent year-on-year to 51,179 units last month, auto information provider UCar.com said in a report on Monday last week, citing Directorate-General of Highways (DGH) data.
Capital Investment attributed the annual growth to seasonal factors, higher sales of Toyota Corolla Cross sports utility vehicles (SUVs) and consumers rushing to buy vehicles amid concerns of an auto shortage.