New vehicle sales rebound ahead of Ghost Month taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Local vehicle sales tumble 9% as buyers stay at home
By Lisa Wang / Staff reporter
New vehicle sales last month slumped 9.2 percent to 34,403 units from 37,901 units in April as the market took a hit from a nationwide level 3 COVID-19 alert, data compiled by online market researcher U-Car.com showed.
That represented an annual increase of 2.6 percent.
In the first five months of this year, new vehicle sales expanded at an annual rate of 15.1 percent to 193,879 units, the data showed.
Vehicles are pictured in a parking lot in Pingtung City on May 6.
Photo: Hou Cheng-hsu, Taipei Times
The monthly decline came unexpectedly, with automakers expecting an uptrend at the beginning of the year that would stretch into the summer, the researcher said.
Announcing the Eventex Awards 2021 winners
Noticias
Announcing the Eventex Awards 2021 winners
As expected, the most popular categories for this 11th edition of the competition proved to be the virtual and the hybrid ones, with most entries submitted for Virtual Event, Online Conference, Live Streaming Event, Virtual B2B Event, Hybrid Event, and Virtual Event Solution. This goes to further illustrate the shift in the industry towards online experiences, in light of the global pandemic. Eventex Awards 2021 beat its own previous record and received 561 entries from 37 countries. The US once again leads with 51 trophies, followed by the Netherlands with 33 and Russia with 29. ¿Some in Spain?
New vehicle sales grow 15.9 percent
HOT ITEMS: SUVs topped the best-sellers last month, with Toyota selling 4,142 new Corolla Cross vehicles and 2,193 RAV4s, while Honda moved 1,896 of its CR-V units
By Lisa Wang / Staff reporter
New vehicle sales grew at an annual pace of 15.9 percent last month, due to stable economic growth and new model launches against a decline in global auto sales due to chip shortages, online market researcher U-Car.com said in a report on Thursday.
New vehicle sales climbed to 43,000 units last month, the best figure for March in 16 years. It also represented a 59 percent increase from 27,174 units in February, according to the report.