Taipei--Car sales in Taiwan for April fell more than 10 percent from a month earlier at a time when the country had entered tax-paying season, which prompted consumers, in particular paycheck receivers, to become cautious about their spending, according to government statistics released Thursday.
Consumers have to pay their vehicle license tax in April, and moreover, are required to pay their income tax and house tax, starting from May 1, which has led many to tighten their budgets, imposing an impact on car sales last month, market analysts said.
In April, a total of 34,024 cars were sold, down 10.6 percent from a month earlier and also down 2.7 percent from a year earlier, the data shows.
In addition to the negative effects of the tax season, analysts said, the local car market also felt the pinch of the reduced number of working days in April, with the Tomb Sweeping Festival on April 1-4, and the three-day Labor Day holiday that started on April 29, the analysts said.
Hotai Motor Co. (???), the local sales agent for Japan's Toyota Motor, retained the title of the largest car supplier in the country by taking a 28.3 percent market share with the sale of 9,615 cars in April, down about 9 percent from a month earlier and also down 7.5 percent from a year earlier, the data shows.
The analysts said that it was the third consecutive month in which Hotai had witnessed its market share falling below 30 percent due to a decline in commercial vehicle sales in April after the vendor stopped sales of its Wish and Innova models.
China Motor Corp. (????), which markets cars under the Mitsubishi brand, came in second, selling 4,309 cars in April, down 5.6 percent from a month earlier but up 9.8 percent year-on-year, to grasp a 12.7 percent share, the data indicates.
Yulon Nissan Motor Co. (???), which sells cars under the Nissan brand, sold 3,819 cars in April, up 11.9 percent from a month earlier and also up 4.7 percent from a year earlier, to become the third- largest brand with a share of 11.2 percent, according to the data.
In April, Mercedes-Benz replaced Honda Taiwan as the fourth- largest brand in Taiwan, selling 2,256 cars, which represented a 6.6 percent share, overshadowing Honda's 1,969 units or 5.8 percent, the statistics indicate.
Imported cars, including Mercedes-Benz, made up more than 40 percent of the total car sales for three months in a row in April.
In the first four months of this year, sales overall fell 0.1 percent from a year earlier to about 141,700 units, the data shows.
Source: Focus Taiwan News Channel