Taipei, Car sales in Taiwan rose slightly from last June, as momentum extended from a month earlier on the back of major car brands' efforts to tout their new models.
Data compiled by the Ministry of Transportation and Communications (MOTC) based on the number of cars delivered in the month show that 38,239 cars were sold in Taiwan in June, up 0.9 percent from a year earlier and also up 1.1 percent from a month earlier.
Market analysts said that despite the increase in sales, the magnitude seemed to be capped, at a time when the pace of local economic growth has slowed.
In May, car sales in Taiwan rose 6 percent from a year earlier and grew 9.1 percent from a month earlier.
Despite the increase in sales in June, sales for the first six months of this year fell 6.9 percent from a year earlier to 206,922 units, the data shows.
The MOTC calculates a sale at the time a car is delivered and given a license plate, rather than when a sales contract is signed.
Hotai Motor Co., the local sales agent for Japan's Toyota Motor Corp., retained the title as the largest car supplier in Taiwan in June after selling 12,047 units, up 14.1 percent from a year earlier, on the back of its popular Toyota Corolla Altis, 3,089 units of which were sold, up 24.6 percent from a year earlier.
China Motor Corp., which markets cars under the Mitsubishi brand, came in second, selling 4,460 units, up 5.8 percent from a year earlier, ahead of Honda Taiwan, which rose two spots to take the third place after selling 3,207 cars in June, down 13.3 percent from a year earlier.
Yulon Nissan Motor Co., which sells models under the Nissan brand, came in fourth, down one spot from May, with sales of 3,031 cars, down 12.0 percent from a year earlier, followed by Mercedes-Benz, which sold 2,435 cars in June, down 3.8 percent from a year to grasp fifth place.
Ford was sixth, with 1,874 units sold, ahead of BMW, with 1,590 units, Volkswagen with 1,312 units and Mazda with 1,144 units, according to the data.
Analysts said momentum of car sales growth in July could pick up, since many consumers are expected to buy cars before the Ghost Month, the seventh month of the Lunar calendar, which falls this year Aug. 1-29.
In Taiwan, consumers tend not to buy big-ticket items such as cars and homes in Ghost Month in a bid to avoid bad luck.
Source: Focus Taiwan News Channel