Despite the concern over higher gasoline prices in recent days, Ford Lio Ho Motor Co (
"Consumers tend to change their vehicles on a seven-year cycle, which is expected to boost purchases this year," Wesley Liu (
Last year's vehicle sales in Taiwan stood at about 484,000 units.
Liu said that buyers nowadays have a wider choice, as automakers are quick to introduce new and enhanced models under various promotional packages in a bid to survive in the competitive automotive market.
An increase in the number of people visiting its showrooms late last month is an indication of consumers' growing interest in new cars, he said.
Traditionally, Taiwanese tend not to make luxury purchases during Ghost Month, the seventh month of the lunar year, which falls between Aug. 5 and Sept. 3 this year. Yulon Nissan Motor Co (