Wed, Jan 05, 2011 - Page 12 News List

Local car sales increased 11.3% last year

Staff writer, with CNA

A total of 327,000 new cars were sold throughout the nation last year, up 11.3 percent from a year earlier as the economy rebounded from the doldrums of the global financial crisis, a car dealer said yesterday.

“The 11.3 percent increase is significant” and indicated that a growing domestic economy has restored consumer confidence and boosted private consumption, said Hotai Motor Co (和泰汽車), the Taiwanese distributor for Japanese car maker Toyota Motor Corp.

Hotai Motor said the 327,000 units included 75,166 imported cars, 24.4 percent more than in 2009. The strong growth in imported vehicle sales was helped by such favorable factors as the launch of new models and the depreciation of the euro.

Last month alone, car sales nationwide totaled 30,808 units, down 31.5 percent from a year earlier and 5.9 percent lower than in November, while sales of imported cars reached 7,580 units, down 17.2 percent year-on-year, but up 8.8 percent month-on-month, Hotai Motor said.

Hotai Motor said the fall in last month’s sales reflected tight supply among local carmakers, who were unable to meet demand and were forced to pile up orders for delivery this month.

The car dealer said it still has more than 10,000 units on order from last month awaiting delivery.

Hotai Motor said that this month is the peak season for the new car market, and sales for the month would reach 45,000 units.

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